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NKN
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NKN
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1,122.87
NKN
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Explore NKN in Onchain
NKN may be available for swapping via Onchain, our official decentralised product. Try it now.
Explore NKN in Onchain
NKN may be available for swapping via Onchain, our official decentralised product. Try it now.
| Time | Price | Change |
|---|---|---|
| Today | 0.00% | |
| 1 day | +$0.000052 (1.69%) | |
| 1 week | +$0.0023 (35.45%) | |
| 1 month | +$0.0011 (14.19%) | |
| 1 year | -$0.03 (78.75%) |
Under the Hood of NKN
#NKN - Medium
3 weeks ago
Explorers
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Whitepaper
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Website
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Source Code
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Sustainability Disclosure
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Market cap
$7.15M
Rank
#1517
24H volume
$1.09M
Circulating supply
802.97M NKN
100% of total
All-time high
$1.66
-18527.5%
All-time low
$0.01
32.74%
Total supply
802.97M NKN
Max supply
1B NKN
NKN
$0.008906
+0.49%
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and 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 (more than Bitcoin or Ethereum).
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).
NKN’s consensus algorithm is based on Cellular Automata, A New Kind of Science and Ising Model, 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, in order to enable direct peer to peer communication without centralized servers. The routing of packets is based on Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.
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