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NKN Stock

NKN

NKN

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NKN Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BinanceNKN/USDT0.0228,307.9852,464.821.44 M0.01cex511.647/9/2025, 6:23 AM
HTXNKN/USDT0.02303.043,906.491.16 M0.06cex1367/9/2025, 6:23 AM
ToobitNKN/USDT0.02104,436.97118,189.53726,789.660.04cex3887/9/2025, 6:21 AM
BitMartNKN/USDT0.028,430.2315,421.38633,966.250.04cex2627/9/2025, 6:21 AM
GateNKN/USDT0.0226,658.6736,921.09604,527.050.02cex4397/9/2025, 6:23 AM
HotcoinNKN/USDT0.0200530,919.170.07cex17/9/2025, 6:23 AM
MEXCNKN/USDT0.0225,961.553,855.33457,097.980.02cex3767/9/2025, 6:18 AM
XXKKNKN/USDT0.0224,970.5347,064.45451,230.70.03cex137/9/2025, 6:21 AM
WhiteBITNKN/USDT0.022,415.832,661.92442,899.60.04cex1637/9/2025, 6:18 AM
SuperExNKN/USDT0.02491.29559.6430,713.20cex14/17/2025, 5:27 AM
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NKN FAQ

What is NKN (NKN)?

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.

Who Founded NKN?

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.

What Distinguishes NKN?

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.

What is the Total Circulation of NKN (NKN) Coins?

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.

How Is the NKN Network Secured?

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.

Where can you purchase NKN (NKN)?

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.

Investors interested in NKN are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.