A New Kind of Network ;NKN/USDT analysis
What is 🌟Nkn 🌟?
(Network Infrastructure for Decentralized Internet)
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors.
❇️The current internet has got some serious issues!
After years of transmutation, the Internet is in danger of losing its original vision and spirit. For example, Network Neutrality is overturned; spectrum and bandwidth are not efficiently utilized; information is fragmented and can be censored; and privacy protection is limited. These signal that the network needs a reform.
❇️Existing solutions are not suitable for next generation blockchain systems because they:
👉Utilize a centralized approach to improve efficiency.
👉Sacrifice the scalability of the network to speed up consensus.
👉Limit participation rate of nodes or require authorization to increase “security”.
👉Use purely financial motivations or trusted third parties to solve problems which should be solved by mathematics and technology
1-Structure :is inefficient
2-Utilization: wastes resources
3-Centralization: reduces trust
The Client-Server model is expensive, complex, and prone to failure and attack
Today, most communications need to go through a centralized server, where it can be blocked or sabotaged, hacked into, or eavesdropped on.
The aim of NKN is to solve all of these problems by providing a decentralized solution with blockchain technology, and a state of the art network topology based on Cellular Automata.
references:nkn.org - coinmarketcap
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for NKN, The current price roam about $0.2 ,
The currency has made headlines in recent weeks, experiencing a sharp increase of more than 250%;
You see, let's imagine these two different patterns for it, the reverse head and shoulder pattern, and the cup again.
Which gives us long-term goals of $ 0.38 and $ 0.8 and even the possibility of reaching $ 2.5, the return of which depends on the green market of Crypto.
I think ,NKN can correct down to 50% or grow even up to 100% more in short-time by forming a flag pattern, so the stop-loss is necessary; if you are in a long position.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
(Network Infrastructure for Decentralized Internet)
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors.
❇️The current internet has got some serious issues!
After years of transmutation, the Internet is in danger of losing its original vision and spirit. For example, Network Neutrality is overturned; spectrum and bandwidth are not efficiently utilized; information is fragmented and can be censored; and privacy protection is limited. These signal that the network needs a reform.
❇️Existing solutions are not suitable for next generation blockchain systems because they:
👉Utilize a centralized approach to improve efficiency.
👉Sacrifice the scalability of the network to speed up consensus.
👉Limit participation rate of nodes or require authorization to increase “security”.
👉Use purely financial motivations or trusted third parties to solve problems which should be solved by mathematics and technology
1-Structure :is inefficient
2-Utilization: wastes resources
3-Centralization: reduces trust
The Client-Server model is expensive, complex, and prone to failure and attack
Today, most communications need to go through a centralized server, where it can be blocked or sabotaged, hacked into, or eavesdropped on.
The aim of NKN is to solve all of these problems by providing a decentralized solution with blockchain technology, and a state of the art network topology based on Cellular Automata.
references:nkn.org - coinmarketcap
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for NKN, The current price roam about $0.2 ,
The currency has made headlines in recent weeks, experiencing a sharp increase of more than 250%;
You see, let's imagine these two different patterns for it, the reverse head and shoulder pattern, and the cup again.
Which gives us long-term goals of $ 0.38 and $ 0.8 and even the possibility of reaching $ 2.5, the return of which depends on the green market of Crypto.
I think ,NKN can correct down to 50% or grow even up to 100% more in short-time by forming a flag pattern, so the stop-loss is necessary; if you are in a long position.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
