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NKN priceNKN
NKN price calculator
More cryptocurrencies calculator >NKN price live data summary
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About NKN (NKN)
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.
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How to buy NKN(NKN)
Create Your Free Bitget Account
Verify Your Account
Buy NKN (NKN)
Trade NKN perpetual futures
After having successfully signed up on Bitget and purchased USDT or NKN tokens, you can start trading derivatives, including NKN futures and margin trading to increase your income.
The current price of NKN is $0.06782, with a 24h price change of -4.27%. Traders can profit by either going long or short onNKN futures.
NKN Social Data
In the last 24 hours, the social media sentiment score for NKN was 3, and the social media sentiment towards NKN price trend was Bullish. The overall NKN social media score was 0, which ranks 944 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with NKN being mentioned with a frequency ratio of 0%, ranking 668 among all cryptocurrencies.
In the last 24 hours, there were a total of 195 unique users discussing NKN, with a total of NKN mentions of 43. However, compared to the previous 24-hour period, the number of unique users increase by 17%, and the total number of mentions has decrease by 38%.
On Twitter, there were a total of 0 tweets mentioning NKN in the last 24 hours. Among them, 0% are bullish on NKN, 0% are bearish on NKN, and 100% are neutral on NKN.
On Reddit, there were 0 posts mentioning NKN in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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