NKNNKN NKN news

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0.05956 USD / 0.00000681
32.17% / -4.63%
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393,500 USD
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A New Kind of Network: NKN Looks to Shape the Future of the Internet Through Building the World's Largest Decentralized Blockchain Network

SAN MATEO, Calif., Aug. 6, 2019 /PRNewswire/ -- 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, (https://www.nkn.org/), 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 ...Full story available on Benzinga.com
Benzinga

NKN integrating Taxa Network for privacy-preserving, high-performance blockchain

NKN integrating Taxa Network for privacy-preserving, high-performance blockchain » CryptoNinjas NKN, a blockchain-powered P2P connectivity protocol and Taxa Network, a privacy-preserving, blockchain agnostic layer-2 infrastructure, today announced a collaboration to bring together a decentralized network with TEE-enabled confidential compute to enable a new breed of high-performance, trustless applications, and services. This strategic partnership will allow NKN to integrate Taxa’s compute environment and smart contract platform […] NKN integrating Taxa Network for privacy-preserving, high-performance blockchain » CryptoNinjas
CryptoNinjas

Blockchain investment fund BlockVC makes strategic investment in NKN

BlockGroup, the parent company of BlockVC, a $200M crypto M&amp;A fund created back in December 2018, has announced a new round of strategic investment in NKN (New Kind of Network). NKN is an open and decentralized network powered by a public blockchain. NKN use economic incentives to motivate internet users to share network connection and […]
CryptoNinjas

Narwhal: NKN’s New Mainnet Comes To Surface

Could you make a streaming service that is fully decentralized and Peer-To-Peer? The solution is relatively simple: most people don’t use their entire internet bandwidth, so tapping and sharing this excess connectivity could help run a massive content network. This is exactly what the New Kind of Network (NKN) wants to achieve, and today the project got closer to that objective by launching its mainnet, dubbed “Narwhal.” The Narwhal Mainnet is NKN’s first step to create the world’s largest permissionless public blockchain by number of nodes. The testnet already registered 13,000 full consensus nodes, and now the project hopes to scale it up to “millions if not trillions of nodes.” Ambitious dreams, or a solid platform? One of the first products is to be a massive, distributed “New Kind of Content Delivery Network” (nCDN), but that’s only part of NKN’s offering. It’s also a fully featured blockchain, supporting payments, digital assets and a communication network, which the project hopes will become the software foundation for instant messaging, web browsing, and other applications. The second product is expected to leverage this network to provide a decentralized “Publish/Subscribe” system, which can be used for anything from message boards to load balancing algorithms. This will compete with existing offerings from the likes of AWS and Google Cloud, providing a decentralized alternative for dApp developers. NKN’s consensus is based on “Proof of Relay,” a PoW-based system that rewards Miners with tokens based on their net bandwidth contribution to the network. Crypto Briefing reviewed NKN code in June of 2018, with the network being in the first alpha stage and with many stubs present in the program.  The technical aspect is just one side of the story, though. The community is just as important, and NKN is developing in that area as well. Community Proposals as a basis for future development NKN has a relatively small, but tightly-knit community based on the public forum, where a New Kind of Proposal can be made and discussed by everyone. NKPs are similar to existing Improvement Proposals for Bitcoin and Ethereum, and such proposal systems form the basis of any self-respecting decentralized network.  During the first 3 months of testing, NKN will formalize and propose two NKPs: NKP-0010 and NKP-0011, both of which related to token economics. The former introduces a new token, while the latter will introduce staking, though the details are still unclear. That sounds nice, but the Narwhal mainnet is likely to face rough seas. Unlike some blockchains, the mainnet launch was not accompanied by any big partnership announcements that could help the network find quick adoption. One can only hope that this narwhal can keep swimming without needing to struggle for breath. The post Narwhal: NKN’s New Mainnet Comes To Surface appeared first on Crypto Briefing.
CryptoBriefing

