About Nkn.org

Nkn.org is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next-generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.

Basic Information

Challenges

After years of transmutation, the Internet is in danger of losing its original vision and spirit. For example, Network Neutrality is overturned [7]; spectrum and bandwidth are not efficiently utilized; information is fragmented and can be censored; privacy protection is limited. These signal that the network needs a reform. Existing solutions are not suitable for next-generation blockchain systems due to the following reasons:

• Utilize a centralized approach to improve efficiency.

• Sacrifice the scalability of the network to speed up consensus.

• Limit participation rate of nodes or require authorization to increase “security”.

• Use purely financial motivations or trusted third parties to solve problems which should be solved by mathematics and technology.

Limitations of P2P Networks

Peer-to-peer (P2P) networks currently face several major challenges, which are the opportunities for Nkn.org. A first static network topology is vulnerable to faulty and malicious attack. Second, there is no economic selfincentivized scheme for network connectivity and data transmission. Finally, network scalability is widely sacrificed to enhance controllability.

Vision

NKN intends to revolutionize the entire network technology and business. NKN wants to be the Uber or Airbnb of the trillion-dollar communication service business, but without a central entity. Nkn.org aspires to free the bits, and build the Internet company always wanted.

Objectives of NKN

NKN sets the following objectives:

• Any node can connect to this fully open network from any place

• Promote network sharing

• Secure net neutrality from network layer innovations

• Always keep network open and scalable

• Perform efficient and dynamic routing

• Tokenize network connectivity and data transmission assets and incentivize participating nodes.

A Useful Proof of Work

As the pioneering cryptocurrency, Bitcoin [3] is generated by mining, a Proof of Work mechanism that incentivizes miners to verify transactions by solving diffi- cult hashing problems. The downside of Bitcoin mining is that efficient mining requires specialized and expensive hardware and consumes a lot of energy. According to Digiconomist, Bitcoin energy consumption rate is close to 50 TWh/year at mid February 2018 and still increasing, while the number is close to 14 TWh/year for Ethereum. Electricity consumed by these two cryptocurrencies combined has surpassed the electricity usage of many countries.

Shortcomings of today’s Internet

Net Neutrality

The repeal of net neutrality policy means that Internet Service Providers can now block, throttle, and prioritize content and services as they wish.

Net Utilization Inefficiency

A huge inefficiency exists in today’s Internet since connectivity and bandwidth are not balanced between supply and demand. Ephemeral networking resource is lost every second.

Deficiency of today’s SDN

Traditional SDN (Software Defined Networks) need the centralized controller: a performance bottleneck & target for coordinated attacks paralyzing entire networks. SDN also lacks dynamic control based on real-time traffic & pricing.

Revolutionize networking and its business model

The Third Pillar of Blockchain

By blockchainizing the network layer, NKN is providing the missing third pillar of internet infrastructure. Just as Ethereum has done for computing and Filecoin for storage, Nkn.org will decentralize network connectivity and transmission.

Decentralized Connectivity Exchange

NKN is the first decentralized connectivity exchange to handle millions of micropayments for millions of users in real time.

Decentralized Software Defined Network

NKN is an emerging decentralized software defined network (SDN) at global scale. It enables network operators and enterprises to dynamically route traffic according to real time performance metrics and cost.

NKN is more than a “New Internet”

Ultra Openness

Any nodes can connect to the fully open network from anywhere. Nkn.org will always nurture network openness, true peer to peer connectivity and scalability.

Uberized Connectivity

Individuals earn token rewards by sharing idle connectivity and transmission capability. With this incentive model, NKN not only improves user experience but also becomes more stable and attack resistant as more nodes join the network.

Community Co-Built Network

Nkn.org incentivized individuals and enterprises to deploy new equipment, upgrade network infrastructure, enhance network capacity, and improve network connectivity and reliability.

Team

Member Yanbo Li Zheng “Bruce Yilun Zhang Justin Wang Allen Dixon Chris Wu

Conclusion

First, NKN is an ideal networking platform for developing decentralized applications. DApp developers can be completely focused on the creative ideas and innovations that make their products successful for end users, as well as business logic. They no longer need to worry about details of network infrastructure. Second, NKN incentive model encourages more people to join the network to share and enhance network connectivity and data transmission, changing the entire network structure and creating a huge market. NKN is targeting the trillion-dollar telecommunications business, and aim to provide better connectivity to everyone by incentivize the sharing of unused networking resources, expanding and revolutionize the sharing network.

[su_quote]This article is writing on 24 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258[su_quote]

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