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NKN

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NKN
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1 NKN = 0.06679 USD
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What is NKN (NKN)?

A network called NKN, or New Kind of Network, aims to establish a protocol for peer-to-peer (P2P) networks on public blockchains that is decentralized and open-source. The network's primary goal is to address issues currently faced by the internet, including centralization, scalability issues, and security concerns, by sharing network bandwidth and internet connectivity.

Who are the Founders of NKN?

Yanbo Li, Bruce Li, and Yilun Zhang founded NKN. They possess expertise in networking software and blockchain technology. The project has enlisted Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography, as advisors.

How does NKN (NKN) Work?

NKN is a blockchain project that aims to decentralize internet infrastructure, improve scalability, and promote network security. Its mainnet was launched in July 2019 and currently has up to 25,000 full consensus nodes. Through harnessing the collective power of the community, NKN hopes to create a cost-effective platform for decentralized applications. Notable use cases for NKN include a content delivery system with Chinese video giant iQIYI, edge computing with China Mobile, a secure messaging app called D-chat, and secure remote terminal access with nShell.

NKN's consensus algorithm is based on Cellular Automata, which allows for system-level convergence in a small number of iterations using a simple local majority rule. Its design goal is to scale to arbitrary numbers of equal consensus nodes. NKN uses a global addressing scheme based on public keys, which enables direct peer-to-peer communication without centralized servers. The routing of packets is based on the Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.

How is the NKN Network Secured?

NKN employs a unique approach called Proof-of-Relay (PoR), also known as "useful Proof-of-Work." In contrast to conventional proof-of-work (PoW) methods, like the consensus mechanism implemented on Bitcoin, which incentivizes miners to compute hash functions, PoR rewards miners for relaying practical data across the network.

Conclusion

The fusion of blockchain technology and networking infrastructure is NKN's unique contribution to the cryptocurrency industry. Its decentralized and incentivized ecosystem encourages user participation in creating a safer and more effective internet. NKN's innovative features and applications make it a significant player in shaping the future of networking and communication, especially as the world continues its digital transformation.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-4.76%-5.20%-5.10%-2.80%-28.31%-44.34%

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coin_market.timecoin.lowcoin.high
24h$0.06648$0.07019
7d$0.06417$0.07319
30d$0.06417$0.08328
90d$0.04829$0.09047
1y$0.04829$0.2196
coin_market.all_time$0.006411(2020-03-13, coin_market.years_ago )$1.48(2021-04-09, coin_market.years_ago )

coin.market_info

coin_market.cap
$52,120,068.52
-4.76%
coin_market.fully_cap
$66,792,456.28
-4.76%
coin_market.volume_24h
$2,530,163.96
-35.01%
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coin_market.circula_rate
+99.00%
coin_market.volume_cap
0.0485
coin_market.circula_supply
780,328,640 NKN
coin_market.total_max_supply
780,328,669.13 NKN
1,000,000,000 NKN
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3
coin_price.social_score(24h)
0(#944)
coin_price.social_contributors(24h)
195
+17%
coin_price.social_mentions(24h)
43(#668)
-38%
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0%
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0
0%
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0%
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100%
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0%
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0
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0
0%
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0
0%

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PHOENXCORP
PHOENXCORP
insight108/750
249.16%
price_sidebar.roi
price_sidebar.total_pnl $969,025.23
buylow
buylow
insight397/500
155.39%
price_sidebar.roi
price_sidebar.total_pnl $3,860,531.29

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