NKN price
Current price
$0.004332
−2.43% 24h
Live Updated just now
Of the exchanges we read, only Gate.io has a current price for NKN, so the price is the last trade there, with no other exchange to check it against.
Today NKN falls 2.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour 0.00%
- 24 hours −2.43%
- 7 days −12.29%
- 30 days −28.43%
- 1 year −72.05%
NKN's move in context
Lagging the market today
−2.43% in 24 hours against −1.11% for the market as a whole, a gap of 1.3 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−12.3% over 7 days and −28.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade NKN
So far we've found NKN on Gate.io, among the exchanges we read.
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About NKN
Overview
NKN, or New Kind of Network, is a revolutionary cryptocurrency designed to reshape the way the internet functions by enabling a decentralized, peer-to-peer network for data exchange. Its core mission is to empower individuals to share their internet connection and facilitate a more equitable distribution of bandwidth. Unlike traditional server-client architectures, NKN leverages a network of nodes that can dynamically route data, making the network resilient, scalable, and cost-effective. Essential distinguishing features of NKN include its focus on global connectivity, user-centric privacy, and incentivization of network participants. By integrating blockchain technology with a decentralized architecture, NKN aims to create a more robust internet experience that supports various applications, from data streaming to IoT connectivity.
Technical Features
NKN employs a unique consensus mechanism known as the NKN Consensus, which is engineered to optimize the network's efficiency and security. This mechanism uses a combination of proof-of-work and proof-of-activity, encouraging participants to actively contribute to the network while ensuring fair resource distribution. The network architecture is built on a decentralized mesh design, allowing nodes to communicate directly, bypassing traditional bottlenecks. One of the standout innovations of NKN is the use of the "cell" concept, which forms localized clusters of nodes to enhance data transmission speed and reliability. Additionally, NKN integrates various protocols and frameworks to facilitate seamless connectivity, including the NKN RPC protocol for network interaction and DHT (Distributed Hash Table) for efficient data lookup.
Use Cases
NKN has a wide array of potential use cases across various domains. In decentralized finance (DeFi), it can facilitate secure peer-to-peer transactions without needing centralized intermediaries. The platform is also poised for governance applications, enabling community participation through decentralized voting mechanisms. NKN's efficient data transfer capabilities can be leveraged for non-fungible tokens (NFTs) and digital asset management, enhancing storage and retrieval processes. Further, its architecture supports cross-border payments, allowing for low-cost international transactions. Industrial sector applications are vast, with NKN providing connectivity solutions for IoT devices, ensuring reliable and fast data transfer essential for smart city developments and automated services.
Development Background
NKN was launched in 2018 by a team of experienced engineers and entrepreneurs, with Wei Fan, Yifan Zhang, and others contributing significantly to its development. Its origins trace back to a vision of democratizing internet access, aiming to address the centralization challenges seen in traditional networks. NKN’s token, NKN, was initially made available through an Initial Exchange Offering (IEO) on major cryptocurrency exchanges. Since its inception, the project has made significant strides, launching its mainnet in 2020 and continuously fostering partnerships with various blockchain projects and tech companies to expand its reach and capability.
Community and Ecosystem
The NKN ecosystem is vibrant and diverse, comprising developers, enthusiasts, and stakeholders who actively engage in its growth. Support from the community is evident through open-source contributions and participation in community governance, allowing users to have a voice in the project’s direction. NKN has formed partnerships with several technology firms and blockchain projects, enhancing its adoption and integration across different sectors. Various applications and services are being built on top of the NKN protocol, which promotes collaboration and innovation within the ecosystem. This community-driven approach fosters an environment conducive to developing cutting-edge solutions that leverage the unique features of NKN.
Future Potential
The future potential of NKN is considerable, driven by its innovative technology and versatile use cases. As the demand for decentralized solutions continues to grow in various industries, NKN stands to benefit significantly from its mesh network capabilities. The roadmap outlines exciting upcoming features, including enhanced developer tools and more robust integrations with other blockchain platforms. The expansion of its ecosystem through new partnerships and application developments will further solidify NKN's position in the market. As internet decentralization becomes increasingly critical, NKN is well-positioned to lead the charge toward a more interconnected, user-focused digital landscape.
NKN market
- Position by market cap among the coins we track whose circulating supply is checked.
- #402
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $3.48M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $4.75K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.004256 High $0.004496
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $1.44
- Now 0% of it Reached 9 Apr 2021 · Needs +33,141% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 802.23M NKN
- 80% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B NKN
- The most coins that can ever exist. Some coins have no limit.
NKN converter
1 NKN = $0.004332
