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About PKT
Key Points
- PKT Network (PKT) is a decentralized physical infrastructure (DePIN) ecosystem supporting open internet access and powering the decentralized web.
- PKT is the world’s first bandwidth-hard blockchain and a decentralized internet service provider (ISP).
- PKT leverages the open-source mesh networking protocol called cjdns to optimize traffic routing and offer free VPN.
- PKT enables network users to share access to the internet and monetize their unused bandwidth.
Founders
- Caleb James DeLisle, lead developer, experienced in security analysis, cryptography, software development, and internet routing.
About PKT: Empowering the Future of Decentralized Networks
Introducing PKT Network (PKT): A Revolutionary Blockchain-Based Initiative
PKT Network (PKT) is a pioneering decentralized physical infrastructure (DePIN) ecosystem that fosters open internet access and empowers the decentralized web. By claiming to be the world’s inaugural bandwidth-hard blockchain, PKT revolutionizes the concept of a decentralized internet service provider (ISP). Leveraging the open-source mesh networking protocol, cjdns, PKT optimizes traffic routing, providing a seamless free VPN experience. Furthermore, PKT empowers network users to share internet access and monetize their underutilized bandwidth, thereby creating a novel, community-driven paradigm.
PKT blockchain is built upon the foundation of Bitcoin’s codebase, but diverges by replacing the SHA-256 hashing algorithm with PacketCrypt, a pioneering bandwidth-hard proof-of-work mechanism. The PKT blockchain was specifically designed to provide economic incentives for nodes to become internet service providers within the PKT network.
In tandem with its native cryptocurrency, PKT Cash, the project seeks to democratize the global information landscape, thereby empowering users to access internet data unfettered by the constraints imposed by centralized intermediaries.
PKT Cash serves as a reward for users who contribute bandwidth to other nodes within the network. This cryptocurrency can be utilized to access VPN services through Anode VPN, PKT’s VPN marketplace, and subsequently, to settle internet utility bills via PKT Pal, PKT’s bill payment service.
In August 2019, PacketCrypt and the PKT blockchain simultaneously debuted, paving the way for the PKT coin’s highly anticipated launch in March 2022.
The Visionaries Behind PKT Network: Meet the Founders
PKT Network’s visionary lead developer, Caleb James DeLisle, boasts an impressive repertoire of expertise, encompassing security analysis, cryptography, software development, and internet routing. Notably, in 2011, Caleb pioneered the cjdns project, which would later form the foundation of the PKT Network. Additionally, he is the mastermind behind CryptPad, a cutting-edge, web-based real-time collaborative editing platform launched in 2014. Caleb’s academic background includes a degree in machine technology from the esteemed Franklin County Technical School.
Unveiling the Unparalleled PKT Network: A Paradigm Shift in Blockchain Technology
PKT Network pioneers a decentralized approach to internet access, liberating users from the constraints of traditional Internet Service Providers (ISPs). By harnessing the power of a peer-to-peer network of providers, this innovative platform has the potential to mitigate the pervasive issues of internet surveillance and data exploitation by corporations, application developers, and governments, as envisioned by the project.
Cjdns establishes a secure, encrypted IPv6 network, leveraging public-key cryptography for address allocation and a distributed hash table for efficient routing. This innovative approach enables near-zero-configuration networking, effectively addressing multiple security and scalability concerns inherent in the current internet architecture.
PKT is a cutting-edge, high-velocity data network that empowers internet users to capitalize on their underutilized bandwidth. In exchange for maintaining a seamless connection for a mere 60 seconds, users are rewarded with PKT Cash.
PKT functions in a completely decentralized fashion, driven solely by its underlying technology and the inherent economic incentives, as stated by the project.
The project boasts that PKT Network presently reigns as the fastest distributed edge network, boasting an impressive bandwidth capacity exceeding 100 gbps.
In the PKT Network, the Network Steward is a designated address that receives a 20% allocation of PKT Cash from each newly mined block. This mechanism enables the continued development of the ecosystem in a manner that benefits all network participants. The Network Steward is democratically elected through a proof-of-stake vote by PKT holders and can be replaced at any time, ensuring a dynamic and adaptive governance structure.
The Circulating Supply of PKT Coins: A Closer Look
Every 60 seconds, a new PKT Cash coin is meticulously crafted and brought into existence.
A total of 6 billion coins will be minted over the course of the next 63 years. Every 100 days, PKT undergoes decimation, whereby the block reward is incrementally reduced by 10%. As of now, the circulating supply of PKT coins stands at 3.3 billion.
The PKT Network’s Robust Security Mechanisms
PKT has pioneered the development of a groundbreaking bandwidth-hard proof-of-work consensus mechanism, dubbed PacketCrypt. Notably, PacketCrypt diverges from the conventional approach by substituting CPU effort with bandwidth expenditure, eschewing the traditional reliance on SHA-256 hashing functions.
PKT Trading: Anticipated Commencement Date
We are thrilled to announce that PKT is now listed and available for trading on the esteemed cryptocurrency exchange, Bitmart.
New to the world of cryptocurrency? Explore CoinMarketCap’s comprehensive education portal to discover the ins and outs of entering the market and acquiring PKT or any other token.
Associated Resources:
Explore Helium (HNT), a pioneering decentralized blockchain-powered network designed to seamlessly integrate with Internet of Things (IoT) devices.
Discover NKN (NKN), an innovative open-source protocol that enables the creation of public blockchain-based peer-to-peer networks, facilitating the sharing of network bandwidth and Internet connectivity.
Delve into the world of Orchid (OXT), a revolutionary cryptocurrency-driven virtual private network (VPN) that’s redefining online security and anonymity.