Key Features of NCOG Earth Chain

Introduction

NEC has introduced the mission, vision, ecosystem, and basic aspects of the NCOG Earth Chain in our last article. Now, in this sequel, we will talk about the advanced components and features that comprise the NCOG Earth Chain.

This involves its multi-layer architecture, middleware, wallet, and transaction protocols.  We will further underline how NCOG, being at the forefront, is working to bring many industrial revolutions through its decentralized innovative applications and services.

Learn more about NCOG Earth Chain’s advancements at NCOG Earth Chain.

NCOG Earth Chain’s Multi-Layer Architecture

NCOG Earth Chain follows a multi-layer architecture much like other conventional blockchains to ensure data management is ensured to be effectively controlled, security is robust, and the integration of applications seamless.
It has mainly two layers: the NCOG Core Layer and the NCOG Ware Layer.

NCOG Core Layer

Infrastructure: At the very core of the NCOG ecosystem is the blockchain infrastructure, which will operate on its chain, the NCOG Earth Chain, for specific enhanced capabilities over other blockchains.
It helps record and settle data on blockchain transactions within this distributed ecosystem. It facilitates everyday tasks, like bill payments or travel bookings, with much ease.

The infrastructure layer retains information regarding transactions, smart contracts, and histories of transactions.
All these records are indexed by the status of their relationship within the event list of the main chain, ensuring seamless and reliable data transfer.

Control: The control layer acts as an important component in translator data captured by the infrastructure into meaningful information. This verifying ensures correctness and reliability of computations and saving of all the important facts that are necessary for execution of smart contract codes.

This is the layer that allows easy flow of data through different networks, guide information, control the data flows and terminate the connection if need be.

Computation Layer: This layer computes the arriving traffic so as to determine which services each block offers. These range from managing the transaction or reward of services. This layer makes sure that the data are transferred correctly and in proper order, hence increasing the efficiency and scalability of the whole network.

Interface: Through this interface layer, applications are able to access the NCOG Earth Chain and manage supervision of accounts and verification of transactions.
This layer further makes sure that every interaction between the Core and Ware layers is highly coordinated and mapped out to smooth the path for data flow without a hitch.

NCOG Ware Layer

The NCOG Ware layer is formed by open-source APIs, smart contract scripts, and a plethora of tools so as to back decentralized applications.
In that respect, it is responsible for payment, reservation, and delivery, commerce, and a multitude of reputation services; hence, it becomes an incredibly important part of the NCOG ecosystem in its own right.

The middleware in the NCOG chain contains protocols and APIs that connect dApps, composed of smart contracts and a Scala programming language. The platform of this middleware is modular, which makes it easy to modify, extend, and integrate into new modules in relation to smart contracts.

There are several services that this layer provides, such as e-wallets, reputation management, or reward systems.

Smart Contract Development Tools

NCOG Earth Chain provides a smart contract script editor through which developers can develop contracts in any language.

The language, Scala, is then compiled into bytecode by the NCOG Virtual Machine, TVM, that gives Turing completeness for high-speed transactions. It makes the development of smart contracts easy and gives full power to the developers.

NCOG Wallet

NCOG Wallet is the pioneering decentralized blockchain-based e-wallet solution. It provides robust and secure storage for digital/ cryptocurrencies and ensures protection of the cryptocurrency of end-users. 

The wallet management module enables any business to integrate its eCommerce system with any blockchain. It offers versatile features, QR scanning, multi-address management, and verifying any transactions.

Security Features: The NCOG Wallet has in place advanced security measures to ensure maximum protection of funds and personal information.
Some of these features include encryption/decryption services, address verification, and a multi-address management feature, which makes it impossible for any other activities to be affected in case one of the accounts is compromised.

Ease of Use: The wallet’s native client works with web browsers and smartphones, thereby making it user friendly.
This can be proved by the fact that the wallet’s platform is designed in such a way that its integration into all aspects of life—from payment processing to online shopping—shall be possible.

Transaction Protocols

There are several transaction protocols in NCOG Earth Chain, securing these operations in an efficient way. These transaction protocols were designed to handle the acceptance of numerous eCommerce and financial transactions applications.

Transaction Protocol: This is the mechanism that interconnects participants to ensure the execution of all purchases in a quick and safe way.

This system makes use of blockchain technology to enable transactions between agents, with very minimal use of intermediaries, therefore reducing time lags.

Smart Contract Protocol: The simple description would be that smart contracts are self-executing contracts whose terms and conditions are directly written in the code. NCOG Smart Contract Protocol empowers safe exchange and symbolism of transferable value without engaging third-party middlemen.

