Blockchain
A New Kind of Network: NKN Looks to Shape the Future of the Internet Through Building the World’s Largest Decentralized Blockchain Network
Cryptocurrency technology may have the potential to change the world, but at the moment there are only a few centralized institutions and individuals that can control the wealth, knowledge and lives of billions. NKN, (https://www.nkn.org/), envisions a future where people will take decentralization for granted, where nobody will even notice that blockchain is powering their everyday activities, and society and humanity will benefit greatly from this transformative system.
NKN has now taken considerable steps to make their vision a reality with a new kind of massively distributed, peer-to-peer network connectivity protocol and ecosystem powered by a novel public blockchain. Developed by NKN, and inspired by Dr. Stephen Wolfram’s seminal work in A New Kind of Science, this breakthrough technology is the first to utilize a unique consensus mechanism called MOCA (Majority vOte Cellular Automata) for million-node scale, as well as a mining algorithm called proof-of-relay that offers rewards for relaying network data.
The team at NKN have created a reliable network with several notable features that will bring more value to the holders, miners, and users of NKN.
“We intend to build the world’s largest blockchain network, where millions if not billions of people can participate in consensus without any permission required. We already have over 20,000 full consensus nodes, surpassing both Bitcoin and Ethereum, which stand at about 10,000 nodes each. NKN is also lightweight, giving us the ability to run our full nodes on the smallest hardware requirements including a raspberry pi or a home Wi-Fi router, saving both cost and energy,” NKN CEO and Co-Founder, Yanbo Li, said.
Additional advantages of NKN include:
- Aggregated High Speed: Nodes and clients can utilize the aggregated speed of several routes.
- Zero Server: Fully peer to peer and decentralized, which significantly reduces complexity and costs, as well as removes a single point of failure and eliminates the central honeypot for hacking.
- Unique and Global identity: Unique NKN address enables service from anywhere in the world, at any time, helping 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 third-party certificates.
- Elastic Capacity: NKN servers are multi-functional and leverage unused capacity, providing the capability to scale up and down depending on demand.
Optimized for a vertical industry, NKN has already taken steps to improve the internet experience through two of its flagship products, NKN Pub/Sub and nCDN.
- Already launched, NKN’s Pub/Sub secure messaging service makes messaging painless by offering a true open-source solution that is developed for quick implementation. Decentralized for improved security (DDoS) and reliability (no single point of failure), Pub/Sub will enable developers to build chat, IoT, and other applications without the need to host their own enterprise-grade messaging service.
- For those looking for reliable, low latency service at scale without exorbitant costs, nCDN is currently undergoing trials for an upcoming launch. Having multi-CDN interoperability, and being complementary to any traditional CDN solution, nCDN will be able to provide the delivery network to support any video streaming service.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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