In this NKN crypto review, you’ll learn more about the New Kind of Network—an open-source P2P protocol that lets users share their network connection and bandwidth in exchange for NKN token rewards. NKN is an ERC-20 token built on the Ethereum blockchain. The project was launched in 2018, with an initial supply of 1 billion tokens.
Pros:
- Open-source project
- Strong team members
- Thousands of nodes
- Private and secure
Cons:
- Overwhelming pack of features
- Poor use case of the NKN coin
A Comprehensive List of NKN Coin Features
Let’s take a look at what NKN offers and how complex its features are. This NKN crypto review will help you understand what NKN does and how you can use it to earn cryptocurrency.
Easy to Use
According to the official NKN website, this project is open-sourced, and the code is available in multiple programming languages. This helps every developer use it to the full extent.
Optimized Routing
NKN also offers optimized routing, which means that its algorithm will always find the shortest and fastest way for the data to reach the destination. If the project continues to develop in this manner, it will be one of the reasons the NKN coin price might increase in the future.
Private and Secure Delivery
When it comes to security while using NKN, know that all the information is stored on the local device. NKN operates without using your IP, which provides you the ultimate privacy and security while using its network.
Thousands of Nodes
NKN uses Majority Vote Cellular Automata (MOCA), a highly scalable consensus algorithm. MOCA helps NKN support thousands of full consensus nodes. If you’ve wondered “how big is the NKN network”, know that it’s larger than the Bitcoin or Ethereum network. It’s also decentralized and always available.
High Speed
NKN users can also utilize the aggregated speed of several routes. Furthermore, adding nodes to the network can scale throughput for all while keeping the load balance.
Zero Server
NKN is fully peer-to-peer and decentralized, meaning it doesn’t use any centralized servers, according to NKN crypto news. This helps reduce the costs and complexity of operations. Additionally, the zero server approach removes the single point of failure, which additionally secures the network from hacking events.
Unique and Global ID
NKN has unique global addresses that allow you to use the NKN features from anywhere in the world. It also helps others learn more about reliable data transactions and global communication.
Extra Security
Since NKN doesn’t use central certificate authority but has end-to-end and hop-by-hop encryption without Public Key Infrastructure, it’s extra secure and private.
Low Latency
According to the NKN Reddit, this Network supports all sorts of applications. It’s especially handy for AR, VR, and real-time 3D gaming, but it also works well with edge computing.
Build Your Software Tools
NKN also offers a software development kit in the following programming languages:
- JavaScript
- Golang
- C++
- Java
- Python
- iOS/Android
nMobile
Besides offering multiple features that help users earn NKN while sharing unused bandwidth, NKN also has nMobile—a 100% decentralized, anonymous, and secure messenger. This mobile app also works as an NKN wallet where you can manage NKN tokens, send them to other users, and keep them safe.
nConnect
NKN offers an nConnect feature, which helps you establish a secure remote connection to your computer. Sync your smartphone via the nConnect app, and you’ll be able to access your files at any time, regardless of your location.
nConnect supports both TCP and UDP transmissions and works via 30,000 servers in more than 40 countries.
DataRide
The DataRide feature is another reason for the positive NKN crypto prediction. This is a decentralized Platform as a Service (PaaS) tool that allows for fast, reliable, secure, and affordable messaging, streaming, and file transfer among:
- Person to person
- Machine to person
- Machine to machine
DataRide can be used for:
- Chat
- IoT communications
- Live chat support
- Remote control of servers
- Security camera control
- Direct file transfer
This feature is likely to be used by developers to produce applications.
NKN Crypto Price Prediction
As with other cryptocurrencies, you might wonder how the NKN token’s price will change and if there’s a future for this project. According to what the platform offers, it seems there could be some valid use cases for the coin.
Additionally, the project founders previously worked in tech companies like Google, Nokia, and Qualcomm, which means they’re likely to have the technical expertise to helm a legit project.
However, the NKN price prediction on Reddit is from a year ago, which might mean that the community moved on from investing in this coin. Still, NKN formed a partnership with China Mobile in March 2020. The companies are supposed to work on projects before the launch of 5G.
Additionally, the video-streaming platform iQiyi, which is owned by Baidu, also partnered with NKN with the goal of boosting the platform’s speed and reducing energy consumption. This might increase the NKN market cap in the future.
Still, keep in mind that you must do your own research before investing in any cryptocurrency, as the market can’t be predicted.
Pricing on NKN
Now we’ll explore which features you’ll have to pay for if you wish to use the NKN platform and tools.
How to Use NKN?
You can start exploring NKN via the nMobile, nConnect, and DataRide features. This will help you learn what NKN is and get you set up. The nMobile feature is completely free, and it’s one of the features that lets you use the NKN token.
DataRide offers a freemium subscription, which comes with a free trial and low deployment costs, which is a great benefit for developers. What’s more, DataRide has no proprietary platform lock-in. nConnect feature’s pricing plans start at $3.99 or 25 RMB per month for up to 40 GB.
Where to Buy NKN Coin
If you wish to invest in NKN, you can purchase the token online on several exchanges:
- crypto.com
- Cryptology
- Coinbase
- Binance
Keep in mind that NKN is an ERC-20 token, which means you might have to swap it for a native coin in the future.
NKN Customer Service and Reliability
If you have any questions or need support, you can contact NKN via email at [email protected]. You may also visit the official Telegram channel, forum, or Discord and discuss your issues with the community.
At the moment of writing this review, we couldn’t find another NKN crypto review besides the ones on Reddit, and even those were outdated.
Why Use NKN
Based on our NKN crypto review, NKN is mostly useful to developers as it offers open-source solutions for building applications. It’s especially handy for AR and VR enthusiasts and gamers. Additionally, NKN allows you to share your unused bandwidth and earn NKN tokens. One of the top products NKN offers is a private and secure mobile chat, which is free to use.
FAQ
Based on the community signals, market sentiment, and the team behind the project, the NKN cryptocurrency seems legit. The project was mentioned on the Binance blog as well. The only issue with NKN is that the team fell silent for about two years.
As always, you’re advised to conduct in-depth research before you invest in any cryptocurrency on the market, and the same goes for the NKN token.
The NKN token had one price jump in 2021, and the market settled down for a while. Based solely on what the project offers, the use cases, and solutions, NKN could be a good investment and bring solid ROI long term.
However, even after some great partnerships in 2020, the community of this token remained barely active, mostly discussing trades and waiting for the ERC token swap.
The future of the NKN platform and token depends on the new players in the industry. If another similar project pops up, it could replace NKN and drop the token’s price. So far, the official website is still active, and the token is trading at a solid price.
However, if you were to look at the project’s Reddit, it’s been a few years since the team’s last announcement, so it remains to be seen what will happen with the project.
Based on what this project offers, NKN can be good crypto to invest in. Currently, most people in the community are waiting for the token swap and the mainnet to launch, so you might still get in early.
On the other hand, no one knows what the market fluctuations will bring, and this project might easily get replaced by a similar one with more use cases. To conclude our NKN crypto review, there’s still room for the growth of this token.