The live price of Kyber Network Crystal v2 (KNC) today is 0.635168 USD, and with the current circulating supply of Kyber Network Crystal v2 at 179,631,223.10 KNC, its market capitalization stands at 114,096,015 USD. In the last 24 hours KNC price has moved -0.015524 USD or -0.02% while 969,747 USD worth of KNC has been traded on various exchanges. The current valuation of KNC puts it at #339 in cryptocurrency rankings based on market capitalization.
Learn more about the Kyber Network Crystal v2 blockchain network and how it works or follow the price of its native cryptocurrency KNC and the broader market with our unique COIN360 cryptocurrency heatmap.
Kyber Network Crystal v2 (KNC) is a significant upgrade to the Kyber Network, a decentralized, blockchain-based protocol that facilitates instant exchange and conversion of digital assets with high liquidity. KNC is the native utility token of the Kyber Network, playing a crucial role in its governance and operations.
The Kyber Network operates on the Ethereum blockchain, leveraging smart contracts to enable seamless transactions between parties.
As part of the Ethereum ecosystem, KNC follows the Ethereum blockchain's consensus mechanism, currently Proof of Work (PoW), transitioning to Proof of Stake (PoS) with Ethereum 2.0.
Kyber Network's unique approach to blockchain technology involves the use of dynamic reserve pools to maintain high liquidity, ensuring instant transactions at any given time.
KNC boasts several key features that make it stand out in the crowded crypto space.
Kyber Network's design allows it to scale as the ecosystem grows, handling an increasing number of transactions without compromising speed or security.
Transactions on the Kyber Network are secured by the robust Ethereum blockchain, and the smart contract framework further enhances security.
While transactions are transparent on the blockchain, user identities remain private, ensuring a degree of anonymity.
Kyber Network is fully decentralized, with no central authority controlling transactions. This decentralization extends to its governance model, where KNC holders have a say in the network's future.
The Kyber Network project is spearheaded by a team of experienced blockchain developers and entrepreneurs. The governance model is decentralized, with KNC holders able to vote on key network decisions.
Kyber Network Crystal v2 has a wide range of use cases, from decentralized finance (DeFi) applications to e-commerce. Its potential impact on the digital economy is significant, with the ability to disrupt traditional financial systems and enhance blockchain-based applications.
KNC can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and Kraken. It can be exchanged for other cryptocurrencies or purchased directly with fiat currencies on some platforms.
KNC, being an ERC-20 token, can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask, MyEtherWallet, and Ledger hardware wallets.
Kyber Network has collaborated with various blockchain projects and platforms to enhance its ecosystem and increase its reach.
The Kyber Network team has a clear roadmap for the future, with plans to further enhance the protocol's capabilities and foster greater adoption in the blockchain space.
Like any blockchain project, Kyber Network faces potential risks and challenges, including regulatory hurdles, technological obstacles, and market volatility.
Kyber Network has a vibrant and active community of users, developers, and enthusiasts who contribute to the network's growth and development.
Kyber Network is committed to complying with all relevant regulations in the jurisdictions it operates in, ensuring the project's longevity and stability.
In conclusion, Kyber Network Crystal v2 (KNC) is a promising project in the blockchain space, with a unique approach to decentralized exchanges and a strong focus on community governance. Its potential impact on the digital economy is significant, and it's a project worth watching in the coming years.
|Kyber Network Crystal v2 Price
|Yesterday's Market Cap
|Yesterday's Open / Close
|0.674151 USD / 0.658627 USD
|Yesterday's High / Low
|0.676496 USD / 0.633124 USD
-0.02% ( 0.015524 USD )