Sell NKN (NKN) for AUD

Understanding NKN

NKN (New Kind of Network) is a decentralized data transmission network that utilizes blockchain technology to create a more secure, efficient, and decentralized internet infrastructure. Launched in 2018, NKN aims to democratize network connectivity and empower users to share bandwidth and resources while earning rewards through the NKN token.

How NKN Works

NKN's network is built on a decentralized overlay network protocol that allows nodes to relay data packets and provide network connectivity. Users can contribute to the NKN network by running nodes and sharing their bandwidth and computing resources. In return, node operators are rewarded with NKN tokens based on their contributions to the network.

Advantages of NKN

By creating a decentralized and incentivized network, NKN addresses key challenges in traditional internet infrastructure, such as centralization, censorship, and privacy concerns. Its peer-to-peer architecture enables efficient data transmission and reduces reliance on centralized intermediaries. With its focus on community participation and reward mechanisms, NKN has the potential to revolutionize the way data is transmitted and shared online.