NKN News
What Is NKN ?
NKN is called “New Kind of Network, “, and it’s a project for internet rebuilding that will be safe, decentralized and dynamic, powered by community. NKN will depend on the feature called “Cellular Automata” to create many layers in the stack including application connectivity. Network decentralization and networking protocol.
Cellular Automata network operates by having equal nodes in the network, selecting a Cellular Automata rule, individual node keeping their cellular automata(CA) and lastly, individual node receiving data to update its cellular automata(CA)
NKN; project intends to achieve fair consensus and efficient without deactivating the node by improving blockchain technology. NKN is a community-driven blockchain project where every user is important. Team membership is thrown open where everyone is welcomed.
NKN believes blockchain technology transformed two technology- internet technology like Filecoin and IPFS and computing power like Ethereum and bitcoin ’proof of work systems. NKN came into the scene to blockchainize” network infrastructure.
NKN uses blockchain to maximize network resource optimization and utilization. Joining, participation, and expansion of community-driven network attract incentive.
TECHNICAL HIGHLIGHTS
Cellular Automata and Networking: secure, Dynamic, self-evolving and unpredictable.
Cellular Automata and Blockchain: Proof of Work or PoR, and efficient consensus.
Tokenizing network resource: efficient resource utilization and Shared economy.
The NKN token is the digital asset that fuels the entire ecosystem. The NKN tokens are available in some of the exchanges.
NKN Team
Members can join voluntarily. The key team members include:
- Yanbo Li-he is the founder and core developer. He co-founded Onchain.
- Bruce Zeng. Li- he is the co-founder, the head of Strategy & Innovation.
- Justin Wang– he is the co-founder, core researcher of
- Yilun Zhang- he is the co-founder, developer and also core researcher.
And many more!
Check the official website for the comprehensive list of team members and advisors.
Practical Uses New Kind of Network(NKN)
- NKN improves network connectivity via blockchain.
- Its blockchain supports the building of internet DApps.
- The NKN token is used for payment transactions within the NKN network.
- The NKN token is used for trading in the cryptocurrency exchange market.
- Network operators do route traffic using performance statistics and metrics to enhance network via NKN platform.
Mining of New Kind of Network(NKN)
The NKN token cannot be mined as at the time of writing this report. NKN tokens can be obtained through the cryptocurrency exchange market. We have few exchanges which trade NKN tokens.
Notes for Investors
NKN (NKN) is relatively unknown, many investors across the world hardly hear about it, but it’s performing well in the cryptocurrency market today. They render good services to internet users, and I foresee this making a huge impact in the rising of NKN (NKN). All the team members need to do, is to create more awareness and incentivize their product.
The current unit price of NKN (NKN) is USD 0.173784 (an increase of 2.89%), the market capitalization is USD25,408,428, and the circulating supply is 146,206,947 NKN
The market statistics show a rise in NKN (NKN)’s unit price of 2.89%.
Quick Disclaimer: This report is for information purpose, not for any endorsement to invest in NKN (NKN)’ currency. Investing in NKN (NKN) is entirely your responsibility, research and seek advice.