Find answers to general questions about PKT Pal and common troubleshooting. If you don’t find what you are looking for please contact us at firstname.lastname@example.org
PKT allows users to monetize their unused internet bandwidth. By participating in the PKT Network you are helping to build a faster, stronger, and more secure, decentralized network.
PKT is a native mined coin based on an open source project. There are multiple companies in the PKT ecosystem but no company “behind PKT.”
There are 2 main wallets for PKT, one is the pktwallet that is in the pktd github. The other wallet is PKT Electrum, which was developed as part of a Network Steward funded project. There is an ongoing project to develop a new wallet based on MatterFi / OpenTransactions. All of these wallets are open source so anyone who wants to continue development of these wallets is free to do so.
PKT is mined using the novel PacketCrypt bandwidth-hard mining algorithm which requires bandwidth to mine. It uses a combination of CPU and bandwidth, you get an advantage by working together with other miners which requires bandwidth.
The PKT project is focused on building a decentralized bandwidth marketplace to decouple the business and technical aspects of internet service from the physical aspect of maintaining infrastructure. The fundamental value is division of labor and lowering the barrier of entry for internet service competition.
The differences from Bitcoin are: PacketCrypt bandwidth hard proof of work replaces SHA-256 1 minute block time 6 billion coins total Mining yields decrease 10% every 100 days in what is called the decimation 20% of each mined block goes to the Network Steward wallet, which funds R&D of the ecosystem
A free to use VPN service is called AnodeVPN will be launched in 2021, and users can pay for their VPN speed with PKT Cash. Internet bandwidth sharing and mesh networking are also currently in the stages of development.
The early miners and adopters of PKT will benefit greatly. PKT also benefits everybody because it will lead to a lower cost and highly competitive internet service ecosystem.