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Cryptocurrencies:  5,735Markets:  23,155Market Cap:  $272,920,485,46124h Vol:  $62,175,608,086BTC Dominance:  62.3%
Market Cap:  $272,920,485,46124h Vol:  $62,175,608,086BTC Dominance:  62.3%Cryptocurrencies:  5,735Markets:  23,155

NKN (NKN)

$0.022252 USD (1.49%)
0.00000241 BTC (1.43%)
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  • Market Cap
    $10,384,078 USD
    1,125 BTC
  • Volume (24h)
    $2,043,052 USD
    221.35617379 BTC
  • Circulating Supply
    466,666,666 NKN
  • Total Supply
    700,000,000 NKN
  • Max Supply
    1,000,000,000 NKN

About NKN

NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum).

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, A New Kind of Science and Ising Model, 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 Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.

NKN Statistics

NKN Price$0.022252 USD
NKN ROI
-94.13%
Market Rank#394
Market Cap$10,384,078 USD
24 Hour Volume$2,043,052 USD
Circulating Supply466,666,666 NKN
Total Supply700,000,000 NKN
Max Supply1,000,000,000 NKN
All Time High
$0.545913 USD
(Jun 02, 2018)
All Time Low
$0.006411 USD
(Mar 13, 2020)
52 Week High / Low
$0.067390 USD /
$0.006411 USD
90 Day High / Low
$0.031928 USD /
$0.013821 USD
30 Day High / Low
$0.031928 USD /
$0.020410 USD
7 Day High / Low
$0.024902 USD /
$0.021513 USD
24 Hour High / Low
$0.022890 USD /
$0.021554 USD
Yesterday's High / Low
$0.022890 USD /
$0.021554 USD
Yesterday's Open / Close
$0.021844 USD /
$0.022144 USD
Yesterday's Change$0.000300 USD (1.37%)
Yesterday's Volume$2,041,536 USD
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