Nockchain (NOCK) Soars Over 137% Following Protocol Upgrade

Nockchain, a layer-one blockchain network, has emerged as one of the biggest movers in the crypto market in the last 24 hours. According to on-chain data from CoinGecko, the project’s native cryptocurrency NOCK soared over 137% today.

The NOCK token hit an all-time high (ATH) price of roughly $0.21 earlier today. However, at press time, it has shed some of its gains. It is currently valued at approximately $0.18, representing a 127% price increase in the past 24 hours.

NOCK’s daily trading volume is currently above $9.3 million, which is 737.8% higher than the previous day. This move has drawn huge attention to the relatively new blockchain, considering it first launched its mainnet in May 2025.

Nockchain’s New Protocol Upgrade

Nockchain’s impressive price gain follows the announcement of a major protocol upgrade set to activate at block height 39,000.

According to the project, “this is a consensus-breaking change, meaning it is a mandatory upgrade for all node operators and miners.”

It further added that the new release determines the network’s future as it involved months of research and development.

The upgrade introduces several technical improvements aimed at enhancing the network’s scalability, privacy, and programmability. As such, users are required to update their software before the activation block.

Transaction Engine V1

The new development introduces new features to the protocol under one umbrella called Transaction Engine v1. This involves a complete redesign of the network’s previous transaction engine to improve user experience.

First, Nockchain launches the Pay-to-Public-Key-Hash (P2PKH) format to reduce address length by more than half. This offers a two-in-one benefit for users.

For example, it provides an additional layer of privacy. This is because the full key is not publicly revealed until the recipient decides to spend the funds. The Pay-to-Public-Key-Hash format is also user-friendly. Obviously, a shorter address is easier to share than a full, longer public key.

Another important feature introduced in Nockchain’s latest upgrade is called Segregated Witness (SegWit). This is originally a Bitcoin protocol upgrade implemented in 2017 as a soft fork. Basically, SegWit separates digital transaction signatures (the “witness”) from the main part of a blockchain transaction data. 

Crypto transaction data is usually large, occupying a significant amount of space. With SegWit, however, the core transaction data takes up less space, allowing more transactions to fit into a block. Thus, Nockchain can process more transactions per block without increasing block size.

This feature is a major improvement to how the Nockchain network will handle transactions and data storage. It will enable the layer-one blockchain to be faster and more efficient. This will also be accompanied by lower transaction fees for users.

The project also upgraded its programmability and modular design. It introduced lock scripts, enabling Hash Time Locked Contracts (HTLCs) for atomic swaps. Going forward, the network will be able to add new opcodes and features without launching protocol-breaking upgrades.

Mandatory for Network Participants 

Nockchain stated that the transition will be seamless for network participants, provided they configure their software correctly. As such, miners are mandated to generate a shorter P2PKH address using their new wallet’s keygen command. However, they first need to build a new wallet from the updated repository.

The recent notable price surge reflects investor confidence in Nockchain’s growing technical maturity. The upgrade also gives the blockchain an edge to compete with other emerging layer-1 networks.

While the price rally is a major milestone at the moment, the project’s long-term success will depend on how quickly developers adopt its new tools and whether the upgraded network performs reliably at scale.

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