Exchange NKN (NKN)
If you're looking to swap NKN, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is NKN or some fresh information about NKN’s price movements. And, of course, we provide you with the multiple NKN exchange options so that you can choose the offer with the best rates and lowest NKN fees, as well as other parameters that suit you.
NKN Price Stats
To help you make a decision about exchanging your NKN, we gathered some cold hard numbers: NKN price chart and other stats, such as NKN market cap.
24H HIGH $0.0933
NKN MARKET CAP $63,280,000
CIRCULATING SUPPLY 700,000,000 NKN
24H LOW $0.089
NKN PRICE $0.0904
24H VOLUME $187,244.716
NKN Price Chart
Here you can see the current price of NKN, as well as NKN price history.
What is NKN?
The New Kind of Network (NKN) is a decentralized open-source blockchain platform that aims to solve a series of limitations of the peer-to-peer networks that have been arising over the years. Centralization, barriers to access with authorization processes, scalability constraints, and financial motivations are all existing problems that limit the possibilities of next-generation blockchain systems. Together with the present inefficiencies of the Internet, NKN was created to provide a new type of unrestricted Internet network that can be globally accessible. Just like Bitcoin does not depend on banks or institutions to validate financial transactions, NKN wants to allow the global transfer of data without relying on big telecommunication monopolies. The development team mentions several problems that can be solved through the network – namely, inefficient use of bandwidth, rampant censorship by governments, and invasion of user privacy. NKN uses its own consensus mechanism called "Proof of Relay" (PoR). PoR encourages participants to contribute to the blockchain network by sharing their connectivity and bandwidth in exchange for rewards. Mining is essentially achieved by contributing to the data transfer layer. Participants receive rewards by providing more network resources than they consume. The NKN cryptocurrency represents the future of cryptocurrencies, due to its security, connection speed, and the great wonders of fast connectivity that it has on its website, with improvements, practically daily. Unlike other projects that use buzzwords like “innovation” to promote their projects, NKN is truly doing something remarkable in its field. It slowly but surely climbs up the ladder.
The project was launched in January 2018, soon after the removal of Net Neutrality had been approved by the Federal Communications Commission. With enough obstacles in the state of the Internet at the time, NKN came up with the idea to provide a worldwide network of nodes that could be connected to from everywhere, at any given time. At the time of writing, NKN is already the biggest blockchain network in the world with over 101,000 nodes, with Bitcoin and Ethereum having roughly 10,000 nodes each.
A Simple Way To Exchange NKN Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1450 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.