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Information about NKN (NKN)
NKN is the abbreviation of New Kind of Network – a type of peer-to-peer network connection protocol and an ecosystem built on the blockchain platform. New Kind of Network (NKN) was launched in November 2018 and was created by Singapore-based non-profit company NKN to leverage economic benefits to incentivize users to share network connections and take advantage of unused bandwidth.
New Kind of Network is designed to solve most of the Internet’s problems today, such as slow connections, complex, expensive, and vulnerable client-server models. To address these issues, NKN has launched a peer-to-peer Internet with an open connectivity infrastructure that allows application developers to build an Internet for all at a low cost, security, and global connectivity.
NKN uses a Proof of Relay (PoR) consensus algorithm, allowing participants to receive rewards by providing more network resources than they consume to maximize resource savings. In addition, NKN can transfer data quickly and efficiently by encouraging users to join the connection and providing bandwidth by encrypting the network connection.
The NKN Token (NKN) is a token of the NKN network, used to pay transaction fees and reward miners to ensure network security. In addition, NKN is also used by users to participate in governance activities, vote on essential platform decisions, and execute smart contracts on NKN’s blockchain.
News
The new version of nMobile is released
Version 1.20 of nMobile, the new kind of decentralized, secure and anonymous messaging powered by NKN blockchain technology, is released for iOS and Android. This release improves performance and stability.
nConnect live on QNAP Global Market
Leading NAS vendor QNAP is now joining hands with NKN to launch nConnect globally, an ultimate fast and secure solution for remotely access of your NAS devices.
NKN grew by 28.77% after 24h, trading volume increased by 7
With a growth of 28.77%, NKN has led the top Gainers on ONUS in the past 24 hours.
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