Pocket Network

Pocket Network

Pocket Network POKT Rank #3151

Learn to invest in Pocket Network (POKT) Token - What it is, price and reliability

Pocket Network Exchanges

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What is the pocket network (POKT)? Pocket Network is a blockchain data platform built for apps that uses cost-effective economics to coordinate and distribute data at scale, enabling seamless interactions between blockchains and apps. The network works with a proof-of-stake (PoS) consensus mechanism that provides scalability and data consistency for applications. POKT is the native utility token used to * Run validation nodes on the network by staking POKT tokens * Receive network performance by staking POKT tokens * Fees for transaction processing and data storage. There are several ways to connect to the Pocket Network as an app, from a quick and easy app to a fully customizable app: Pocket Portal provides decentralized endpoints with just a few clicks. Our free tier starts with 1 million app requests per day. PocketJS allows developers to integrate in any way they want. Bring your share and make your infrastructure redundant and private as you like. Other tools on the Pocket Network include: Pocket Wallet Pocket Explorer What makes the Pocket Network unique? Since its launch, the Pocket Network has emphasized decentralization in its truest form. Pocket Network is the first decentralized infrastructure project that can reliably serve decentralized applications and projects of all sizes. Our network of thousands of full nodes features minimal downtime, significantly lower costs, and maximum privacy for end users. How many POKT coins are there in circulation? Pocket Network launched its core network on July 28, 2020 with 650 million POKT tokens created in genesis. Unlike most traditional block rewards, the Pocket Network is dynamic; POKT rewards are directly proportional to the number of sends and transaction fees in a given block. 89% of minted POKTs go to serving nodes, 1% to validation nodes, and 10% to the Pocket Network DAO that governs the protocol. Why is Pocket Network important? Pocket Network addresses the inconsistency of accessing decentralized networks through a handful of centralized service providers, an existential risk to Web3.0. The founders realized this problem after experimenting with Ethereum in 2016 and designed and built how to do the infrastructure the right way: decentralized. Where can I buy POKT? Interested in joining the community to run nodes or applications? POKT is currently traded on OTC desks controlled by our community. https://forum.pokt.network/t/secondary-markets-for-pokt/629 These OTC counters often support POKT/stablecoin pairs and other commonly accepted cryptocurrencies. New to cryptocurrencies? Read our easy guide to buying Bitcoin and other cryptocurrencies.