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NKN(NKN)

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$0.122958
(2.05%)
0.00000179 BTC
Market Cap (Rank#451)
$92,812,455
1,349 BTC
Vol 24h
$3,391,080
49.2992 BTC
Circulating Supply
754,831,361.68
Max Supply
1,000,000,000

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About NKN?

The live price of NKN (NKN) today is 0.122958 USD, and with the current circulating supply of NKN at 754,831,361.68 NKN, its market capitalization stands at 92,812,455 USD. In the last 24 hours NKN price has moved -0.000146 USD or -0.00% while 4,003,633 USD worth of NKN has been traded on various exchanges. The current valuation of NKN puts it at #451 in cryptocurrency rankings based on market capitalization.

Learn more about the NKN blockchain network and how it works or follow the price of its native cryptocurrency NKN and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

NKN (New Kind of Network) is a novel, peer-to-peer network connectivity protocol and ecosystem powered by blockchain technology. It aims to revolutionize the internet by introducing a decentralized, shared, and open network infrastructure. NKN's unique approach to networking seeks to enhance network connectivity, security, scalability, and self-evolution capabilities.

Technology & Mechanism

Consensus Mechanism

NKN employs a unique consensus mechanism known as MOCA (Majority vOte Cellular Automata). This consensus algorithm combines cellular automata and the concept of ispp (information spreading protocol) to achieve efficient and secure consensus without the need for proof-of-work or proof-of-stake.

Blockchain Technology

NKN operates on its own proprietary blockchain, designed to handle large-scale network data transmission. It uses a highly scalable public blockchain combined with a decentralized data transmission network.

Key Features

Scalability

NKN's unique consensus mechanism and blockchain design allow it to scale efficiently, handling a large number of nodes without compromising performance or security.

Security

NKN's network is designed with robust security measures. Its decentralized nature and unique consensus mechanism make it resistant to common network attacks.

Privacy

NKN ensures user privacy by employing end-to-end encryption for all data transmitted over the network.

Decentralization

NKN is a fully decentralized network, with no central authority or single point of failure. This ensures the network's resilience and reliability.

Development Team & Governance

NKN is developed by a team of experienced professionals in the fields of networking and blockchain technology. The project is governed by the NKN Foundation, a non-profit organization dedicated to promoting and advancing the NKN ecosystem.

Use Cases & Potential Impact

NKN has a wide range of potential use cases, including decentralized content delivery, private networks, peer-to-peer applications, and more. It has the potential to disrupt traditional network infrastructure by providing a more secure, private, and efficient alternative.

Purchase & Storage

How to Buy

NKN can be purchased on several cryptocurrency exchanges, including Binance and Huobi. Users can trade Bitcoin or Ethereum for NKN.

Wallets & Storage

NKN can be stored in any wallet that supports ERC-20 tokens, including hardware wallets like Ledger and Trezor, and software wallets like MyEtherWallet and MetaMask.

Partnerships & Collaborations

NKN has formed partnerships with several notable companies in the tech industry, including Google Cloud, IBM, and China Mobile.

Roadmap

NKN's future plans include further development of its core technology, expansion of its ecosystem, and exploration of new use cases for its network protocol.

Risks & Challenges

Like any blockchain project, NKN faces potential risks and challenges, including regulatory hurdles, technological obstacles, and market competition.

Community & Regulatory Compliance

Community

NKN has a vibrant and active community of users, developers, and supporters. The community contributes to the project through code development, network participation, and promotion of the NKN ecosystem.

Regulatory Compliance

NKN is committed to complying with all relevant regulations and laws in the jurisdictions it operates in. It works closely with legal advisors to ensure its operations are fully compliant.

In conclusion, NKN is a groundbreaking project that aims to revolutionize network connectivity through blockchain technology. Its unique approach to networking, combined with its robust security measures and scalable design, make it a promising solution for the future of internet infrastructure.

NKN Price0.122958 USD
Market Rank#451
Market Cap92,812,455 USD
24h Volume3,391,080 USD
Circulating Supply754,831,361.68 NKN
Max Supply1,000,000,000 NKN
Yesterday's Market Cap93,288,240 USD
Yesterday's Open / Close0.123734 USD / 0.123588 USD
Yesterday's High / Low0.123747 USD / 0.11845 USD
Yesterday's Change
0.00% ( 0.000146 USD )
Yesterday's Volume4,003,632.50 USD
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