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What is NKN (NKN)?

NKN basic info

Name:NKN
Ticker:
Introduction:

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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Current price:
All-time high:$1.48
All-time low:$0.006411

NKN supply and tokenomics

Circulating supply:782,318,200 NKN
Total supply:782,318,217.5 NKN
Max supply:1,000,000,000 NKN
Market cap:$74.61M
Fully diluted market cap:$95.37M
Token allocation:
Private Sale
35.71%
Investors
25.71%
Foundation
24.29%
Public Sale
14.29%
Tokenomics:

Uniqueness

NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes. According to NKN's whitepaper, the project has three main goals: decentralizing internet infrastructure, improving scalability, and promoting network security. Overall, the aim of NKN is to create a cost-effective platform for decentralized applications by harnessing the collective power of the community.

Notable use cases for NKN include: Content Delivery system (contract with Chinese video giant iQIYI); Edge computing (contract with China Mobile); D-chat (secure messaging app); nShell (secure remote terminal access).

NKN’s consensus algorithm is based on Cellular Automata, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to arbitrary numbers of equal consensus nodes.

NKN uses a global addressing scheme based on public keys, in order to enable 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.

Links

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What is the development prospect and future value of NKN?

The market value of NKN currently stands at $74.61M, and its market ranking is #546. The value of NKN is not widely recognized by the market. When the bull market comes, the market value of NKN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, NKN has broad market potential and significant room for development. The distinctiveness and appeal of NKN may attract the interest of specific groups, thereby driving up its market value.

What will the price of NKN be in 2025?
Based on NKN's historical price performance prediction model, the price of NKN is projected to reach $0.1521 in 2025.
What will the price of NKN be in 2030?
In 2030, the NKN price is expected to change by +4.00%. By the end of 2030, the NKN price is projected to reach $0.2006, with a cumulative ROI of +115.80%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NKN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is NKN worth investing or holding? How to buy NKN from a crypto exchange?

If you want to buy NKN, the following information may be helpful for your investment decisions:
In the last 7 days, the price of NKN has fallen by -18.61%, leading to negative returns for most NKN investors. The market is currently pessimistic about the price trend of NKN.
It is important to note that the current price of NKN has retreated by -93.57% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether NKN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NKN or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of NKN, if you want to buy or sell NKN, you can consider Bitget for your trading needs. The best place to buy NKN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in NKN has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy NKN. Here's a step-by-step guide on how to buy NKN on Bitget.

How to get NKN through other methods?

Using cash to buy NKN is not the only way to obtain NKN. If you have the time to spare, you can get NKN for free.
Learn how to earn NKN for free through the Learn2Earn promotion.
Earn free NKN by inviting friends to join Bitget's Assist2Earn promotion.
Receive free NKN airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to NKN through Bitget Convert, Bitget Swap, or spot trading.

What is NKN used for and how to use NKN?

The use case of NKN may expand as the crypto market and the project itself develop. Currently, you can use NKN to achieve the following goals:
Arbitrage by trading NKN: Since NKN is a frequently traded cryptocurrency, the price of NKN is always fluctuating. Earn more NKN by buying low and selling high on the exchange. Bitget spot market provides a variety of NKN trading pairs to fully meet your needs.
Earn by staking NKN: You can also generate income through financial management methods such as staking NKN or lending NKN. Bitget Earn offers a variety of financial products designed to help you earn more income from your NKN.
Send or pay NKN: If you want to give NKN to your friends, a charity, or a fundraiser, or you want to pay someone with NKN, you can quickly and easily send NKN to the recipient through their payment address.
You can also go to the official website of the NKN project to learn more about the use cases of NKN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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NKN resources

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NKN price calculator

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NKN
USD
1 NKN = 0.09553 USD
Last updated (UTC-0)
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