NPC global technology community jointly promotes ecological construction

01-17    Am-News

Entering 2021, as BTC soars all the way, the blockchain industry is making a comeback.

Looking back at the past 2020, if you must find a key word, DeFi may be more worth mentioning than the surge in BTC at the end of the year. According to data from DeFi Pulse, as of January 9, the total DeFi lock-up volume (TVL) has reached $22.1 billion, a record high. Such a large scale, if combined with the ecological value and significance of DeFi to the traditional financial market, it may be much more than that.

Take NPC, the creator of the decentralized financial ecosystem as an example. NPC is committed to proposing the technical architecture, application architecture and community architecture of a decentralized financial ecosystem, but does not set up a centralized organization to control this ecosystem. Rather, it provides tools and standards to super technical volunteers and super community volunteers all over the world to develop various technical applications and various types of communities. Reconstruct the modern financial system through DeFi, and with the joint efforts of super volunteers with the spirit of NPC around the world, build a decentralized financial ecosystem with a complete bottom layer, rich applications and a prosperous community, so that every chain in the global industrial value chain can be valued All the structural points realize right confirmation and free circulation.

Therefore, on the one hand, in terms of the application ecology of NPC, in addition to the three business models of P2P, fund pool and stable currency involved in most DeFi projects, NPC also provides architectural guidelines for staking and mutual financial services.

On the other hand, the construction of community ecology will also be the key to the development of NPC. Recently, it was officially announced that following the establishment of the NPC Australia community, the NPC Asian and European communities have also been established, including the promotion of communities in Japan, South Korea, Thailand, Vietnam, etc., which will make a strong impression on the layout of the NPC global technology community. It means that NPC's concept, technology development and application have reached consensus with more communities.

In addition, the open source platform GitHub shows that the DAPP structure of NPC mortgage equity has been upgraded, and many communities have been updated simultaneously, and transaction information and data can be queried on the chain. At the same time, it supports multi-dimensional statistical analysis on multiple mainstream public chains to track the movement of funds between addresses and more diversified data services. In the future, after NPC's own mainnet is launched, it will also support all on-chain transaction management and viewing.

What can NPC solve?

For users, compared with technological progress and ecological cooperation, what NPC can solve may be the core of everyone's attention.

In the traditional financial system, financial services are mainly controlled and regulated by the central system, whether it is the most basic deposits and withdrawals, loans or derivatives transactions. However, traditional financial lending has three problems: 1. A central institution that needs to be trusted; 2. Centralized control; 3. The birth process of financial products is long and time is slow, making it difficult to adapt to rapid market changes.

The essential difference of DeFi distributed finance is that DeFi is an open source software that does not require permission or centralized trust. Users will no longer be differentially priced or served because of their identities, and the entire system can be disclosed to all users without any barriers, so as to better serve a wider range of ordinary users. DeFi not only brings fundamental freedom to developers, but also includes: currency issuance, currency transactions, lending, asset transactions, investment and financing, etc.

NPC is a large decentralized financial ecosystem. Compared with MakerDAO, in lending applications, NPC supports users to use more assets for mortgage lending, and generates stable coins for leveraged transactions and hedging risks. For example, users can create an NPC smart contract account, from which digital assets such as BTC, ETH, ATOM, etc. are stored and mortgaged, and stablecoins are generated and loaned to users. When the user returns the stablecoin, the smart contract returns the mortgaged assets to the user and generates a stablecoin fee rate.

In addition to borrowing, it also supports the use of the STO system to turn some non-cashable equity in startups into tradable secondary market tokens. Real bulk assets that have not issued bonds or have not issued bonds and are immobile in the traditional capital market can also achieve credible data and asset granulation on NPC, and become anchor assets for credit enhancement or trading products. In addition, there are more financial derivatives services that can meet the needs of more users while providing users with more asset classes, reducing the black swan risk of single asset investment.

Of course, as there are more and more financial products on the B-side and C-side, there will definitely be mixed. But all products will enter the global unified community evaluation system, and evaluations based on product performance, safety, stability, and underlying asset quality will also be on the chain to become a credit system that can be traced back to each product. Each super volunteer community can dynamically allocate community traffic and capital resources based on their mining and rights. Therefore, in NPC, high-quality financial products will develop rapidly, and inferior financial products will be quickly eliminated, always maintaining the best competitiveness in quality and performance, and providing community members with the best product selection.

