NKN NKN NKN
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Show Coin Info
Price
0.070536 USD
% Change
3.71%
Market Cap
55M USD
Volume
4.86M USD
Circulating Supply
780M
956% from all time low
1942% to all time high
1499% from all time low
1459% to all time high
78% are in circulation
Circulating Supply
780,511,504.931446
Max Supply
1,000,000,000

NKN Feed: Events, News & Roadmap

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NKN Events on the Chart

What is NKN?

NKN (New Kind of Network) is an open-source protocol for peer-to-peer networks, based on public blockchains, that enables participants to collectively utilize network resources and access the Internet. This project provides users with the opportunity to contribute their idle network resources to create an innovative network that facilitates data transmission and network connectivity.

The project leverages blockchain technology and tokenization to incentivize participants who provide their network resources. In this sense, it resembles other decentralized network projects such as Filecoin and Storj.

NKN utilizes a unique consensus algorithm called Proof of Relay, which allows participants to earn NKN tokens for relaying data through their network. This creates incentives for participants to enhance the network’s throughput and reliability.

Additionally, NKN is developing several applications that utilize their decentralized network to provide services such as decentralized content delivery networks (dCDNs), private VPN networks, and messengers.

The NKN token is an ERC-20 utility token that serves as an incentive and payment system for services on the network.

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