NKN (NKN)

Last updated 29/10/2022

What is NKN (NKN)?

An open-source system called NKN, or New Kind of Network, enables peer-to-peer networks powered by public blockchains to share network resources and Internet connectivity. Internet users are given financial incentives to share network connections and bandwidth. A decentralized platform that provides server-less communication with security and privacy and serves as the essential networking backbone for Web 3.0, the better Internet with transparent and open mechanisms.

NKN benefits include:

High Aggregated Throughput
Millions of Nodes
Zero Server
Unique and Global ID
Extra Security and Privacy
Low Latency

Examples of notable NKN use cases include:

Delivery of Content (contract with Chinese video giant iQIYI)
Edge Computing (contract with China Mobile)
D-chat (secure messaging app)
nShell (secure remote terminal access)

The Internet is in danger of losing its initial vision and soul after years of transformation. For instance, Network Neutrality has been reversed, spectrum and bandwidth aren't being used effectively, information is fragmented and subject to censorship, and privacy protection isn't as strong as it should be. These indicate the necessity for network reform.

By offering a decentralized solution based on blockchain technology and a cutting-edge network topology based on Cellular Automata, NKN seeks to address each of these issues. Cellular Automata - using a new kind of science and Ising model, system-level convergence can be achieved in a few number of iterations by using a straightforward local majority rule. Scalability to any number of equal consensus nodes is the design objective.

Team

A team of engineers known as Team NKN is committed to upending the Internet and has years of experience in blockchain and networking software. Yanbo Li, Bruce Li, and Yilun Zhang, who share the same vision and desire of creating the largest blockchain in the world for the sharing of Internet access by everybody on our planet earth, launched New Kind of Network.

Where to Store NKN (NKN)

NKN (NKN) can be both stored and transferred via Ethereum Network (ERC-20) and the NKN Network. If you are looking to store it on Ethereum network than it’s best to use any ETH compatible wallet. These include:

To store and interact with NKN tokens on NKN network, we recommend using the NKN Web Wallet.

Where to Buy and Sell NKN (NKN)

You can Buy & Sell NKN (NKN) here at BC Bitcoin.

You can Buy NKN (NKN) by heading over to the Buy Coins page of our website. NKN (NKN) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $NKN has never been easier, simply place your order and provide your wallet address. Once your payment arrives, NKN tokens will be sent directly to your wallet.

If you choose to Sell NKN (NKN), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.

NKN (NKN) Resources

Website: https://nkn.org/

Block Explorer: https://nscan.io/

Github: https://github.com/nknorg

Twitter: https://twitter.com/NKN_ORG

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.