NKN Coin is the native token of the New Kind of Network, an open-source protocol for public Blockchain-based peer-to-peer Networks to share network bandwidth and internet connection. Project launched in January 2018, Mathematica and Wolfram | It includes Stephen Wolfram, the creator of Alpha, and Whitfield Diffie, the inventor of public-key cryptography, as consultants. Detailed information about what is NKN coin, how does it work, where to buy, how much is NKN price, etc. is in the continuation of the content. For information about DENT coin, you can check here.
What is NKN coin and how does it work?
NKN Coin is the native token of the New Kind of Network, an open-source protocol for public Blockchain-based peer-to-peer Networks to share network bandwidth and internet connection. Project launched in January 2018, Mathematica and Wolfram | It includes Stephen Wolfram, the creator of Alpha, and Whitfield Diffie, the inventor of public-key cryptography, as consultants. Besides that, NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes.
NKN includes dataRide, a Platform as a Service product, and SDKs for developing dApps. NKN itself has already launched several dApps such as nMobile (an encrypted secure mobile wallet and chat app), nCDN (a crowdsourced service for content distribution), or D-chat (serverless, secure and private chat). The blockchain that underpins NKN is based on the Proof-of-Work (PoW) consensus mechanism.
NKN is a P2P networking protocol that uses tokenized economic incentives to motivate users to share unused bandwidth on the network connection. NKN coin is the native cryptocurrency of the NKN platform.
Where to buy NKN coin? How much does NKN cost?
NKN coin can be purchased on “trusted” cryptocurrency exchanges where it is listed. When choosing an exchange, it is necessary to research well, and to choose a reliable and well-known cryptocurrency exchange. The NKN coin price is around $0.36 as of August 19, 2021.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency
