NKN ICO Review
The NKN ICO offers a completely anonymous and decentralized peer-to-peer protocol that promises scalability, improved efficiency, and safety.
The acronym NKN means “New Kind of Network.” It aims to become equivalent to IP/TCP for the internet on the blockchain. It is an overlay, which is not dependent on underlying communication protocols.
ICO Value Proposition
The plan of the NKN is to advance the current Blockchain ecosystem by blending the 3rd pillar of the internet infrastructure on the Blockchain data transmission and network connectivity capability.
Ethereum and bitcoin use Proof of Work to tokenize computational power. Other coins tokenize storage. NKN is built to tokenize data transmission and network connectivity capability through a new PoW consensus method.
The team is comprised of Yanbo Li, the Co-Founder as well as Core-Developer of NKN. He works with Bruce Li, the Head of Strategy and Innovation and co-founder. The core researcher and co-founder is Justin Wang. The core developer and core researcher and final co-founder is Yilun Zhang. While the advisor is Dr. Whitfield Diffie
Strengths and Opportunities
It is designed to leverage Cellular Automata to develop a decentralized network where nodes form a self-evolving ecosystem. The Cellular Automata is used to promote self-evolution of the network.
Weaknesses and Threats
NKN is a new project and is scheduled for development in Q2 2018. This alone puts NKN at a disadvantage.
The Verdict on NKN
For a project as large as this in the initial development stages, the product concept and team are the main indicators of whether you should place a bet. After considering all this, you may not find a better team for this task of developing and launching the NKN. Based on the indicators at the early stage of development, we see a possibility of Top 10% rated offering.