What is NKN?
New Kind of Network (NKN) is a platform that connects peer-to-peer networks powered by public blockchain. NKN uses a incentives model to encourage users to share network connections and optimize unused bandwidth. NKN blockchains work on the Proof-of-Work (PoW) consensus mechanism.
What problem does NKN solve?
- Scalability: NKN’s new MOCA consensus algorithm is horizontally scalable and supports an arbitrary number of consensus nodes. NKN mainnet can support millions of full consensus nodes, more than Bitcoin and Ethereum.
- Processing speed: Improve processing speed, reduce latency. NKN supports all kinds of applications including real-time 3D games, AR/VR and IoT.
- Security: NKN is completely peer-to-peer and decentralized, without using centralized servers. Dramatically reduce complexity and cost, and eliminate attacks or hacks.
- Applicability: NKN allows users anywhere to discover and search for apps and services at any time.
Outstanding features of NKN
- Ease of use: NKN allows any user to easily use. The platform’s products and services are coded in multiple programming languages, making it easy for any developer to use.
- Routing optimization: NKN uses “neighborhood routing” algorithm to find the fastest possible data forwarding process.
- Privacy & Security: NKN works without using IP address directly. The data is only stored in the local devices to ensure privacy and security.
NKN’s solutions
NKN has dataRide, a product that uses a platform as a service to develop decentralized applications (dApps):
- nMobile: an “all-in-one” solution that allows decentralized chat and wallet integration; eliminates the possibility of security and privacy breaches.
- nConnect: the remote access solution with the strongest security and ultimate privacy, allowing users to access all their personal data with just one click, whenever or wherever.
- DataRide: provides custom-built solutions (e.g. nCDN or nConnect) to customers, as well as resources for developers who want to code their own apps.
Token NKN
NKN is a utility token of the NKN network, with the following uses:
- Gas fee: NKN is used to pay transaction fees in NKN’s Blockchain network.
- Rewards: NKN is used as a reward for miners to ensure the security of the network.
- Governance: NKN is used for voting, creating and executing smart contracts in NKN’s Blockchain.
NKN token Specifications
- Ticker: NKN
- Blockchain: Ethereum
- Token standard: ERC-20
- Total supply: 700,000,000 NKN
- Circulating supply: 350,000,000 NKN
NKN token Price today
How to buy NKN
NKN (NKN) has been listed on Attlas Exchange.
Traders can easily and securely buy NKN with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find NKN
Step 5: Select Buy
Summary
This article is an overview of NKN (NKN), not a financial advice.
Users are advised to do their own research before making any trading decisions.