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      What is PKT

      PKT Pointers

       

      WHAT IS PKT

      • PKT is the first and only proof of work (PoW) blockchain for bandwidth.
      • The PKT blockchain is mined using bandwidth and pays PKT (PKT Cash) every 1 minute to miners to miners that connect bandwidth and CPU power to the network.
      • There is a 6 billion total supply. ⅔ of the total supply has been mined over the past 4 years, and the remaining supply will take 59 years to mine.
      • As people connect, this builds a global decentralized network powered by the people.
      • The PKT Network is enabling free internet access around the world through wifi access points and mesh networking
      • The PKT Network helps people to get online without paying a traditional ISP.
      • The focus of the project is to get the next 1 billion people online.

      WHAT MAKES PKT UNIQUE

      • PKT is the world’s first and only bandwidth Proof of Work (PoW) coin.
      • There is no central entity, no pre-mined coins, no company, no CEO, no investors, and no founders share.
      • Anyone can mine PKT with a CPU and internet connection device. There is free software called Minr and PKT World Wallet that make it easy for anyone to earn income from their bandwidth..
      • Miners must connect bandwidth and CPU power to mine PKT.
      • PKT is entirely community supported. There is no central infrastructure.
      • The PKT blockchain pays PKT miners every 1 minute for maintaining their connection to the network. This means that anyone can earn income from their bandwidth.
      • The first PKT coin was mined in August 2019.
      • PKT lead developer is Caleb James DeLisle. Caleb invented cjdns, and is a renown security analyst, mesh networking expert and cryptographer,
      • Cjdns was launched 2011 as an open source software that makes it so anyone can get access to the internet without paying a Internet Service Provider. Cjdns was recently included in Bitcoin Core Update 22.0. PKT is the continuation of the cjdns project.

      CURRENT PKT USE CASES

      • The first use case is wifi sharing which gives people internet access via guest wifi. PKT Pal has created the Mini and Edge Extenders, enabling people and businesses to share internet access using the PKT Network. The Edge Extenders extend the wifi coverage 10,000 sqft and you can connect unlimited devices to each other and build a mesh network around your location.
      • People can use their computer, server, or mobile devices to monetize their internet by Mining with PacketCrypt and powering the PKT Network. Minr by PKT Watch (mac, windows, linux) and the PKT World wallet (windows) has made it very easy to install on any computer for free.
      • Users are able to use AnodeVPN on Android, which provides VPN access using the PKT Network
      • People are able to list their VPN as VPN exits, allowing users to gain access to the web from the PKT Network
      • People can buy PKT from BitMart and use PKT to pay for VPN and soon will be able to pay for internet access via guest wifi
      • PKT can be swapped into wrapped PKT on Binance Smart Chain. WPKT provides access to DeFi and Ethereum Virtual Machine (EVM) functionality.
      • PKT is developing a new token standard called TokenStrike, with near-zero cost issuance and near-zero gas fees. This technology will enable anyone to tokenize and sell their bandwidth on decentralized exchanges (DEX). This technology will eventually include smart contracts for near-zero cost NFT minting and near-zero gas fees.

      HOW TO BUY/SELL/TRADE PKT

      • PKT is currently traded on BitMart.
      • There are additional exchange listings coming in 2023.
      • PKT has a BSC-wrapped token that can be traded on PancakeSwap via Binance Smart Chain. Swaps between PKT and WPKT can be done on the Odapp Bridge: https://odapp.io

      WHAT IS WRAPPED PKT

      • In addition to the mainnet coin called PKT Cash ($PKT) there is a wrapped version of PKT on the Binance Smart Chain blockchain called $WPKT. WPKT can only come into existence when PKT is swapped via https://odapp.io. WPKT has a 1-to-1 peg to PKT and can't be inflated

      ROADMAP - USE CASES/UTILITY

      • The PKT Network is designed to grow as a global internet access point. Instead of internet users requiring a subscription from a local ISP, they can get basic internet for free and only pay when they need high speed access.
      • PKT is developing its own token standard called TokenStrike. This technology enables anyone to issue a token supply within the PKT ecosystem, similar to ERC20, but with near-zero cost. Each TokenStrike token supply functions as its own blockchain, and doesn’t rely on the PKT blockchain for validation. This ensures unlimited scalability for the PKT ecosystem.
      • PKT is being integrated with Lightning Network for near-instant settlement, unlimited transactions per second, and near-zero gas fees.
      • The vision behind PKT is to enable anyone with an internet connection to tokenize their bandwidth using TokenStrike and buy/sell/trade bandwidth leases in a decentralized, way similar to NFTs.
      • The PKT Network can also support censorship-free networking, media and content distribution and streaming. This is part of the PKT roadmap.
      • Community company PKT Pal is developing a service that allows people to pay their utility bills (phone, internet, subscriptions) using PKT. People can monetize their internet by mining and wifi sharing and pay their bills with their income.

      WHAT IS MINING PKT

      • Miners are the foundation of the PKT Network. People can mine PKT on any CPU based computer.
      • Miners transmit data by uploading and downloading data using PacketCrypt, depending on what kind of PKT Mining you are performing. They are also running encryptions to encrypt the network.

      HOW TO MINE PKT CASH

      • There are two unique types of mining called block mining and announcement mining. Anyone can announcement mine from any CPU enabled computer, server, or cellphone that can install software. Block mining is done through PKT mining pools and requires a data center setup and networking expertise.
      • Announcement miners are incentivized with PKT Cash rewards to connect bandwidth resources. The PKT Proof of Work (PoW) enables people to earn income by expending their unused bandwidth (not selling bandwidth until when TokenStrike launches). Later on in the roadmap people will be able to sell their bandwidth using TokenStrike technology.
      • Similar to mining Bitcoin, the economic incentive encourages infrastructure providers to upgrade their network to earn higher rewards, in turn creating the high speed PKT Network.
      • Miners are incentivized to earn more PKT Cash by increasing their bandwidth and CPU hardware.
      • PKT mining pools are incentivized to run infrastructure and facilitate the transmission of data between the miners and the pools.
      • The collective mining effort creates a decentralized ISP and a network powered by the people.
      • There was no premine, so everyone has an equal opportunity to earn network rewards.

      PKT SOCIALS

      BIO ON CALEB JAMES DELISLE - LEAD PKT DEVELOPER

      Caleb James Delisle (https://github.com/cjdelisle): Caleb’s graduated from the Franklin County Technical School Machine Technology program. In 2011 he founded the cjdns Open Source project for cryptographically assured IP packet routing, he then went on to co-develop the ncry.pt <https://ncry.pt> encrypted pastebin, pioneering a key sharing technique which would later find its way into ZeroBin,

      Mega.co.nz <http://Mega.co.nz> and others. With XWiki SAS, he authored the first real time collaborative editor to make use of Nakamoto Blockchains for state synchronization and used this to launch the CryptPad project, a google docs like editor where the all content is encrypted and the server has no access to the keys. His Open Source work has been featured in Wired Magazine (USA), NewScientist (USA), Neue Zurcher Zeitung (Switzerland), Kommersant (Russia). In 2018/19, Caleb began developing the PKT Blockchain, to create an economic incentive for the cjdns routing protocol. Caleb launched PKT into mainnet in August 2019. Caleb is a well respected security analyst, cryptography developer, internet routing protocol expert and open source advocate. Caleb also serves as a Network Steward on the PKT project, and is lead developer of the PKT blockchain.