TL;DR
- Idea: Programmable sound money L1 blockchain using Zero-Knowledge Proof of Work consensus to secure a hard-capped digital asset and enable scalable app-rollups with formal verification
- Catalyst: Upcoming integration of NockApp for app-rollups, performance enhancements to mining client, and first native decentralized exchange launch
- Risks: Very early-stage network with experimental consensus, limited liquidity and exchange listings, small developer ecosystem, and potential security and regulatory risks
- Score: 7.00/ 10
Coin
- Name/ Ticker: Nockchain (NOCK)
- Segment: Infrastructure
- Status: Live
- Price: $0.136000
Key Metrics
- Market Cap: $158 421 202
- FDV: $557 071 274
- Circulating Supply: 1 220 000 000
- Total Supply: 4 290 000 000
Sources
Technology
- USP: First L1 blockchain employing Zero-Knowledge Proof of Work for a fair, verifiable, and scalable digital gold
- Core Technology: ZK-Proof-of-Work consensus (ZKPoW), NockVM for general-purpose zero-knowledge proofs, NockApp framework for app-specific rollups and composability
Roadmap
- 2025-05-21: Mainnet Launch
- 2025-07-02: Security Consensus Upgrade at block 12000
- 2025-07-15: Publication of "On Valuing Blockchain Protocols"
- 2025-07-26: Composable App-Rollups blog release
- 2025-08-02: Bundling, the Antidote to Modular Complexity blog
- 2025-10-05: NockApp documentation update
Team & Investors
Team
- CEO & Co-founder — Logan Allen: Leading ZKVM and protocol development since 2022
- CTO & Co-founder — Assimakis Kattis: Author of key ZKVM and Proof of Necessary Work research
- Head of Research — Brian Klatt: Contributor to ZK-Proof-of-Work consensus design
- Protocol Architect — Philip Quirk: Expert in data availability and app-rollup frameworks
- Security Lead — Fabian Trottner: Specialist in cryptographic proofs and protocol security
Investors
- Delphi Ventures — Seed • 2024-01-19
- North Island Ventures — Seed • 2024-01-19
- CMCC Global — Seed • 2024-01-19
- Portal Ventures — Seed • 2024-01-19
- Champion Hill Ventures — Seed • 2024-01-19
- Breed VC — Seed • 2024-01-19
- Octu Ventures — Seed • 2024-01-19
- Labyrinth DAO — Seed • 2024-01-19
Total funding: $7.50M
Tokenomics
- Utility: Pays for transaction settlement, data storage, temporary blob availability and fees for app-rollups on Nockchain
- Vesting: Team tokens: 1-year lock with 2-year linear vesting; Seed investors via Token Forward: quarterly disbursements
- Next Unlock: 2026-05-21 (20.00% of circulating)
Pros & Cons
Strengths
- Novel ZK-PoW consensus enhancing security and scalability
- Programmable sound money with hard-capped supply and immutable issuance
- Fair launch with no pre-mine fostering decentralization
- Built-in NockApp framework for scalable app-rollups
- Strong academic and research foundation
- Backed by respected investors like Delphi Ventures
- Transparent development roadmap and governance
- Early network decentralization with active mining community
- Low barrier to entry for miners using commodity hardware
- Open-source monorepo with active GitHub contributions
Weaknesses
- Experimental consensus with potential undiscovered vulnerabilities
- Limited liquidity and only one live exchange listing
- Small and nascent developer ecosystem
- Network security dependent on growing proof rate
- High initial inflation rate
- Seed investor token disbursements may pressure market
- Lack of audited security reviews for core protocol
- Central leadership under Zorp Corp poses centralization risk
- Regulatory uncertainty around novel consensus mechanisms
- Current absence of major exchange and CEX integration
Market Signals (7d)
- Active addresses trend: 58 new act
Price Scenarios (target: 2026-04-15)
- Bear: $0.068000 — Assumes 50% price reduction to 0.5x current price due to market downturn
- Base: $0.136000 — Assumes price maintains current level at 1x current price
- Bull: $0.272000 — Assumes 2x current price driven by major exchange listings and network growth
How to Buy & Store
CEX
- SafeTrade
- Not available
- Not available
- Not available
- Not available
DEX
- Nockchain DEX
- Not available
- Not available
- Not available
- Not available
Storage
- Nockchain CLI Wallet
- Not available
- Not available
- Not available
- Not available
Verdict
Nockchain presents a novel ZK-PoW L1 with strong research backing and fair tokenomics; while early stage and risky, it has significant upside on adoption and technical differentiation.
Official Links
Source: Coin Research (internal)
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