NKN Network (NKN) Price

Info

Contract Address

ETH 0x5cf04716ba20127f1e2297addcf4b5035000c9eb

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About NKN Network (NKN)

NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. 

NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.

Peer-to-peer (P2P) networks currently face several major challenges, which are the opportunities for NKN. First static network topology is vulnerable to faulty and malicious attack. Second, there is no economic selfincentivized scheme for network connectivity and data transmission. Finally, network scalability is widely sacrificed to enhance controllability. These are all to be solved by the NKN as shown in Fig.

A highly reliable, secure and diverse Internet is essential to everyone. Yet, huge inefficiency exists in the current network when providing global connectivity and information transmission. It’s time to rebuild the network we want, not just patch the network we have. A fully decentralized and anonymous peer-to-peer system offers huge potential in terms of improved efficiency, sustainability and safety for industry and society.