$NKN
NKN (New Kind of Network) is a decentralized project that aims to create a more open and secure internet by leveraging blockchain technology. Its native cryptocurrency, the NKN token, is used within the ecosystem to incentivize participants for sharing network bandwidth and computing resources. This facilitates the creation of a decentralized, high-performance network that aims to replace traditional Internet Service Providers (ISPs). NKN operates using a unique consensus mechanism known as the "MOCA" algorithm, which supports efficient and secure decision-making within the network.
NKN's token can be traded on several cryptocurrency exchanges, and it is part of the growing trend of decentralized networking projects. As of December 2024, the price of NKN is around $0.12, with a market capitalization of approximately $74.7 million.
