NKN

The New Kind of Network (NKN) token is a digital currency powering the decentralized NKN network for data transmission. It is designed to facilitate several critical functions, ensuring the smooth operation and growth of the NKN network. NKN aims to revolutionize internet data transmission by harnessing blockchain technology and decentralized networking principles, significantly boosting connectivity and streamlining data exchange.

• Total Supply:

• 1,000,000,000 NKN tokens

• Circulating Supply:

• Approximately 700 million (as of the latest update)

• ICO Price:

• Priced at 4150 NKN per 1 ETH

• Allocation:

• 10% is available for sale during ICO, 35% is for mining rewards, 17% is reserved for the NKN Foundation, and 18% is distributed to the founding team and community developers.

As of today #{today’s date}, the price of NKN is ₹0 INR or #{coinPriceUsd} USD, with a 24-hour trading volume of 2534112.02 USD. The market capitalization for NKN is 61017277.16USD. The circulating supply is 776522694.29 NKN, with the total supply also being 776522694.29 NKN.

Pros:

• Decentralization:

• NKN tokenizes network connectivity, promoting a more decentralized internet infrastructure.

• Incentive Mechanism:

• Provides economic incentives for users to share network connections and utilize unused bandwidth.

• Scalability:

• The network’s design allows for infinite scalability, supporting an increasing number of consensus nodes.

• Utility:

• NKN tokens are used for transactions within the network, including data transmission and accessing various services.

• Community Support:

• Strong community involvement and support, with a significant portion of nodes run by community members.

Cons:

• Market Volatility:

• Like all cryptocurrencies, NKN tokens are subject to market fluctuations and volatility.

• Regulatory Risks:

• Uncertain regulatory environment for cryptocurrencies can impact NKN’s adoption and value.

• Technical Challenges:

• The complexity of decentralized networks may pose technical challenges and barriers to entry for some users.

• Competition:

• Faces competition from other blockchain projects aiming to decentralize network resources.

• Adoption Rate:

• The success of NKN depends on widespread adoption and the network effect, which is uncertain.

• Innovative Technology:

• NKN’s unique approach to decentralizing network resources sets it apart from traditional internet infrastructure.

• Growing Ecosystem:

• NKN supports a wide range of applications, including IoT, AR/VR, and edge computing, indicating a broad use case.

• Strong Partnerships:

• Collaborations with significant companies like China Mobile and iQiyi demonstrate industry recognition and potential for growth.

• Active Development:

• Continuous development and updates to the network and its applications show a commitment to improving and expanding the ecosystem.

• Community Driven:

• A strong and active community contributes to the network’s security, development, and adoption.

• Decentralized Data Transmission:

• NKN focuses on decentralizing network connectivity, a niche area in the blockchain space.

• Proof of Relay:

• A unique consensus mechanism that incentivizes data transmission, enhancing network efficiency and participation.

• Global ID System:

• Simplifies navigation within the NKN ecosystem, promoting a more interconnected and accessible digital environment.

NKN addresses the centralization of internet infrastructure by creating a decentralized network for data transmission. It aims to improve the security, privacy, and accessibility of the Internet by enabling users to share network connections and bandwidth, thereby reducing reliance on centralized entities.

NKN was founded by Yanbo Li, Yilun Zhang, and Zheng Li in January 2018. The founders have backgrounds in major tech companies like Google, Nokia, and Qualcomm, bringing a wealth of experience in networking, blockchain, and software development to the project.

• ICO Price:

• 4150 NKN per 1 ETH

• Listing Date:

• April 2018

• Initial Allocated Units:

• 10% of the total supply was available for sale during the ICO.

• Technical Risks:

• Potential technical failures or security vulnerabilities could impact the network and token value.

• Competition:

• The rapidly evolving blockchain sector means NKN faces stiff competition from similar projects.

• Adoption Challenges:

• Achieving widespread adoption necessary for the network’s success is uncertain.

• Regulatory Uncertainty:

• Changes in cryptocurrency regulations could adversely affect NKN’s operations and token value.

• Market Volatility:

• Cryptocurrency markets are highly volatile, and NKN’s token price could be subject to significant fluctuations.

The NKN (New Kind of Network) whitepaper outlines a revolutionary approach to creating a decentralized network infrastructure, leveraging blockchain technology to decentralize network connectivity and data transmission. At its core, NKN employs Cellular Automata (CA) methodology and a novel Proof of Work (PoW) mechanism, which together facilitates a self-evolving, efficient, and resilient network ecosystem.

NKN’s mission is to address the limitations of the current internet infrastructure by promoting a more decentralized, secure, and user-centric model. The whitepaper details how NKN tokenizes network resources, incentivizing users to share their bandwidth and connectivity, thereby fostering a more equitable and efficient distribution of network capabilities.

The document elaborates on NKN’s three foundational pillars: decentralization, tokenized connectivity, and dynamic network evolution. These pillars are crucial for creating a robust network that can adapt to the demands of a rapidly changing digital landscape. By decentralizing network resources, NKN aims to mitigate the risks associated with centralized control, enhance network security, and ensure more equitable access to Internet services.

Furthermore, the whitepaper discusses NKN’s unique consensus mechanism, Proof of Relay, which incentivizes data transmission across the network, ensuring high efficiency and participation. This mechanism and the network’s scalable architecture allow NKN to support a wide range of applications, from IoT and edge computing to real-time 3D gaming and AR/VR experiences.

NKN’s vision extends beyond technical innovation; it seeks to create a more open, secure, and user-governed internet. The whitepaper emphasizes the importance of community involvement and the role of economic incentives in achieving this vision. By providing a detailed roadmap and discussing potential use cases, the whitepaper presents NKN as a pioneering solution that could fundamentally change the future of internet connectivity and data transmission.