Review on NKN by David Olayide
NKN Reshaping The Internet Of Today.
NKN is most unlike anything I have ever come across throughout my cryptocurrecy career. NKN is described as a new kind of peer to peer open source network that operates a public blockchain protocol. The NKN project as I understand it, facilitates the sharing of internet connectivity and network bandwidth.
Like I said I have not really come across a project as interesting or intriguing as this before. It makes use of new technologies to implement it’s services to as many people as possible.
According to the information I found online, NKN has over 20,000 full consensus nodes, and this is higher than both Bitcoin or Ethereum, both of which have about 10,000 nodes. This will make it the biggest network with billions of people participating. The network is fully decentralized and peer to peer and this reduces complexity and costs as well as the risk of a hack. It also implements a global address system that enables direct communication and no need for centralized servers.
I have to say that NKN does sport a number of attractive features. There is no centralized server, no downtimes, it is totally decentralized and boasts of high speeds, with high security and privacy too. I agree that the project is completely innovative and has a wide range of applications in the real world. I feel that NKN needs more exposure to expand fully.
Pros
- High speed transactions with privacy
- Fully decentralized and peer-to-peer
- There are no centralized servers so there is reduced risk of hacking and downtimes
- The network is also secure.
- Wide range of application for different systems
- NKN is capable of performing and supporting more users than other large networks such as Bitcoin and Ethereum
Cons
- NKN has a limited global presence
