New Kind of Network Price(NKN)

NKN, or the New Kind of Network, is an open-source blockchain protocol that aims to address the problems facing the internet, such as underutilized spectrum and bandwidth, data privacy infringement, and centralized network vulnerability. By leveraging blockchain technology, NKN provides a peer-to-peer connectivity platform that incentivizes internet users to share their internet connection and bandwidth, optimizing internet bandwidth for improved speeds and lower costs.

NKN utilizes blockchain technology to optimize internet bandwidth by creating a decentralized and incentivized network. The platform uses a highly scalable consensus mechanism called Proof of Relay (PoR), which rewards miners for relaying data on the network. This encourages users to share their internet connection and bandwidth, leading to better utilization of internet resources and improved speeds at reduced costs.

The Proof of Relay (PoR) consensus mechanism used by NKN is a highly scalable and unique approach to incentivize miners who relay transmitted data on the platform. Unlike traditional proof of work (PoW) systems that reward based on computing function, PoR rewards miners for relaying useful data along the network. This mechanism is implemented through a special hash signature chain that randomly selects data samples in an uncontrollable yet verifiable way. By relaying data, miners contribute to the overall network capacity and are rewarded with NKN tokens. The amount of data relayed is directly correlated to the amount of token rewards. This PoR mechanism ensures secure data transmission that is resistant to attacks, impossible to tamper with, and massively scalable. With PoR, NKN aims to optimize internet bandwidth, improve speeds, and lower costs for users on its decentralized and incentivized network.

Currently, NKN has 91,582 full consensus nodes on its mainnet.

NKN’s nodes are significant because it demonstrates the widespread adoption and support for the NKN network. Having a large number of nodes enhances the network's capacity, reliability, and security. Each node contributes to data relay and bandwidth sharing, improving the overall performance of the network. With more nodes, users can enjoy faster internet speeds and lower costs. Additionally, the decentralized nature of the network, powered by these nodes, ensures that data transmission is secure and resistant to attacks. The high number of nodes also reflects the community's interest and participation in the NKN ecosystem. It showcases the trust and belief in the project's vision of creating a new kind of network that addresses the challenges of the current internet infrastructure.

Users can mine NKN tokens by relaying data on the NKN platform. NKN uses the Proof of Relay (PoR) consensus mechanism, which rewards miners for relaying useful data along the network. To mine NKN tokens, users need simple hardware like a home router or PC with a stable internet connection. NKN offers three mining packages to cater to users with different levels of technical knowledge: one-click solutions for beginners, NKN configuration for miners with basic knowledge of terminals, and NKN configuration and build package for advanced users.

NKN supports all major programming languages, including C++, Java, Python, JavaScript, and Golang, as well as mobile phone languages for iOS and Android. This wide range of language support makes NKN a developer-friendly network, allowing DApp developers to build faster and easier without the need to learn new programming languages or navigate different blockchain protocols and security providers.

NKN is a blockchain protocol that aims to address the challenges facing the internet, such as structure, utilization, and centralization. It utilizes a highly scalable consensus mechanism called Proof of Relay (PoR), which rewards miners for relaying data on the platform. NKN operates as a connectivity exchange for data transmission, utilizing a distributed ledger of nodes in a peer-to-peer network. The platform has a large number of nodes, similar to cell towers, which contribute to overall network capacity and provide connectivity to clients. NKN's decentralized data transmission network (DDTN) uses a Chord Distributed Hash Table (CDHT) network topology to maintain scalability and security. The platform also employs a unique voting model based on Major Vote Cellular Automata (MOCA) consensus process, which allows for faster global consensus. NKN offers various products, such as dataRide, nMobile, and nConnect, which provide users with incentivized data sharing and transmission experiences.

NKN's Proof of Relay (PoR) mechanism ensures secure and scalable data transmission by incentivizing miners to relay transmitted data on the platform. Unlike traditional proof of work (PoW) systems that reward based on computing function, PoR rewards miners who relay useful data along the network. This mechanism is implemented through a special hash signature chain that randomly selects data samples in an uncontrollable yet verifiable way. This ensures that data transmission is secure and resistant to attacks, as it is impossible to tamper with the relayed data. Additionally, the PoR mechanism allows for massive scalability, as the amount of data relayed is directly correlated to the amounts of token rewards. By utilizing this mechanism, NKN is able to create a decentralized and efficient network that optimizes internet bandwidth for improved speeds and lower costs.

NKN offers several core products that aim to revolutionize the internet and improve connectivity. These products include dataRide, nMobile, and nConnect.

dataRide is a decentralized platform that allows for fast and secure streaming, messaging, and file transfer. It incentivizes data sharing and provides a seamless data connectivity experience for various applications such as remote server control, live chat support, IoT communication, direct file transfer, and more.

nMobile is a secure and decentralized chat app powered by dataRide. It ensures privacy and security by removing centralized servers, making it ideal for security-sensitive audiences like crypto communities, finance, legal, and health professionals. It also integrates OpenAI ChatGPT for private one-on-one chats.

nConnect is a revolutionary remote access solution that enables users to access their private data remotely, even from devices protected by firewalls or gateways. It utilizes the NKN P2P relay network and provides quality tunneling nodes in over 60 countries for seamless remote access.

These core products offered by NKN demonstrate the platform's commitment to improving internet connectivity, security, and privacy through innovative blockchain technology.

The utility of the NKN Coin lies in its role as the native cryptocurrency of the New Kind of Network (NKN) protocol. It enables users to transact in digital asset transfers, pay for data transmission resources, and purchase bandwidth within the NKN ecosystem.

Users can earn NKN Coins through mining on the NKN blockchain. The platform uses a highly scalable consensus mechanism called Proof of Relay (PoR), which rewards miners for relaying transmitted data on the network. By participating in the mining process, users contribute to the overall network capacity and security while earning NKN Coins as a reward.