The New Kind of Network (NKN) is an open-source decentralized  blockchain platform that aims to address several peer-to-peer network limitations  that have arisen over the years. Centralization, access barriers through authorization processes, scalability constraints, and financial incentives are all traditional challenges that limit the capabilities of next-generation blockchain systems. Along with the  inefficiencies of the current Internet, NKN was created to provide a new type of unlimited Internet that was globally accessible. In the same way that Bitcoin does not rely on banks or institutions to validate financial transactions, NKN seeks to allow  global  data transfers without relying on large-scale telecom monopolies. The development team cites several problems that networks can solve: inefficient use of bandwidth, rampant government censorship, and breaches of user privacy. NKN uses its own consensus mechanism called Proof of Relay (PoR). PoR encourages members to contribute to the blockchain network by sharing  connectivity and bandwidth in exchange for a reward. Mining is basically done by participating in the data transport layer. Members are rewarded for providing more network resources than they consume.

The NKN cryptocurrency represents the future of cryptocurrency thanks to its security, connection speed and amazingly fast connections on its website, and it improves almost every day. Unlike other projects that use buzzwords like "innovation" to promote their projects, NKN does a really good job in its field. He climbs the stairs slowly but surely.

The project began in January 2018, shortly after the FCC approved the repeal of net neutrality. The Internet situation at the time had enough obstacles, and NKN came up with the idea of ​​providing a worldwide network of nodes that can be connected anywhere, anytime. As of this writing, NKN is already the largest blockchain network in the world with over 101,000 nodes, while Bitcoin and Ethereum each have roughly 10,000 nodes.

For nearly three years, the NKN coin has been trading at a fairly stable price of around $0.01 to $0.05, but it has soared in April 2021 and is now up to $1.22  (more than 500% in 24 hours). It later fell to $0.6-0.7, but this is considered  a bull market and is expected to rise going forward. A 100-point technical analysis of the

NKN cryptocurrency is nearly impossible, but this advanced technical analysis tool on TradingView allows you to view aggregated real-time NKN buy and sell ratings for a selected time period. The summary for NKN / USD is based on the most popular technical indicators - moving averages, oscillators and pivots.

A 100-point technical analysis of the NKN cryptocurrency is nearly impossible, but in this advanced technical analysis tool on TradingView you can view aggregated real-time NKN buy and sell ratings for a selected time period. The summary for NKN / USD is based on the most popular technical indicators - moving averages, oscillators and pivots.

NKN Price Prediction

Below we have collected the most reliable  NKN (NKN) price predictions from popular prediction platforms.

WalletInvestor NKN Price Prediction for 2021, 2023, 2025

According to WalletInvestor, the price of NKN  will rise from $0.4242 to $0.782 per year. This makes NKN a great investment. The long-term profit potential is 84.35%. Target price by end of 2026 - $2,288.

TradingBeasts NKN Price Prediction in 2022

When asked if NKN is a good investment, TradingBeasts adamantly says yes. Looking forward to 2021, the price of this coin  is expected to rise to $0.6684371 and reach  $0.6964574 by the end of 2022.

DigitalCoin NKN price forecast for 2021, 2022, 2023, 2025.

According to DigitalCoin analysis, the price of NKN cryptocurrency will rise from $0.3390277 at its current price to $1.3739716 over the next five years. It will grow to $0.5691606 by 2022 and will continue to grow in 2023-2024. According to this forecast, NKN is a profitable long-term investment.

Summary

The New Kind of Network (NKN) is a promising project with great potential to be a viable alternative to the current state of the Internet. Decentralization makes  sense  in the crypto space. So, being able to provide a network where all  other blockchains and platforms are developed and  basically every conceivable data is transmitted from one place to another seems  very much in line with what the entire crypto industry is trying to bring. to the world. While this certainly presents the problem of competing directly  with the telecom giants, who have monopolies in most markets, it's not  much different from what Bitcoin did for the entire financial system. Whatever the outcome, this  project has been built with some of the best developers in the game, and there is plenty of room to grow an already impressive network of nodes.

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