Cryptocurrency technology may have the potential to change the world, but at
the moment there are only a few centralized institutions and individuals that
can control the wealth, knowledge and lives of billions.
NKN, envisions a future where people will
take decentralization for granted, where nobody will even notice that
blockchain is powering their everyday activities, and society and humanity will
benefit greatly from this transformative system.
NKN has now taken considerable steps to make their vision a reality with a
new kind of massively distributed, peer-to-peer network connectivity protocol
and ecosystem powered by a novel public blockchain. Developed by NKN, and
inspired by Dr. Stephen Wolfram's seminal work in A New Kind of Science,
this breakthrough technology is the first to utilize a unique consensus
mechanism called MOCA (Majority vOte Cellular Automata) for million-node scale,
as well as a mining algorithm called proof-of-relay that offers rewards for
relaying network data.
The team at NKN have created a reliable network with several notable
features that will bring more value to the holders, miners, and users of NKN.
"We intend to build the world's largest blockchain network, where
millions if not billions of people can participate in consensus without any
permission required. We already have over 20,000 full consensus nodes,
surpassing both Bitcoin and Ethereum, which stand at about 10,000 nodes each.
NKN is also lightweight, giving us the ability to run our full nodes on the
smallest hardware requirements including a raspberry pi or a home Wi-Fi router,
saving both cost and energy," NKN CEO and Co-Founder, Yanbo Li, said.
Additional advantages of NKN include:
- Aggregated High Speed: Nodes and clients can utilize the aggregated speed of
several routes.
- Zero Server: Fully
peer to peer and decentralized, which significantly reduces complexity and
costs, as well as removes a single point of failure and eliminates the
central honeypot for hacking.
- Unique and Global identity: Unique NKN address enables service from anywhere in the
world, at any time, helping people discover and search for applications
and services.
- Extra Security and Privacy: End-to-end and hop-by-hop encryption without public key
infrastructure or third-party certificates.
- Elastic Capacity: NKN
servers are multi-functional and leverage unused capacity, providing the
capability to scale up and down depending on demand.
Optimized for a vertical industry, NKN has already taken steps to improve
the internet experience through two of its flagship products, NKN Pub/Sub
and nCDN.
- Already
launched, NKN's Pub/Sub secure messaging service makes messaging painless
by offering a true open-source solution that is developed for quick
implementation. Decentralized for improved security (DDoS) and reliability
(no single point of failure), Pub/Sub will enable developers to build
chat, IoT, and other applications without the need to host their own
enterprise-grade messaging service.
For those looking for reliable, low latency
service at scale without exorbitant costs, nCDN is currently undergoing trials
for an upcoming launch. Having multi-CDN interoperability, and being
complementary to any traditional CDN solution, nCDN will be able to provide the
delivery network to support any video streaming service.