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New Kind of Network (NKN) is a public blockchain that aims to use economic incentives to motivate Internet users to share network connections and utilize unused bandwidth. NKN aims to be a network for building decentralized applications in a way that enhances peer-to-peer data transmission and connectivity.
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2.78%
37
12.12%
42
0%
40
$16.45M
1.44%
$20.73M
794M NKN
1B NKN
794M NKN
$16.45M
#951
0%
$1.31M
-5.7%
$9.18M
$35.40M
$1.54
-72.73%
NKN vs markets
↘ 83.16%
NKN vs BTC
↘ 84.21%
NKN vs ETH
↘ 82.2%
Tags
mineable
platform
enterprise-solutions
distributed-computing
+4
Network | Address | |
---|---|---|
Ethereum | 0x5Cf04716BA20127F1E2297AdDCf4B5035000c9eb |
Time | Price | Change |
---|---|---|
Today | $0.0208 | ↗ 1.72% |
1 Day | $0.0204 | ↗ 1.72% |
1 Week | $0.0214 | ↘ 3.26% |
1 Month | $0.0275 | ↘ 24.55% |
1 Year | $0.0761 | ↘ 72.73% |
NKN, standing for New Kind of Network, is a decentralized, open-source network protocol that operates on a public blockchain-based peer-to-peer (P2P) network. It seeks to address the challenges faced by the current internet, such as centralization, scalability issues, and security concerns. NKN's primary objective is to share network bandwidth and internet connectivity. The NKN network operates on a unique consensus algorithm based on Cellular Automata, which allows for system-level convergence through simple local majority rules. The NKN token is the native token of the NKN network, with a maximum supply of 1,000,000,000 tokens.
NKN operates using a global addressing scheme based on public keys, enabling 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. NKN's network security is ensured through a mechanism called Proof-of-Relay (PoR), which compensates miners for relaying real-world data along the network. This is a departure from traditional proof-of-work systems, which reward based on computing hash functions.
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Trending articles
Popularity in posts
#2064
Contributors
173
Posts
370
% About NKN
0.009%
Hold times
0 days
X (Twitter)
32.26% bullish
Sentiment
3.5 ★
Highlights
173 unique individuals are talking about NKN and it is ranked #2,064 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, NKN has an average sentiment score of 70 out of 5. Finally, NKN is becoming less newsworthy, with 0 news articles published about NKN.
On Twitter, people are mostly neutral about NKN. There were 34.64% of tweets with bullish sentiment compared to 7.37% of tweets with a bearish sentiment about NKN. 65.36% of tweets were neutral about NKN. These sentiments are based on 242 tweets.
On Reddit, NKN was mentioned in 6 Reddit posts and there were 82 comments about NKN. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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