NKN Prepares For A New Kind Of Mainnet

Most internet connections are not used to their full capacity, with many users wasting their extra bandwidth while others eke their way along poor connections.  While some of us have the can afford to pay for bandwidth we don’t use, many other users are priced out of higher-tier connections. But what if you could rent out your unused bandwidth, as easily as trading a cryptocurrency token? That’s the idea behind NKN, the “New Kind of Network,” named after Stephen Wolfram’s seminal work on computational systems. Although Wolfram was not part of the founding team, he has since been recruited as a technical advisor, along with cryptography pioneer Whitfield Diffie. The project is broadly described as something a bit like IPFS, but for your router. NKN is designed to stitch together the web’s wasted bandwidth, allowing users to lend and share their connectivity in exchange for tokens. According to co-founder Bruce Li, NKN will be able to unlock another 50 or 60 percent of the web’s underutilized bandwidth. After nearly a year operating on testnet, NKN is preparing is preparing for a full launch sometime next month. But unlike most new dLT networks, this one will have comparatively few question marks: when the main net launches next month, NKN will already have a full network with thousands of mining nodes and two working products. The Amazon Strategy For Ground-Up Construction “Our approach is like Amazon,” says Li. Just as the software giant started by selling books and CD’s, Li says, NKN founders are building  their platform out from the two two sturdiest planks. That may be an ambitious comparison, but NKN’s main net will launch along with two functioning products, which are expected to drive business until the platform is sustainable. The first is nCDN, or “New Content Distribution Network,” a distributed platform where streamers and other content creators can efficiently share their content. “When you have have those nodes, very close to globally distributed, it’s very easy for us to help other people distribute content,” Li explains. At present, NKN is exploring collaborations with a Chinese streaming service to decentralize video content, but NKN is not ready to reveal which service. “The most important thing for content delivery is latency,” Li explains. “The closer you are to the edge nodes, the better performance you have. “ The second product is Publish/Subscribe messaging, a decentralized widget which can power instant messengers or the customer support chat bubbles on most online websites. “We want to build this kind of chat bubble for applications and for websites, but decentralized,” Li says. “So you don’t have to have a centralized host, you don’t have to pay a lot of money, we use all the nodes in our network to distribute that message. ” Neither of these products is particularly exciting, Li admits, but they may provide foundations  for the rest of the platform. “If you go to any sane VC, they will say startups cannot sell a platform right away,” Li says. “[These products] are not very sexy, but we can build a lasting and profitable business around [them].” Network Ready to Launch? They also also allows NKN to approach its main net launch with more confidence than most new networks. NKN already has nearly 6,000 nodes, only 114 of which are run by NKN itself. The rest are run by supporters and the community, who will be able to exchange their testnet rewards for real tokens after the main net’s launch.   At the time of writing, the NKN testnet had 5,900 nodes, 114 of which were run by NKN itself.   Unlike other blockchains, mining NKN is a comparatively simple; any kind of device can be used, from home computers and wifi routers to the simplest raspberry pi. Users are rewarded according to how much data they relay. Li estimates that the node count may increase 3-5 fold after the main net launch. As the network approaches the mainnet launch, the real work is just beginning. “For us the main challenge is really putting more traffic on it,” Li explains. Using the decentralized nCDN and Pub/Sub, the next target is to “get clients to run their real workload on it.”   The post NKN Prepares For A New Kind Of Mainnet appeared first on Crypto Briefing.
CryptoBriefing

NKN UPDATE | BlockchainBrad Exclusive | NKN Testnet V0.5 Koala | The New Internet

BlockchainBrad speaks exclusively with NKN executive team members Bruce, Yanbo & Yilun for a full Nov '18 update. We talk tech such as Koala Testnet, 4,000 node public testnet, new partners, recent innovations, exchanges and more. #NKN is not just a new decentralised internet, but it's known for its ultra openness, uberized connectivity and community co-built Network. This interview was 100% free. I was not paid in way shape of form by the anyone, including the NKN team! This is for the #crypto community! ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● New tech developments NKN Testnet V0.5 Koala is officially released - System stability & scalability improved - Over 4,000 node public testnet - nnet network stack rewritten & published - Client and Wallet SDK updated - Community contribution surges ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner. #NKN #newweb #newkindanetwork $NKN #decentralizedweb #yanboli @zbruceli #KOALA @NKN_ORG $NKN Hope you get something out of it, Brad.
Blockchain Brad

