PKT first layer-1 blockchain for bandwidth now listed on Bittrex Global and BitMart
The cryptocurrency trading exchanges Bittrex Global (www.global.bittrex.com) and BitMart (www.bitmart.com) have begun trading PKT ($PKT), the world’s first layer-1 blockchain for bandwidth. BitMart is supporting PKT/USDT and Bittrex Global has PKT/USDT and PKT/BTC markets.
PKT makes it so anyone in the world can easily monetize their unused internet bandwidth. As more people connect, this builds the high-speed PKT Network. PKT technology is designed so people can become ISPs and tokenize and trade bandwidth in decentralized bandwidth markets worldwide.
PKT is a completely decentralized project, with no company, no investors, and no pre-mine. Community participation builds the decentralized, high-speed PKT Network powered by the people. The blockchain is designed for microtransaction with 60 second block times and near-zero fees. The vision is to encourage people to operate network infrastructure and expand internet access worldwide through mesh networking.
PKT uses the world’s first bandwidth-hard proof-of-work mining algorithm, called PacketCrypt. There are two types of PKT mining: announcement mining, which anyone can do from an internet-connected device, and block mining, which requires starting a PKT mining pool. The PKT mining pools have reported sustained network bandwidth of more than 100 GB/s, powered entirely by the community. Mining difficulty has increased by over 200,000% since January 2021.
The PKT roadmap includes free VPN, localized mesh networking, WiFi sharing, and TokenStrike, a new token protocol that supports microtransactions with near-zero cost issuance and near-zero gas fees in order to power NFTs and decentralized bandwidth markets. PKT is the currency for bandwidth, helping get the next billion people online.
PKT is a decentralized high-speed data network that enables anyone to monetize their unused internet bandwidth. Powered by PacketCrypt, the world’s first bandwidth-hard proof-of-work, people who connect to the PKT Network are paid in PKT Cash ($PKT) every 60 seconds. PKT provides an economic incentive for people to expand local internet connectivity and infrastructure with minimal technical knowledge.
As the PKT Network grows, bandwidth demand and the speed of the network increase. In turn, this reduces the cost of bandwidth and improves internet access in both urban and rural areas worldwide. PKT is a decentralized community project with no company, no investors and no pre-mine. The project is an extension of the open-source cjdns mesh networking protocol, created by PKT lead developer Caleb James DeLisle in 2011. Cjdns makes it so people can get onto the internet without requiring a traditional internet service provider (ISP) and PKT provides the economic incentive for people to become ISPs.
About Bittrex Global
Bittrex Global, the most secure digital asset exchange in the world, serves both retail and institutional clients, globally. Committed to helping users build wealth, Bittrex Global facilitates the purchase and trade of over 250 tokens. Through its use of cutting-edge technology, advanced security protocols, and a sophisticated elastic multi-stage wallet strategy the company provides a high-level experience for professional and novice customers alike. Bittrex Global is a key player in driving widespread adoption of secure and decentralized methods to building wealth while remaining compliant and adhering to the wide array of regulatory measures across the globe.
Bittrex Global GmbH is registered with the Financial Market Authority under Law of 3 October 2019 on Tokens and TT Service Providers (TVTG) in Liechtenstein to operate as a TT Exchange Service Provider, TT Token Depositary, and Token Issuer on behalf and for the account of third parties. Bittrex Global (Bermuda) Limited is regulated by the Bermuda Monetary Authority and licensed as a Class F Digital Asset Business under the Bermuda Digital Asset Business Act 2018 to operate as a digital asset exchange, provide custodial wallet services, and operate as a digital asset derivative exchange provider.
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