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NKN

NKN (NKN)

$ 0.01
1.63 %
Main info
News
Comments
Markets
Analytics
Market cap
$5.28M
1.63 %
Volume (24h)
$151.38K
1.63 %
Circulating supply
805,939,566 NKN
Total supply
792,507,661 NKN
Max. supply
1,000,000,000 NKN

About NKN

Introduction to NKN

NKN is the new kind of network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared Internet. We motivate users to share network connections, service providers to utilize unused bandwidth, and developers access to global peer to peer networking stack.

Challenges and Goals

NKN’s goal is to revamp the $1.4 trillion communication business, where we face many challenges today such as inefficient resource utilization, lack of net neutrality, and centralized network control.

Technology and Innovations

By blockchainizing the network layer, NKN is providing the missing third pillar of internet infrastructure just as Ethereum has done for compute and ipfs for storage. Our core technical innovations are dynamic routing, Proof of Relay, highly scalable consensus, and token reward mechanism.

Team and Advisors

NKN is founded by Yanbo Li, former co-founder of Onchain and advised by Dr. Whitfield Diffie, the father of modern public key cryptography and 2015 Turing Award winner. NKN core team members come from Ex-Google, Qualcomm, Nokia, Amazon, and Baidu.

Key data

updated $0
Market cap$5.28M
Volume 24h$151.38K
Circulating supply805.94M81% of max 1B
All-time high$1.44-100% from peak · 2021-04-09

NKN (ticker: NKN) is a decentralized blockchain project focused on creating a peer-to-peer network infrastructure. It aims to enable decentralized communication and data transfer by incentivizing users to share their bandwidth and connectivity. The project leverages a unique consensus mechanism called Proof of Relay (PoR).

Frequently asked questions

What is NKN and how is it different from other cryptocurrencies?

NKN is a blockchain project focused on decentralized communication, unlike most cryptocurrencies that prioritize financial transactions. Its Proof of Relay (PoR) consensus incentivizes users to share network resources, creating a decentralized internet infrastructure.

How does NKN's Proof of Relay (PoR) consensus work?

Proof of Relay (PoR) rewards users for relaying data across the network, ensuring efficient and decentralized communication. Participants earn NKN tokens by contributing bandwidth and maintaining network connectivity.

How is NKN's coin supply structured?

NKN has a fixed hard cap of 1 billion coins, ensuring scarcity and predictability. The tokens are distributed through mining rewards, ecosystem incentives, and network participation.

How can I store and use NKN tokens?

NKN tokens can be stored in compatible wallets that support ERC-20 tokens or NKN's native wallet. They are used to pay for network services, incentivize participation, and facilitate decentralized communication.