NKN Coin is the native token of New Kind of Network, an open-source protocol for public Blockchain-based peer-to-peer networks, facilitating the sharing of network bandwidth and internet connectivity. Launched in January 2018, the project includes Stephen Wolfram, the creator of Mathematica and Wolfram | Alpha, and Whitfield Diffie, the inventor of public-key cryptography, as advisors. Additionally, NKN Mainnet was launched in July 2019 and can accommodate up to 25,000 full consensus nodes.
Analysis of NKN Coin
When reviewing opinions on NKN coin, it is generally seen as a promising cryptocurrency. However, due to a lack of a clear upward trend in its price recently, there are concerns about a potential decline. As a result, analysts have been cautious in making price predictions, and investors are trading with caution.
NKN represents a new public Blockchain-supported end-to-end network connection protocol and ecosystem. The platform motivates internet users to share their network connections and utilize unused bandwidth through economic incentives. NKN’s open, efficient, and robust network infrastructure enables application developers to create a decentralized internet. This allows everyone to enjoy secure, low-cost, and universally accessible connectivity.
Significant use cases for NKN include:
- Content Distribution System
- Edge Computing
- D-chat (secure messaging application)
- nShell
Furthermore, the NKN platform offers its users nMobile, a mobile application combining the NKN wallet, D-Chat, NKN news, mining node monitoring, and IoT communication and control. Additionally, through d-chat, users can enjoy serverless chat for public and permissioned groups, secure and private one-on-one chats.
The platform’s nFTP service allows secure and high-speed file transfers directly between clients without any server.
Moreover, the NKN platform claims to provide additional security and privacy, garnering positive feedback from its users.
NKN Coin Price
At the time of writing, NKN is trading at $0.99 and at 0.00000154 dollars against Bitcoin. It’s also noteworthy that NKN coin hit its lowest at $0.0064 on March 13, 2020, and its peak at $0.5459 on January 2, 2018.
Additionally, there are currently 583,666,666 NKN in circulation, with expectations for this number to reach 700,000,000 NKN.
According to CoinMarketCap, NKN coin has a market capitalization ranking of 477th with a trading volume of $11,624,468.
NKN Coin Chart
After being listed on major exchanges like Binance, NKN coin has shown various price movements, but the current charts do not indicate a consistent upward trend.
Examining NKN coin charts, it is evident that the cryptocurrency initially experienced a rapid and significant increase in value, followed by a decline, and has recently been trending horizontally.
How to Buy NKN Coin?
You can safely purchase NKN coin through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
