Will NKN be a winning card in your hands?

Posted on September 21, 2018

Blockchain technology has been discussed heatedly over the past several months.The attention of various industries on how to integrate with blockchain has shown an explosive growth trend in 2018. Some scholars believe that it is another disruptive innovation following the 20-year cycle of the mobile Internet outbreak. Blockchain technology will completely reshape human social activities together with artificial intelligence (AI) and the fifth-generation of mobile communication (5G). It will realize the transition from information Internet to value Internet in the next decade. Among the many blockchain projects, NKN (New Kind of Network), a public blockchain based on tokenizing network transmission resources, has attracted many eyeballs. The significance of the NKN project is to use data transmission capabilities as a valuable resource to encourage communities to extend the range of network connections and improve data transmission capabilities. The NKN team is realizing the mainnet functions by steadily achieving milestones. Shortly after testnet v0.1 “Firefox” was released on May 26th, the second milestone called v0.3 “Lemur” was made available on August 31st.

In the whirlpool of many blockchain projects, we have seen the birth and extinction of projects come and go. Some people are busy looking for VC roadshows. Still others think about the next step of hype and marketing. However, few people really pay attention to the progress of the project or even read the white paper. Some people are watching whether NKN can become a cash cow in their hands, while others really focus on the technology and vision, helping NKN grow together. Because they know that NKN is a winning card in their hands, and when they show this card at the right time, they will be able to play the biggest effect. Why could NKN be the winning card in your hands?

Technological changes by NKN

The primary manifestation of NKN as a winning card is its technology. With the development of blockchain technology, NKN has targeted the top-level public blockchain, aiming to solve the scalability problem that are always existed. The scalability here includes two layers of meaning, one is the transaction throughput, that is, the number of transactions processed per second (TPS), and the other is the network size, that is, the maximum number of nodes that can be supported by the network. NKN addresses the latter.

In order to scale to millions of devices, NKN first proposed the cellular automata (CA) methodology as the design concept of the network layer. While the term “cellular automata” may sound confusing for some, it is actually not difficult to understand. Cellular automaton was first proposed by the American mathematician John von Neumann in the 1950s as a discrete model for simulating the self-replication of biological cells. The basic premise is that each node (cell) interacts with adjacent nodes to form a dynamic network. These nodes, while independent, use a set of network scheduling rules based on surrounding resource requirements and supply situations to make decisions. This is very close to the law of development in nature. That is, every individual is independent and evolves. Although there is no overall perspective on “God”, it will be influenced by the environment around it and affect the environment around it, so that it can be expressed through simple local individual behavior to form a complex global consensus. We call it majority voting cellular automata (MOCA) consensus. Therefore, cellular automaton has characteristics that are highly correlated with blockchain. This is also the theoretical basis for NKN to achieve a highly scalable consensus mechanism.

Secondly, NKN also implemented an overlay network, that is, a decentralized data transmission network (DDTN) to integrate together with a blockchain ledger. From a technical design architecture perspective, NKN uses a scalable structural distributed hash table (DHT). Through the careful design of DDTN, a highly reliable, secure and scalable public blockchain platform can be realized. This DDTN architecture provides the backbone of NKN’s new Internet system for solving decentralization and scalability issues.

The MOCA consensus mechanism and the DDTN design are like NKN’s two fists. They can attack from left to right, and in combination offer a knockout every time.

The innovation and technology is the outline of the NKN winning card.

Peer-to-peer community

The NKN network will consist of a million nodes. Currently, NKN has deployed more than one thousand test nodes. These nodes will be connected to and communicate with each other. The building of NKN community should also be like this, and it needs to have a large base of highly active and enthusiastic participants. In an ideal world, everyone in the community is a potential node, and what NKN really wants to do is convert our community participants into actual nodes to co-build and share the Internet in a peer-to-peer manner. Every new node added extends the NKN network, allowing it to . grow bigger and bigger all over the world.

Do you believe in the theory of six degrees of separation? This was proposed by American social psychologist Stanley Milgram. The theory is that all living things and everything else in the world are six or fewer steps away from each other so that a chain of “a friend of a friend” statements can be made to connect any two people in a maximum of six steps. In a similar way, NKN’s peer-to-peer network allows people to communicate using a small number of their peers to relay their information. Everyone can join or leave the network at will and without failure.

NKN now has more than 100,000 community members at multiple channels. People believe in NKN blockchain technology in this community. They exchange ideas and some are part of the growing community of nodes on the NKN network.. In the near future, NKN’s peer-to-peer interaction with mining will be realized by the community.

The community is the background of the NKN winning card.

Extensive applications

NKN owns very extensive application scenarios, and many investors are optimistic about the application prospects of NKN. The application is the basis of the NKN wining card.

First, NKN is able to create new profit models for traditional communications enterprise users. The traditional network hardware equipment business model mostly obtains profits by selling hardware and providing services. With the iteration of hardware equipment and the intensification of industry competition, the traditional telecommunications industry is shrinking every year, and profit is deteriorating. If the NKN relay charging mechanism is integrated into their hardware system, or for operators’ SDN networks, network resources can be scheduled through such automated charging and payment methods more efficiently and flexibly. If the network equipment is combined with the mining machine, it will be a new mode of innovation for most traditional communication companies.

Second, one can share his bandwidth and gain revenue by becoming a NKN node: co-building a network and sharing it. This is perhaps the most attractive place for NKN. Not only does the user gain revenue, but the overall network resource utilization rate also improves. In addition, NKN has a token economic model to stimulate mining ( sharing bandwidth has a certain probability to obtain additional system incentives) , which adds motivation to those who participate in the NKN network.

Next, NKN provides convenience for application developers. If you are a developer, you will love NKN. Because it helps and simplifies the development process. For developers of many existing upper-layer applications, developers need to create a network application based on CS (Client & Server) mode. This includes the efforts to build a centralized server to establish connections, store application and user data, as well as route and coordinate messages. This is obviously a complicated development process. However, NKN is a peer-to-peer network. Each node can communicate directly with each other. Data can be transmitted to any point without the need for centralized forwarding and scheduling. In essence, the use of NKN network can save the development time and cost of the proxy server, greatly reducing the developer’s workload and improving development efficiency.

The extensive application scenarios are the basis of the NKN winning card, and we believe that the future market of NKN must be broad.

Undercurrent in the blockchain industry

In the wave of blockchain development, we believe that good projects can withstand and thrive. After the big waves, there will be a small amount of gold glittering. The NKN team is constantly innovating its technology in the network built for the future, deploying and building a peer-to-peer community, while expanding its application layer and exploring market prospects. More importantly, NKN welcomes everyone who has the opportunity to become a node, share bandwidth and co-build the new Internet together.

After reading this article, I hope you have learned more about NKN. For friends who have NKN in hands, please hold it tight, because time will prove everything.