PKT

What is PKT Project?

PKT is a decentralized physical infrastructure (DePIN) ecosystem supporting open internet access and powering the decentralized web. It's an open-source, global mesh internet project with no central infrastructure, validated by thousands of nodes worldwide.

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Recent Video Interview

Main points of the interview:

• PKT's decentralized blockchain project focused on making internet access more accessible globally.
• The project uses PacketCrypt, a free-to-use mining algorithm, and CJDNS, a peer-to-peer decentralized internet infrastructure technology.
• PKT enables users to share internet access locally using mesh networking and high-powered antennas.
• PKT is entirely decentralized with no central company, DAO, or investors, following principles similar to Bitcoin.

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Fully Decentralized

• PKT operates on a global mesh internet model with no central infrastructure.
• Payment rails are built-in, allowing website operators to receive PKT payments directly.
• Content is accessible peer-to-peer and through traditional browsers.

PKT Network

The PKT Network operates as a permissionless, encrypted global VPN mesh network, guaranteeing both high-speed connectivity and robust security measures. Through its decentralized structure, PKT facilitates open internet access and encourages widespread participation. Miners play a crucial role by installing the PacketCrypt protocol, which utilizes a bandwidth-based proof-of-work mining algorithm to ensure the integrity and functionality of the network.

Moreover, community members actively engage in owning and operating the internet infrastructure by installing the Minr software, establishing PKT wallets, or contributing content through website creation on the PKT Network. This collective effort empowers individuals to take ownership of their online presence while fostering a resilient and inclusive internet ecosystem.

PacketCrypt Protocol

The PacketCrypt Protocol comprises two key stages: announcement mining and block mining. Miners engage in CPU-hard and memory-hard algorithms during these stages, validating transactions and upholding the integrity of the network. As miners contribute their computational resources, they are rewarded with PKT incentives, which not only incentivize their efforts but also encourage collaboration among participants. This reward system serves as a catalyst for network growth, as miners work together to maintain the network's functionality and security. Through the PacketCrypt Protocol, the network establishes a robust and incentivized framework that ensures the reliability and sustainability of decentralized internet access.

How to Mine PKT

• Miners run PacketCrypt on CPU-powered devices, incentivized by PKT rewards.
• PKT mining pools require substantial bandwidth resources and technical expertise.
• Users can start mining by downloading Minr or installing PacketCrypt from Github.

PKT Cash and Use Cases

PKT Cash serves as the lifeblood of the PKT ecosystem, powering various aspects of decentralized internet access and commerce. As the cryptocurrency native to the network, PKT Cash facilitates seamless transactions, enabling users to access internet services and engage in e-commerce securely and efficiently. Through the PKT VPN, users benefit from decentralized, encrypted data transmission, ensuring their online activities remain private and protected from surveillance.

Furthermore, PKT websites are designed to resist censorship, providing a platform for free expression and information dissemination within the network. Website operators can leverage PKT payment integration to monetize their content and services, fostering a vibrant and decentralized digital economy. With its diverse range of use cases, PKT Cash plays a pivotal role in empowering users to navigate the decentralized web with autonomy and confidence, while also contributing to the growth and sustainability of the PKT ecosystem as a whole.

Building Physical Infrastructure with PKT

• PKT incentivizes users to power the network's infrastructure by providing bandwidth and CPU power.
• The integration of PKT blockchain with physical infrastructure enables seamless, decentralized internet access.
• PKT community members can support the network by running miners, setting up cjdns nodes, or operating mining pools.

Similar Assets

Similar assets to PKT: 0x Protocol, Bounce, Augur, Boson Protocol, Calamari Network, Dafi Protocol, Gnosis, Hubble, InsurAce...

Project Development

During the bi-monthly Discord roundtable discussion on November 8th, 2023, the PKT Community shared several updates regarding the PKT project. Caleb James DeLisle, PKT Lead dev, revealed a mining discovery related to PKT mining, highlighting the optimal difficulty numbers for mining efficiency. Meanwhile, Jesse Berger, a founding community member, discussed progress on the pkt.cash website redesign, including new pages related to cjdns, hyperboria, and PKT Lightning Network payment rails. Berger was also featured on the "Web3 with Sam Kamani" podcast, discussing PKT and Routie.

Additionally, Jeremy Berger shared news about PKT's mention on Cryptopolitan and upcoming articles on CoinTelegraph to raise awareness. Dimitris Koukoulakis updated on the PKT Lightning Network development, mentioning the ability to request invoices through cjdns messages.

Lastly, Caleb shared updates on the Network Steward governance project, aiming for a more representative voting system. The roundtable discussions serve as a platform for Pkteers to engage and share updates, held bi-weekly on the PKT Discord channel, welcoming all community members.

PKT Price Analysis

As of December 25 2024 PKT has a marketcap of $3.4M. This is {{percentagefromath}} from its all time high of $0.02399605. In terms of its tokenomics, there's a total supply of 6B with 58% currently outstanding. Keep in mind PKT has a fully diluted value of $5.8M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.