What is NKN (NKN)?
, short for New Kind of Network, is a public blockchain that uses economic incentives to encourage internet users to share their network connections and utilize unused bandwidth. The goal of NKN is to create a network for building decentralized applications in a way that improves peer-to-peer data transmission and connectivity. NKN creates an infrastructure for a decentralized internet without intermediaries.
Who founded NKN?
NKN was founded in 2018 by Yanbo Li, Yilun Zhang, and Zheng "Bruce" Li. Yanbo Li, the CEO of NKN, has years of experience at companies such as Nokia, Siemens, and Qualcomm. Yilun Zhang, the CTO of NKN, holds a Ph.D. in physics from the University of California San Diego. Zheng "Bruce" Li, co-CEO of NKN, has extensive experience in the telecommunications sector and has also held various management positions at Google, Nortel, and Nokia.
How does NKN work?
NKN utilizes the Proof-of-Relay (PoR) consensus mechanism, where miners are rewarded for relaying useful or real-world data over the network. This ensures the efficiency and security of the NKN network. Unlike traditional blockchain networks, NKN does not use centralized servers and keeps the data only locally on the user's device, ensuring a high level of privacy and security.
What sets NKN apart?
NKN distinguishes itself by focusing on improving connectivity and data transmission on the internet. By using economic incentives, NKN encourages users to share their network connections and utilize unused bandwidth. This results in a more efficient and robust network. Additionally, NKN offers various tools and products, such as nConnect and nMobile, that further enhance the user experience.
How can NKN be used in the future?
In the future, NKN can be used for various applications, including decentralized communication, IoT connectivity, distributed cloud storage, and more. The open nature of NKN allows developers to build and launch new applications on the network, creating a wide range of possibilities for the adoption and growth of NKN.
Additional information about NKN:
- NKN has a maximum supply of 1 billion NKN tokens.
- The NKN token serves as the native utility token of the platform and is used for various purposes within the network.
- NKN has an active community of users and developers who contribute to the further development of the project.
Can I earn money with NKN?
Yes, it is possible to earn money with NKN
by sharing your network connection and utilizing unused bandwidth. You will receive NKN tokens as a reward. Additionally, developers can also build and launch applications on the NKN network, providing new opportunities to earn money with NKN. It is important to note that the value of NKN tokens can vary and investing in cryptocurrencies carries risks. It is always wise to conduct thorough research and seek advice before investing.