NKN NKN

$0.0208
Market Cap $ 4.229 MM (#422)
24h Volume $ 309.338 K
Chg. 24h: -26.69%
Algo. score 3.2/5  (#393)
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NKN project purpose and description

NKN clarity of purpose

NKN purpose and aspects

NKN (New Kind of Network) is a new project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community. NKN intend to introduce Cellular Automata to innovate on several major layers in the entire stack. First of all, the project will address the network decentralization in a broad sense, starting from application connectivity, to networking protocol. Secondly, the project intend to improve the underlying blockchain technology to achieve efficient and fair consensus without sacrificing node equality and decentralization. Finally the project will leverage blockchain to maximize network resource utilization and incentivize community driven network creation, participation and expansion.

NKN categories

Internet decentralization

Short description

NKN is the new kind of network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared Internet.

Abstract

NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology [1, 2] for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin [3] and Ethereum [4] decentralize computing power as well as how IPFS [5] and Filecoin[6] decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.

Link to Roadmap: https://www.nkn.org/doc/NKN_Introduction_en.pdf
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