NKN (NKN) Review, Price, Market Cap and more | Coinopsy

NKN (NKN) logo

NKN (NKN) - P2P Network

NKN wants to become the 3rd pillar of the blockchain infrastructure where (1) Ethereum takes care of the decentralized computing, Filecoin/IPFS does the hosting via decentralize..
NKN's current price is $0.031 USD. In the past 24 hours, NKN's price has decreased by -8.8 percents..
Name (Ticker)
NKN (NKN)
Price (USD)
$0.0306314324658
Rank
69
Active Supply
375.0 million
Total Supply
700.0 million
Max Supply
1.0 billion
Volume(24H)
4.6 million
Market cap
11.5 million
Fun Name
P2P Network
Social Links
Block Explorer

NKN (NKN) Chart

NKN (NKN) Review | Coinopsy

NKN, which stands for ‘New Kind of Network’, aims to be a new type of P2P network connectivity protocol operating as the network infrastructure for a decentralized internet.

The reason for building this new protocol is that the current internet protocols must rely on third parties, where servers can be a single point of failure, vulnerable to DNS spoofing, DDOS attacks and server downtime. Internet services can also be denied, or the user data can be hacked.

NKN (NKN) Summary

NKN wants to become the 3rd pillar of the blockchain infrastructure where (1) Ethereum takes care of the decentralized computing, Filecoin/IPFS does the hosting via decentralized storage and (3) NKN provides decentralized networking.

NKN can be compared to Substratum and Ontology, two projects that are building a decentralized internet solution. One of the first applications being built on NKN is a Smart home IoT, A proof of concept for what the team calls the “Airbnb of the Future”, a decentralized sharing economy.

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NKN (NKN) NKN Token

NKN’s economic model provides token rewards to participants who relay the traffic for other users. These incentives should encourage the community to build and share the network with others.

Early 2019, the NKN team announced the token holders would have to swap their tokens from the NEP-5 token standard (NEO) to the ERC-20 token standard (Ethereum), the reason being to improve the liquidity as well as levering the larger Ethereum ecosystem.

NKN (NKN) Decentralized

Many leading blockchain projects sacrifice trust to improve performance. For example, EOS only has 21 full consensus nodes.

NKN's networking infrastructure enables application developers to build a fully decentralized Internet. With just a few clicks, an NKN full node can easily be set up from the AWS Marketplace by deploying a fully installed and configured NKN Full Node Virtual Machine.

More than 7000 nodes are currently running on the NKN testnet.

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