Review on NKN by Robiul Islam
NKN wants to create a freer more open version of the Internet the goal is toβ¦
NKN wants to create a freer more open version of the Internet the goal is to use blockchain technology to organize and incentivize participants to provide connectivity across a distributed network nodes are incentivized to keep the network operational through the use of digital tokens.
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Updated 5 years ago
Rating has not been changed
After more than 1 year of hard work NKN Launched Mainnet v1.0-beta with a Big Splash. There are tons of new features and improvements introduced in mainnet version 1.0 compared to most recent testnet version v0.8.4.
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Change account model from UTXO model to balance model
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Change signature scheme from ECDSA to Ed25519
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Implement a secure and verifiable public key infrastructure
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Use VRF to provide a secure random beacon per block
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NanoPay: a simple light-weighted off-chain nano payment channel
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Signature chain data structure re-de: reduce 97+% bandwidth overhead
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Highly optimized block, transaction: reduce 80+% overall bandwidth usage.
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Pros
- NKN stands for a new kind of network its goal is to be the new generation of a highly scalable self evolving and self incentivized decentralized network, the company believes that there are current problems with network neutrality censorship and the protection of private information that they would like to solve. The team is strong well-educated and has experience in the space which is very important also the fact that they have the backing of da Huang and new global capital as an investor is pretty huge.
Cons
- The roadmap that's a big one for me they're testnet isn't slated to be released until Q1 of 2019 I always say that good tech takes time but considering that there are other projects out there right now with functioning products doing something similar like substratum I see that time is going to be the major issue, crypto moves really quickly and if you're not making a headlines you're basically already old news.
