Watch out for PKT. Decentralized Web Presentation

It’s another bullish period for the cryptocurrency market, evident in the surge of Bitcoin and the performance of other coins such as Ethereum, Cardano, and Solana.

While some are reaping profits, others are experiencing losses. Like any other market, the factors that distinguish winners from losers in this market include time in the market, technical analysis skills, and dumb, hard cryptocurrency luck. But having access to the right information is also important. That’s what this article is about.

There’s been a lot of buzz online about a not-so-new cryptocurrency project called PKT Cash, and this article is about exploring it and seeing if there’s anything out there.

PKT Cache

PKT Cash calls itself the future of internet access, and that’s a really bold tagline. However, this is a common occurrence in the cryptocurrency market. Everyone is optimistic about their projects. This applies even to bad projects.

This project started in 2019. This means that the project’s founders were in the cryptocurrency industry, at least before the massive bull market that brought the entire industry into the mainstream.

The PKT Network is a decentralized web ecosystem that helps users connect to the existing Internet and explore it with all the benefits of a decentralized system. The network can do this through the world’s only bandwidth-based proof-of-work system. This means that the network incentivizes users to scale and support a decentralized network without handing over control to a centralized server or database.

This is obviously technically dense, but in layman’s terms, PKT is a network where users can contribute bandwidth to the main network and be rewarded with PKT assets. This allows users to connect to the web without relying on a centralized network. While most cryptocurrency projects attempt to decentralize banking and contracts, PKT plans to build a decentralized internet where data and access cannot be controlled by any single entity.

Currently, PKT has 13,211 network users, all using approximately 13 GB of bandwidth. That’s obviously not enough for a project that calls itself the future of Internet access, but that’s the point. PKT is the infrastructure for the future and the token structure proves it. PKT has a supply of 6 billion coins, of which 2 billion coins were mined in the first two years of the mainnet. The next 4 billion coins will be mined in the next 61 years, so the future of PKT is still far away. In some ways, it’s still really early for others.

decentralized internet

As with all decentralized networks, PKT bandwidth pool contributors do so to earn PKT cash. Their contributions are verified through the world’s first bandwidth-based proof-of-work system. This encourages community members to contribute bandwidth and ensures unlimited scalability. The network can be as large as possible if there are enough nodes providing bandwidth. Of course, the larger the network, the higher the value of the assets mined in return for bandwidth.

What this creates is a real, decentralized web infrastructure that is unrivaled, secure, permissionless, and lightning fast.

website hosting

The PKT infrastructure powers the PKT Lightning Network, allowing websites to use IPv6 web URLs as PKT addresses for payments. This means that the website also acts as an account, allowing users to easily process payments online without the need for another centralized payment processor. Websites built on the network can be accessed from any web browser via reverse VPN, and gas fees are virtually zero while using the network’s payment rails.

Payment Rail will be a zero-fee, scalable, fully peer-to-peer fork of the Bitcoin Layer 2 Lightning Network.

Once the PKT Lightning Network is launched, it is expected that the network will support an infinite number of transactions per second. In fact, the only limitation is network bandwidth, which increases as the value of cross-platform payments increases. So PKT is not only revolutionizing the web, it’s also revolutionizing the way payments are processed online.

Cjdns P2P Mesh Network

The entire infrastructure is powered by Cjdns P2P mesh networking. This means that nodes (bandwidth providers, the highways along which the network flows) automatically discover and connect with their neighbors, creating a dynamic and self-organizing network that can be accessed through an Internet browser.

Hyperboria is a decentralized mesh network implemented over the cjdns protocol, where each node is distinguished by a unique IPv6 address derived from its public key. This innovative framework effectively addresses issues related to centralization, censorship, and online privacy by creating an open, secure, and user-governed Internet ecosystem. By leveraging mesh networking principles, Hyperboria fosters a resilient, democratic peer-to-peer infrastructure that bypasses traditional ISPs and centralized controls.

PKT Network also exemplifies a real-world implementation of mesh networking on a global scale, leveraging cjdns to scale distributed infrastructure and the decentralized web. Through automatic node discovery and connection, the PKT network creates a dynamic and self-organizing network that can be accessed via an Internet browser or exclusively peer-to-peer via Hyperboria. This pioneering approach highlights the transformative potential of mesh networking to redefine the landscape of digital connectivity and autonomy.

How to start PKT?

The PKT network operates on a permissionless principle. That means anyone can contribute to development. To start your journey, consider two main methods: PacketCrypt mining or installing a cjdns node. These fundamental efforts form the backbone of the PKT network, laying the foundation for a decentralized infrastructure.

cjdns node installation

When you install cjdns, you are not simply joining a network; you are providing the core physical infrastructure to a VPN-based PKT network. These simple steps play a critical role in expanding the reach and resilience of your network and ensuring continued growth and functionality.

PKT Mining:

PKT mining can be performed on any computer, making it accessible to enthusiasts of all skill levels. The PKT World wallet has a built-in miner, which simplifies the process for new users. For those who want a more collaborative approach, mining pools provide an opportunity to pool resources and achieve collective success.

PKT full node:

Every PKT FullNode plays a critical role in the network, validating blockchain blocks and facilitating smooth transactions to PKT wallets. By running FullNode, users become an integral part of the network infrastructure, contributing to its security and efficiency.

PKT Lightning Network:

The PKT Lightning Network improves transaction speed and portability within the PKT ecosystem. This propels PKT into the future of seamless peer-to-peer transactions by facilitating instantaneous microtransactions, reducing costs, and enhancing privacy.

Is PKT Cash the next new technology?

PKT is not a meme coin that rises 10x in a week thanks to Twitter hype and then loses all of its value after a Twitter-inspired rug pull. This is a very ambitious long-term project that has seen significant growth over the past five years.

Will PKT Cash be the next big thing in the cryptocurrency industry? It’s really hard to say. What’s not hard to say is that the project is currently extremely discounted, given its scope, ambition, and frankly its current stage.

PKT’s current roadmap clearly shows that the project is moving in the right direction and will soon scale up. In other words, there may be no better time than today to purchase a project. What’s interesting is that the development of PKT is largely unaffected by Bull or Bear runs. The network will continue to evolve and once mainstream attention is gained, we will probably see 30x or even 50x projected profits. This is only short term. The current value of the asset is $0.0026. With the team’s proposed changes (including the Lightning Network) taking effect over the next few months, it wouldn’t be that shocking to see PKT Cash hit at least $0.02. But even if the asset isn’t, it’s still clearly discounted, so we’re likely to see a big appreciation in value in the future.

So should you buy PKT? This is an interesting asset and the first of its kind to support an exciting network, so we probably should. But as you know, this is not financial advice, so I recommend doing your research and seeing if you should buy PKT.

Also Read: Empowering Communities: The Social Impact of DePIN