NKN (NKN) is a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks. Its main objective is to address the challenges faced by today's internet, such as centralization, scalability issues, and security concerns.

NKN was founded by Yanbo Li, Bruce Li, and Yilun Zhang, who have a background in networking software and blockchain technology. The project lists Stephen Wolfram and Whitfield Diffie as advisors.

NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes. NKN aims to decentralize internet infrastructure, improve scalability, and promote network security. It harnesses the collective power of the community to create a cost-effective platform for decentralized applications.

Notable use cases for NKN include content delivery systems, edge computing, secure messaging apps, and secure remote terminal access.

NKN utilizes a consensus algorithm based on Cellular Automata and a global addressing scheme based on public keys. The routing of packets is based on the Chord Distributed Hash Table (DHT).

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NKN is the native token of the NKN network. It has a maximum supply of 1,000,000,000 tokens, with 754,831,362 NKN in circulation.

NKN utilizes a mechanism called Proof-of-Relay (PoR), also known as useful Proof-of-Work. PoR rewards miners for relaying real-world (useful) data along the network, unlike traditional proof-of-work (PoW) systems.

NKN can be purchased on various centralized exchanges such as Binance, Coinbase, BYDFi, Bittrex, Huobi, Gate.io, Bitget, Crypto.com, and more.

Track NKN live prices in real-time with the CMC mobile app.

NKN (NKN), or New Kind of Network, is a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks. It aims to address challenges faced by today's internet, such as centralization, scalability issues, and security concerns.

NKN was founded by Yanbo Li, Bruce Li, and Yilun Zhang. They have a background in networking software and blockchain technology. The project lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography, as advisors.

NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes. The project aims to decentralize internet infrastructure, improve scalability, and promote network security. NKN harnesses the collective power of the community to create a cost-effective platform for decentralized applications.

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).

NKNs 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, 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 is the native token of the NKN network. It has a maximum supply of 1,000,000,000 tokens, with 754,831,362 NKN currently in circulation.

NKN utilizes a mechanism called Proof-of-Relay (PoR), also known as useful Proof-of-Work. Unlike traditional proof-of-work (PoW) systems, PoR rewards miners for relaying real-world (useful) data along the network, rather than computing hash functions.

NKN can be purchased on various centralized exchanges such as Binance, Coinbase, BYDFi, Bittrex, Huobi, Gate.io, Bitget, Crypto.com, and more.

Track NKN live prices in real-time with the CMC mobile app.