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Home Wallets NKN Wallet Review : Network Infra for Decentralized Internet

NKN Wallet Review : Network Infra for Decentralized Internet

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About NKN 

NKN bills itself as a ‘new kind of P2P network connectivity protocol’ that is powered by a public blockchain. NKN is used to incentivize Internet users to share their network connection and unused bandwidth. NKN’s describes its networking infrastructure as ‘open, efficient, and robust’, thereby enabling application developers to build the decentralized Internet. Whitfield Diffie, inventor of public key cryptography (Diffie-Hellman) and 2015 Turing Award winner, and Stephen Wolfram, Founder and CEO of Wolfram Research, are listed on their publications as advisors for the project.

Network Infra for Decentralized Internet

NKN is the new kind of P2P network connectivity protocol & ecosystem powered by a novel public blockchain. They use economic incentives to motivate Internet users to share network connection and utilize unused bandwidth. NKN’s open, efficient, and robust networking infrastructure enables application developers to build the decentralized Internet so everyone can enjoy secure, low cost, and universally accessible connectivity.

Why

Client-Server model is expensive, complex, and prone to failure & attack

Today most of the communication need to go through a centralized server, where it can be blocked or sabotaged, hacked into, or eavesdropped on.

Inefficient Network utilization results in waste of resource

Current Internet were designed for peak traffic but most of the time these networks are underutilized, leaving unused bandwidth wasted every second.

Centralization of blockchain systems diminish trust

Recently there are major blockchain projects using a handful of centralized servers to carry out consensus in the name of increasing transaction speed. This sacrifices trust and security, and diminished the technical and economic strength of a true permissionless blockchain system.

NKN advantage

Millions of nodes

novel MOCA consensus algorithm that is horizontal scalable and supports arbitrary number of consensus nodes. The testnet had 5,878 consensus nodes which is only behind Bitcoin and Ethereum.

Aggregated high speed

nodes and clients can utilize aggregated speed of several routes. Adding more NKN nodes in the network can horizontally scale up throughput for the entire network.

Zero server

fully peer to peer and decentralized, no need to develop and run centralized servers. Significantly reduce complexity and costs, as well as remove single point of failure and remove the central honeypot for hacking.

Unique and global ID

unique NKN address enables service from anywhere in the world at any time; help people discover and search for applications and services.

Extra security and privacy

end-to-end and hop-by-hop encryption without Public Key Infrastructure or 3rd party certificates.

Low latency

support all applications including real-time 3D gaming, AR/VR, and IoT. Support edge computing and optimized routing. NKN’s data transmission is off-chain and not limited by consensus speed.

Wallet

End-to-end and hop-by-hop encryption without Public Key Infrastructure or 3rd party certificates.

NKN Wallet

Tips for securely storing your NKN

  • Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
  • Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
  • Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
  • Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
  • Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
  • Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.

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Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 2100+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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