Such contracts allow for automatic execution according to predefined rules, hence better efficiency and reliability than traditional means.

Story Protocol: This will typically establish the reputation for all actors in NCOG. Story protocols collect data, evaluate it, then give rewards to living organisms according to their performance and reliability.

The protocol shall ensure a trustworthy and reliable setting within which the continuity of the NCOG network will be guaranteed.

Reward Protocol: This incentivizes participants to create and contribute good behavior within the ecosystem. Participants earn tokens contributing to the ecosystem, which can be used for availing discounts or improving reputation scores, among other functions.

NCOG Earth Chain Structure

The NCOG Earth Chain structure has built-in advanced data management techniques to ensure high performance and scalability.
It supports data saving while making new blocks or at times of account status changes, where Merkle trees are used efficiently for space storage and fast transaction processing.

Accounts and Smart Contracts: The NCOG Earth Chain differentiates between the externally-owned accounts and the contract accounts. The first ones, externally owned, are controlled by means of private keys, and they are able to send tokens at one’s will to any other addresses.

On the other hand, a contract account is the entity that runs according to predefined criteria, able only to execute its calls once an external party triggers later.

Distributed Applications (DApps): These would run on the NCOG Earth Chain nodes, connected with different capabilities that guarantee stability and safety of operations. 

Such applications shall be based on W3C standards, therefore establishing compatibility across different platforms, hence giving a transparent and hyperconnected environment for the apps to run on.

Data Management: NCOG Earth Chain’s unique architectural design enables optimum management of data. Every application indexes blocks of events concerning the relationship status, while the infrastructure layer ensures smooth transmission of data.
Thus, it can provide a reliable and efficient system for blockchain data storage and management.

Performance and Scalability

The NCOG Earth Chain Operational Research for Optimization is designed to take care of the problems related to scalability. It provides an enhanced speed of blocks to ensure high transaction throughput. In this respect, the chain can reach up to 300,000 TPS and therefore be allowed to upscale in several industries.

Asynchronous Processing: Blocks are asynchronously processed and validated in the NCOG protocol to distribute verification tasks among nodes. The maximum network resources are used with minimal effect due to network delays on TPS.

Event Block Processing: NCOG has estimated that it takes an event block to handle a number of transactions at once. Now, if nodes are producing and verifying event blocks simultaneously, then the TPS will become very high.

As a result, this scalability would keep the NEC efficient and reliable with the increase in the number of nodes.

Innovations and Further Plans

NCOG is devoted to following technological development and enhancing the user experience with a series of innovative launches and updates. Several key initiatives are envisioned for Q3 and Q4 2024 as part of this roadmap, including the following:

Quantum-Secure technology: Earth Chain is quantum-protected; hence, it’s future-proof against quantum computing threats by the inclusion of sophisticated quantum safety measures to ensure the safety and longevity of the blockchain.

NEC Quantum-Secure Crypto Wallet: The requirement for sound and secure digital storing of assets can be catered to by introducing an NEC wallet, which is completely quantum-safe.

Search 2 Earn NCOG Search Engine: A privacy-centric search engine in which users can earn by searching anonymously. The innovation implementing data privacy and rewards over the internet.

NCOG Ecommerce Platform: With the implementation of the NCOG Ecommerce Platform, smart shop owners will be introduced to seamless shopping backed by state-of-the-art blockchain security.

NCOG Metaverse: NCOG Metaverse is a very realistic 3D virtual world offering immersive experiences harnessed and powered by blockchain technology.

Web3 Learning and Certification Platform: This platform will be open to all; it will include courses and certification for blockchain technology and its application.

Dmail: Dmail, with its decentralized quantum email, will ensure safe and private communication. Web3ID: This identity-blockchain platform will enable an ease of management of assets and

online identities securely.

Dchat: Dchat is a quantum-safe messaging system across chains that makes the conversation of users safe.

Decentralized Insurance: The blockchain-based insurance platform shall bring transparency and safety into the insurance industry for NCOG.

The blockchain foundation for all these platforms, NCOG Earth Chain, is set to launch on July 29th 2024. 

CONCLUSION

The NCOG Earth Chain is geared toward changing the face of blockchain with next-generation features and solutions. Making a case for such pain points as scalability, security, and user incentivization, NCOG is building a robust, efficient blockchain ecosystem.

Looking forward into the future, the NCOG roadmap holds in store a number of exciting developments that will help enhance user experience and drive technological advancement in the blockchain space.