NKN price

NKN

#556

NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes. According to NKN's whitepaper, the project has three main goals: decentralizing internet infrastructure, improving scalability, and promoting network security. Overall, the aim of NKN is to create a cost-effective platform for decentralized applications by harnessing the collective power of the community.

Notable use cases for NKN include: Content Delivery system (contract with Chinese video giant iQIYI); Edge computing (contract with China Mobile); D-chat (secure messaging app); nShell (secure remote terminal access).

NKN’s consensus algorithm is based on Cellular Automata, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to arbitrary numbers of equal consensus nodes.

NKN uses a global addressing scheme based on public keys, in order to enable direct peer to peer communication without centralized servers. The routing of packets is based on the Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.

NKN can be purchased on various centralized exchanges such as Binance, Coinbase, KuCoin, Bittrex, Huobi, Gate.io, Bitget, Crypto.com and more.

Keep track of NKN live prices in real-time with the CMC mobile app.

Read about Decentralized Applications (dApps).

Learn more about Web 3.0 with CMC glossary.

CoinMarketCap takes a deep dive into DePin (Decentralized Physical Infrastructure).