What is Waves NG?

In the Waves network, the mechanism that selects which node can generate the next block is called Waves-NG. This mechanism separates the Waves blockchain into key blocks and microblocks to reduce the possibility of a fork and to improve network throughput. This is accomplished when the chosen miner node receives permission to generate the next transaction-free block by sending the key block. After the key block is sent, the node creates and sends microblocks in a mining time interval of three seconds (including transactions and reference to a previous microblock or key block). Other miners then mine these microblocks and publish them to the network.