|Volume / Market Cap||0.1753|
|Total Supply||754,831,362 NKN|
|Max Supply||1,000,000,000 NKN|
NKN is currently trading at $0.0978, after a price change of 5.51% in the last 24 hours.
Ranked as cryptocurrency #261 by capitalization today, NKN market cap is valued at $73,543,849. NKN trading volume reached $12,888,854 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on NKN coin price prediction page.
What is NKN?
New Kind of Network, shortened as NKN, is a blockchain infrastructure that enables internet users to share unused bandwidth. Proof-of-Relay, a Useful Proof of Work model, incentivizes users to contribute to the network with connectivity and bandwidth in exchange for tokens. POR is dependent on complementary activities like fast and low latency relay, longer online duration. The protocol uses Cellular Automata technology to enhance decentralization and self-evolution.
NKN achieves network efficiency by equalizing all the nodes in the ecosystem. The nodes comply with the CA rules and update state in line with the set local rules. The platform uses a decentralized data transmission network for connectivity and transmission. DDTN integrates various autonomous relay nodes for clients’ enhanced connectivity and data transmission strengths.
NKN is the native token powering New Kind of Network. There are 700,000,000 circulating tokens from an equivalent total supply and a hard cap of 1 billion. The native token is used to reward the network resource providers and leverage wasted bandwidth and connectivity.
Yanbo Li, Bruce Li, and Yilun Zhang founded New Kind of Network in 2018.