NKN, or New Kind of Network, is an open-source protocol for sharing network capacity and Internet access in public blockchain-based peer-to-peer networks. When forwarding data, a node validates its relay workload by appending a digital signature, which is subsequently accepted by the system via a consensus method. NKN offers dataRide, a Platform-as-a-Service offering, as well as dApp SDKs. The Proof-of-Work (PoW) consensus technique underpins the NKN blockchain.
As a tokenized unit of network connectivity and data transmission capability, NKN includes a utility token that must be utilized to access the envisioned decentralized internet.
Aside from mining and transaction fees, the NKN token can be used to purchase bandwidth-based services in the NKN ecosystem (nCDN, TUNA, and so on).
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