NKN
Name
NKN
Summary
The New Kind of Network (NKN) aims to decentralise network resources even more by allowing internet users to share connections and use idle bandwidth.
It was founded by Yanbo Li and Zheng "Bruce" Li.
It relies on a Proof of Relay mechanism.
Rating
Symbol
NKN
Overview
NKN is a public blockchain that attempts to encourage Internet users to share network connections and utilise surplus bandwidth through economic incentives. NKN aspires to create a network that facilitates the development of decentralised applications by enhancing peer-to-peer data transmission and communication.
NKN offers dataRide, a Platform-as-a-Service offering, as well as dApp SDKs. NKN has already developed a number of dApps, including nMobile (an encrypted secure mobile wallet and chat app), nCDN (a crowdsourced content delivery service), and D-chat (a server-less, secure, and private chat).
Historical Price Movement (in INR)
Technology
The consensus process used by NKN is based on Cellular Automata, A New Kind of Science, and the Ising Model, which shows that a simple local majority rule can lead to system-level convergence in a few rounds. The purpose of the architecture is to scale to any number of equal consensus nodes.
To enable direct peer-to-peer communication without centralised servers, NKN employs a global addressing method based on public keys. The Chord Distributed Hash Table (DHT) is used to route packets, and it translates each NKN address to a random and verified place on the Chord DHT ring.
NKN Foundation
17%
Purchasers
35%
Miners
30%
Developers
18%
Volume ( as of 2nd May 2022)
$8,079,333
Total Supply
700,000,000 NKN
Circulating Supply
700,000,000 NKN
Crowd Sales
19-04-2018-ICO-$12.6M
Funding
3/07/2019: Corporate Round-NA
1/08/2018: Seed Round-NA
1/03/2018:venture Round- NA
Country
USA
Name of Organisation
NKN Foundation LTD
Year Incorporated
2018
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Yanbo Li | Co-Founder | Stanford University: Engineer’s Degree, Computer Sicence, Cyber Security Graduate Certificate | 17 Yrs |
| Zheng "Bruce" Li | Co-Founder | The Australian National University: Master of Engineering, Telecommunication EngineeringShanghai Jiao Tong University: Master of Engineering, Automatic Control | 22 Yrs |
