What is $NOCK?
Programmable sound money that scales.
$NOCK is the coin issued by the layer-1 Nockchain protocol. Unlike traditional blockchains where computation costs scale with complexity, $NOCK fees are based only on transaction size. $NOCK is a programmable sound store of value. It pays for transaction settlement, data storage, and temporary data availability on Nockchain.
Programmable
Unlike a computationally heavy smart contract chain like Ethereum, $NOCK only pays for miner fees by transaction weight—there are no extra fees for onchain execution or making proofs. Transaction fees pay for on-chain storage, on-chain execution (which Nockchain keeps minimal), and temporary blob data storage.
Sound
$NOCK's soundness comes from its cypherpunk proof-of-work consensus with immutable monetary policy: hard money and code-as-law. Its security results from its execution platform being formally mathematically verified. Its value comes from its hard-capped scarceness and the underlying proof network it incentivizes and enables. Specifically, $NOCK as a digital asset is secured by ZKPoW on Nockchain.
Store of Value
As a digital asset, $NOCK features:
A fair launch with no pre-mine. Mining is permissionless and competitive. Fair Launch
A hard cap on issuance. Only 4.3 billion nocks will ever exist (2³² nocks). Each nock can be subdivided into 65,536 nicks (2¹⁶ nicks). Nocks are issued directly to miners as block rewards, then may be traded on markets. Hard Cap
An immutable supply schedule. $NOCK issuance takes place at each block to the miner who successfully solves the proof-of-work puzzle. The steep issuance curve incentivizes software optimization over hardware farming, driving fast commoditized execution. Issuance Schedule
The design of the digital infrastructure underlying $NOCK, Nockchain, aims to maintain a high velocity of money. $NOCK tokenomics are designed around maintaining high monetary velocity—asset value scales with both scarcity and velocity, so a hard-capped asset with high transaction throughput creates maximum value.
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