Space Cats Blockchain 3D Multiplayer Game Built on NKN Shares New Features

3D Multiplayer Game, Space Cats Built over NKN, Here are Some Notable Features In a hackathon dubbed, Serial Hacking, Space Cats was rewarded the first-place title from NKN, for its innovative “3D realtime multiplayer game project.” Having reached such a milestone, the team behind the game has officially launched its demo (for both Windows and MacOS) and it looks quite intriguing. According to the team involved, they are thrilled with working alongside NKN, this is only one that offers an “incentivized resistance-free network layer,” which is deemed as a benefit for game development and being able to create games with realtime multiplayers. Features Released by Team Server Versus Client One player will take on the role of a server, while the remaining will act as clients. Clients are responsible for giving servers the necessary inputs, while servers “send new world state” in return. The Use of Name Service The Name Service features reduces complications within a game compared to public keys. With the former, a readable name is given to the player, whereas the latter’s names using long public keys will make it harder to distinguish other players. Other Facets that Induce Excitement Space Cats can support up to eight players, which alone can get a large group together. Two new game modes have also been included, which are “Team Deathmatch” and “Capture the Flag”. Others comprise of scores, leaderboards, and customization of tanks. As for the NKN improvements that make playing Space Cats enjoyable, they have been listed as the ongoing efforts to decrease traffic on the sender side given multiple receivers present, choices to inactivate packets given a receiver is not around and smart contracts that support the sending and receiving of packets. Moving forward, the team revealed that subscriptions of API will be made available to blocks and transactions.
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Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
The Block Crypto

Binance CEO: BNB no longer reliant on reducing supply to increase value

Today, Binance exchange announced that they had completed their 9th quarterly BNB token burn in accordance with the token’s whitepaper. Over 2 million BNB worth around $36.7 million was burnt during this process. This is the second-largest burn of BNB tokens in terms of U.S. dollar value, trailing only behind their 2nd quarterly burn of 1.8 […] The post Binance CEO: BNB no longer reliant on reducing supply to increase value appeared first on AMBCrypto.
AMBCrypto

Crypto.com - OKEx Pool to Offer CRO Staking to Millions of OKEx Users

HONG KONG, Oct. 17, 2019 /PRNewswire/ -- Crypto.com has partnered with OKEx Pool to offer its staking service for Crypto.com Coin (CRO). The millions of OKEx users now can conveniently stake CRO and enjoy staking rewards on the OKEx platform. Crypto.com Chain is a high-performing blockchain powering the crypto payment solution Crypto.com Pay, which allows users to pay or get paid in crypto anywhere, thus driving cryptocurrency adoption globally. The Crypto.com Chain Thaler testnet (alpha version) was launched in September 2019. When the Crypto.com Chain Mainnet goes live, it will be entrusted with key roles on the network, including but not limited to: Execute settlement Order transactions Verify all transactions Provide an escrow ("Proof of Goods &amp; Services Delivered") service ...Full story available on Benzinga.com
Benzinga

Why Satoshi Nakamoto Created Bitcoin?

Through Innovation, everyone aims at changing the plan of action and making changes in the current condition to conduct better items or services. Productive development ought to be an important piece of one's business technique, where someone can make a culture of innovation and make a way for creative thinking. It can also increase the likelihood of one's business succeeding and can create more efficient processes that can result in better productivity and performance. Innovation and creativity are what should someone have to make a difference in the world. One of the most innovative advancement today is the creation of bitcoin. As said to this article, Bitcoin has been the preeminent cryptocurrency since its inception and continues to lead all others by a significant margin. Let’s look at some of the statistics: There are nearly 18 million BTC in circulation and, with a current price of around $8,300, that puts the market cap at over $150 billion. With a daily volume of over $15 billion, Bitcoin trades more than double the next highest-ranked cryptocurrency. To see just how significant Bitcoin is on the global market, it can be useful to look at the user numbers as well. Even though the bitcoin market already reached a legendary status in the crypto world, The creator of Bitcoin has managed to remain anonymous for over a decade. Just using Satoshi Nakamoto as a pseudonym. But why did he created bitcoin and remain unknown to everyone. One of the reasons is to solve some societal problems easily, Satoshi came up with creative answers to solve certain problems in the business. Many times an individual face problems that don’t seem to go away. The answer is to think outside the box to find an answer one never come up with. This way one can make a product, a creative solution to the problems face in the market and make one's business better. Keep in mind that thinking innovatively is the easiest way to beat competitors in the market. Just like what bitcoin did, it dominates the cryptocurrency transactions and remain the number 1 cryptocurrency on the Coinmarketcap. It seems that perhaps the achievements of bitcoin it's impossible to know the true Satoshi. He has become a larger than life character; people have heaped upon him so much of their ideas about who he should be and how he should act, that no one person can live up to the idea that Satoshi has become.
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