NKN NKN
$0.11772 0.53%
Latest Updates
Updated at 22:54$88,858,875.82
#488
$9,278,101.67 27.47%
-$0.00062 0.53%
+$0.00859 7.30%
What about New Kind of Network?
NKN (New Kind of Network) is a peer-to-peer connectivity protocol that leverages blockchain technology and token economics to incentivize users to share their unused network bandwidth. By doing so, it creates a decentralized and secure network that can power a wide range of applications, from IoT devices to content delivery networks.
The NKN network is based on a set of key principles, including high scalability, low latency, and low cost. It achieves these goals by using a novel consensus mechanism called Proof of Relay (PoR), where nodes are rewarded for relaying data packets to their neighbors. This not only ensures the network's security but also enables it to handle a large number of users and devices.
One of the key features of the NKN protocol is its use of token economics to incentivize users to participate in the network. By staking NKN tokens, users can run nodes and earn rewards for relaying data packets. This creates a self-sustaining network where users are motivated to contribute to the network's growth and stability.
Another notable aspect of NKN is its focus on privacy and security. The network uses end-to-end encryption to ensure that data transmitted through it is secure and cannot be intercepted by third parties. This makes it an attractive option for applications that require a high level of security, such as online banking, e-commerce, and healthcare.
Buy NKN Without Any Hassle
Trending
+$0.39804 43.26%
+$0.02158 32.23%
+$0.00284 32.10%
+$0.00029 21.70%
+$0.0003 17.33%
+$20.488 15.13%
+$3.4888 14.56%
+$0.31571 12.06%
+$0.02487 11.48%
+$0.00417 10.39%
FAQ
What determines the price of NKN?
What was the starting price of NKN?
What was the highest price of NKN?
What was the lowest price of NKN?
Related articles about NKN
Subscribe to our newsletter to get the latest crypto insights and price updates.