About the token:
NKN , or New Kind of Network, is an open source protocol for public blockchain-based peer-to-peer networks for sharing network bandwidth and Internet connectivity. The project started in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram | Alpha, and Whitfield Diffie, inventor of public-key cryptography, as consultants. NKN Mainnet launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or ether ).
Notable use cases for NKN contain:
Content Delivery System (contract with the Chinese video giant iQIYI)
Edge Computing (contract with China mobile device )
D-Chat (secure messaging app)
nShell (secure remote terminal access).
NKN’s consensus algorithm is based on Cellular Automata, A New Kind of Science, and Ising Model, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to any number of equal consensus nodes.
NKN uses a global addressing scheme based on public keys to enable direct peer-to-peer communication without centralized servers. The routing of packets is based on the Chord Distributed Hash Table ( DHT ), which cards each NKN Address to a random and verifiable position on the chord DHT Ring.
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