NKN

NKN Price

About NKN (NKN)

NKN is a decentralized network infrastructure designed to power a peer to peer Internet through a horizontally scalable blockchain protocol.

• Utilizes the MOCA consensus algorithm to support millions of full consensus nodes globally.
• Implements proximity routing to ensure data travels via the fastest and most efficient network paths.
• Provides a serverless architecture that removes single points of failure and enhances user privacy.

What Is NKN

NKN is a network connectivity protocol that incentivizes users to share bandwidth and network connections. By leveraging blockchain technology, it creates an open and decentralized ecosystem where internet users can participate in relaying data and providing connectivity. The project is a prominent example of a DePIN (Decentralized Physical Infrastructure Network) designed to decentralize internet services.

Value moves through the system as users provide relay services and bandwidth to the network, for which they are rewarded with NKN tokens. This incentive model encourages the growth of the network's capacity and coverage. The NKN token is put to work as the primary medium for paying transaction fees, rewarding node relayers, and accessing specialized ecosystem services. While the project initially launched as an ERC-20 token on the Ethereum network, it has since migrated to its own native mainnet. As more nodes join the network, the infrastructure scales horizontally, increasing total throughput and resilience without compromising decentralization.

What Makes NKN Unique

• MOCA Consensus: A unique algorithm based on cellular automata that allows the network to scale to millions of nodes without performance degradation.
• Proximity Routing: A dynamic path selection mechanism that optimizes for latency and speed across a global network of relayers.
• Aggregated Throughput: The ability to combine multiple network routes to significantly increase data transfer speeds for clients and applications.
• Serverless Architecture: Enables developers to build applications without the need for centralized servers, reducing costs and operational complexity.

What Can You Use NKN for?

• Decentralized Communication: Powering end-to-end encrypted messaging and voice/video calls through the nMobile application.
• Secure Remote Access: Utilizing nConnect to provide encrypted, serverless access to private data and devices from any location.
• Content Delivery: Supporting decentralized CDN services (nCDN) that improve the efficiency of video streaming and large-scale data distribution.
• Application Development: Leveraging multi-language SDKs to build decentralized applications (dApps) that require robust, real-time networking.

How Does NKN Work?

NKN operates as a Layer 1 blockchain that uses a Proof of Relay mechanism to verify the transmission of data through the network. In this system, nodes are rewarded based on the quantity of data they successfully relay, ensuring that the network remains performant and reliable.

The network's consensus is achieved through the Majority Consensus Automata (MOCA) algorithm, which allows nodes to reach agreement by communicating only with their immediate neighbors. This localized communication pattern enables the network to scale to an arbitrary number of nodes, theoretically supporting millions of participants. Transaction fees on the network are paid in NKN tokens, which serve as the native gas required for executing onchain operations and rewarding the infrastructure providers.

Team Info and Investors

NKN was founded in 2018 by Yanbo Li, Zheng "Bruce" Li, and Yilun Zhang, who brought expertise in networking software and blockchain architecture. The project's advisory board includes notable figures such as Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, a pioneer in public-key cryptography.

The project has secured backing from several prominent venture capital firms and institutional investors, including Block VC, Arrington XRP Capital, Genesis, and Fenbushi Capital. Additionally, NKN has established strategic partnerships with major technology companies and telecommunications providers, such as iQiyi and China Mobile, to integrate its decentralized networking solutions into large-scale commercial applications.

Where can you buy NKN?

NKN tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade NKN is MEXC, where the most active trading pair NKN/USDT has a trading volume of $55,471.36 in the last 24 hours. Other popular options include CoinEx and Coinbase Exchange.

What is the daily trading volume of NKN (NKN)?

The trading volume of NKN (NKN) is $99,781.60 in the last 24 hours, representing a 11.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NKN (NKN)?

NKN (NKN) reached an all-time high of $1.44 and an all-time low of $0.004631. It’s now trading -99.60% below that peak and 24.60% above its lowest price.

What is the market cap of NKN (NKN)?

Market capitalization of NKN (NKN) is $4,625,000 and is ranked #1650 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NKN tokens (800 Million tokens are tradable on the market today).

What is the fully diluted valuation of NKN (NKN)?

The fully diluted valuation (FDV) of NKN (NKN) is $4,625,989. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion NKN tokens are in circulation today. Depending on how the emission schedule of NKN tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of NKN compare against its peers?

With a price increase of 1.40% in the last 7 days, NKN (NKN) is outperforming the global cryptocurrency market which is down -2.00%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add NKN (NKN) to MetaMask?

Adding NKN (NKN) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NKN as a token. You can copy NKN’s contract address (0x5cf04716ba20127f1e2297addcf4b5035000c9eb) and import it manually, or if you've installed MetaMask's chrome extension, add NKN to MetaMask with one click on CoinGecko.

Add NKN to MetaMask.