Tokenized products can be freely circulated on NPC's decentralized trading platform (DEX). While ensuring the separation of wallet and DEX, it can also achieve integrated and integrated development and form an ecologically mutually promoting aggregation effect. It is an advantage that most of DeFi projects cannot match.

Economic model of NPC

In addition, in the NPC ecology, a two-layer economic model is adopted, and the governance permissions are divided into two types of tokens, ecological points NPC Point, and community rights NPC Coin. Eco-point NPC Point is jointly owned by the entire ecological community, and the community rights NPC Coin is issued by super volunteers around the world in their own autonomous organizations. Ecological points NPC Point is a general ecological point, used to measure the community construction degree of the DeFi ecology after the integration of the large community. The starting point for using NPC Point is because the mining mechanism of the existing blockchain is often internalized in the blockchain mechanism, and the value of the blockchain itself needs a stable measurement mechanism, and NPC Point can accomplish these two tasks. More importantly, there can be a quantitative and accurate measurement of community traffic.

Community rights NPC Coin is the rights and interests of each community, that is, the proof of the value of DeFi business. It can be used to raise funds, share the results of ecological construction, governance voting, dividends, community mutual assistance, and return value to NPC Point in the future. It can also be recorded on the NPC Point network to share revenue, or it can be cross-chained on mainstream public chains such as ETH.

In other words, NPCC is a governance and equity token. On the one hand, node verifiers obtain the right to vote on the chain and participate in community governance by staking NPCC. At the same time, you can also pay transaction fees, commissions, and other cross-chain transactions.

Unique advantages of NPC

So, just as the NPC two-tier economic model mentioned above and support for the circulation of multiple asset classes, in fact this is derived from the NPC two-tier chain + cross-chain architecture design, which can make the business parachain projects in the NPC ecosystem stand out Own professionalism, that is, the vertical scene of professional service, and at the same time realize the interaction with other public chains. In addition to the ecological scene, what are the advantages of returning to the technical level of NPC itself?

In fact, looking at the current DeFi projects, we know that there are two major bottlenecks. The first is the asset bottleneck. At present, there are difficulties in the asset side, whether it is assets on the protogenesis chain or traditional assets on the chain. The other is the technical bottleneck. At present, DeFi projects are generally more complicated to use and require higher technical reserves for users. It can be said that who can lower the technical threshold lower and who can serve the community users more conveniently and simply, who can be one step ahead in the DeFi long-distance race, and the above two bottlenecks are NPC's efforts to solve.

First, the underlying facilities of financial autonomy have better performance. At the beginning of its establishment, NPC proposed the concept of a scalable two-layer chain, which is divided into an independent business chain and a blockchain basic chain that solves the interoperability of business chains to improve the overall performance of the public chain. The basic chain provides network-wide consensus algorithms, smart contracts, and a token issuance system. The business chain adopts alliance chain or private chain to manage asset data and token status, which can effectively achieve simultaneous expansion of performance and capacity to meet multiple scenarios The ecological needs of the company, while supporting medium and high frequency services. Financial institutions can build a fully autonomous alliance chain based on NPC, and then follow the NSC protocol on the basic chain to achieve mutual value transfer and ecological development.

Secondly, the unique cross-chain protocol and Cassini relay design support the free circulation of multiple assets. Cassini relay can unify the asset pools of different chains to form a decentralized financial derivative product and a cross-chain decentralized exchange (DEX) platform. From the perspective of user experience, taking lending as an example, users can use ETH to borrow assets on the NPC chain, and vice versa, they can also exchange assets between different chains, such as converting NPC assets into ETH assets. In this way, by providing interoperability for assets on different chains, seamless participation and docking of different businesses in the ecosystem is realized, so as to solve the problems of fragmentation of operations and non-interoperability of assets, and release the greater value of the underlying blockchain.

In addition, the Cassini relay and staking mechanism can also improve performance to a certain extent while preventing nodes from doing evil and ensuring network security.

All in all, we can comprehensively consider the potential value of NPC from the two aspects of macro market demand and industry technical advantages. Before the NPCP is online, the NPCC of various communities are the focus of attention. Looking forward to 2021, with the explosive growth of the Internet financial industry and the strong liquidity of encrypted currencies, the application prospects of decentralized financial ecology cannot be underestimated. The future of DeFi subverting traditional financial imagination is continuing.

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