The cryptocurrency trading exchanges Bittrex Global (click here) and BitMart (click here) have begun trading PKT ($PKT), the world’s first layer-1 blockchain for bandwidth. BitMart is supporting PKT/USDT and Bittrex Global has PKT/USDT and PKT/BTC markets.
PKT makes it so that anyone in the world can easily monetize their unused internet bandwidth. As more people connect, this builds the high-speed PKT Network. PKT technology is designed so that people can become ISPs and tokenize and trade bandwidth in decentralized bandwidth markets worldwide.
PKT is a completely decentralized project, with no company, no investors and no pre-mine. Community participation builds the decentralized, high-speed PKT Network powered by the people. The blockchain is designed for microtransaction with 60 second block times and near-zero fees. The vision is to encourage people to operate network infrastructure and expand internet access worldwide through mesh networking.
PKT uses the world’s first bandwidth-hard proof-of-work mining algorithm, called PacketCrypt. There are two types of PKT mining: announcement mining, which anyone can do from an internet connected device, and blockmining, which requires starting a PKT mining pool. The PKT mining pools have reported sustained network bandwidth of more than 100 GB/s, powered entirely by the community. Mining difficulty has increased over 200,000% since January 2021.
The PKT roadmap includes free VPN, localized mesh networking, WiFi sharing, and TokenStrike, a new token protocol that supports microtransactions with near-zero cost issuance and near-zero gas fees in order to power NFTs and decentralized bandwidth markets. PKT is the currency for bandwidth, helping to get the next billion people online.
