The edge that pays for itself.
NKN (NKN) Price
NKN Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Binance | NKN/USDT | 0.02 | 28,307.98 | 52,464.82 | 1.44 M | 0.01 | cex | 511.64 | 7/9/2025, 6:23 AM |
| HTX | NKN/USDT | 0.02 | 303.04 | 3,906.49 | 1.16 M | 0.06 | cex | 136.00 | 7/9/2025, 6:23 AM |
| Toobit | NKN/USDT | 0.02 | 104,436.97 | 118,189.53 | 726,789.66 | 0.04 | cex | 388.00 | 7/9/2025, 6:21 AM |
| BitMart | NKN/USDT | 0.02 | 8,430.23 | 15,421.38 | 633,966.25 | 0.04 | cex | 262.00 | 7/9/2025, 6:21 AM |
| Gate | NKN/USDT | 0.02 | 26,658.67 | 36,921.09 | 604,527.05 | 0.02 | cex | 439.00 | 7/9/2025, 6:23 AM |
| Hotcoin | NKN/USDT | 0.02 | 0.00 | 0.00 | 530,919.17 | 0.07 | cex | 1.00 | 7/9/2025, 6:23 AM |
| MEXC | NKN/USDT | 0.02 | 25,961.50 | 53,855.33 | 457,097.98 | 0.02 | cex | 376.00 | 7/9/2025, 6:18 AM |
| XXKK | NKN/USDT | 0.02 | 24,970.53 | 47,064.45 | 451,230.70 | 0.03 | cex | 13.00 | 7/9/2025, 6:21 AM |
| WhiteBIT | NKN/USDT | 0.02 | 2,415.83 | 2,661.92 | 442,899.60 | 0.04 | cex | 163.00 | 7/9/2025, 6:18 AM |
| SuperEx | NKN/USDT | 0.02 | 491.29 | 559.60 | 430,713.20 | 0.00 | cex | 1.00 | 4/17/2025, 5:27 AM |
NKN FAQ
NKN (New Kind of Network) is a platform dedicated to developing a decentralized, open-source network protocol designed for public blockchain-based peer-to-peer (P2P) networks. It facilitates the sharing of network bandwidth and internet connectivity. NKN aims to address key challenges faced by the current internet landscape, including centralization, scalability issues, and security concerns.
NKN was established by Yanbo Li, Bruce Li, and Yilun Zhang, who possess expertise in networking software and blockchain technology. Notably, the project benefits from the advisory roles of Stephen Wolfram, the creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, the inventor of public-key cryptography.
The NKN Mainnet was launched in July 2019 and boasts up to 25,000 full consensus nodes. According to NKN's whitepaper, the project has three primary objectives: decentralizing internet infrastructure, enhancing scalability, and promoting network security. The overarching goal of NKN is to develop a cost-effective platform for decentralized applications by leveraging the collective power of the community. Noteworthy use cases for NKN include: Content Delivery System (contract with Chinese video giant iQIYI); Edge Computing (contract with China Mobile); D-chat (a secure messaging application); and nShell (secure remote terminal access). NKN’s consensus algorithm relies on Cellular Automata, wherein a simple local majority rule can result in system-level convergence in a few iterations. The design goal is to scale to an arbitrary number of equal consensus nodes. NKN employs a global addressing scheme based on public keys to facilitate direct peer-to-peer communication without relying on centralized servers. The routing of packets is based on the Chord Distributed Hash Table (DHT), which assigns each NKN address a random and verifiable position on the Chord DHT ring.
NKN serves as the native token for the NKN network. The token has a maximum supply capped at 1,000,000,000, with 754,831,362 NKN currently in circulation. You can find more detailed information about NKN and its market data on Eulerpool.
NKN employs a mechanism known as Proof-of-Relay (PoR), also termed as "useful Proof-of-Work." In contrast to the traditional Proof-of-Work (PoW) system, like the consensus mechanism used for Bitcoin, which compensates participants for computing hash functions, PoR rewards miners for transmitting real-world (useful) data across the network. Please refer to Eulerpool for more information.
NKN is available for purchase on numerous centralized exchanges, including Binance, Coinbase, KuCoin, Bittrex, Huobi, Gate.io, Bitget, Crypto.com, among others. Monitor real-time NKN live prices using the Eulerpool mobile app.
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