Pocket Network (POKT)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $1,145,192 |
| Volume / Market Cap | – |
| Total Supply | 1,146,111,711 POKT |
| Max Supply | – |
Pocket Network is currently trading at $0.0584, after a price change of 4.06% in the last 24 hours.
Ranked as cryptocurrency #2734 by capitalization today, POKT market cap is valued at $0.00000000. POKT trading volume reached $1,145,192 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on POKT coin price prediction page.
What is Pocket Network?
Pocket Network is a multi-network relay protocol that incentivizes users to run full nodes for enhanced Web 3.0 accessibility. The network is made up of three aspects; applications, nodes, and the network layer. The applications link to the pocket nodes via protocol-based APIs for peer-to-peer interactions. The nodes are charged with the task of serving the application relays and verifying transactions of other nodes. The network layer regulates functions between the applications and the nodes.
Pocket is secured through the proof-of-stake consensus model for scalability and data consistency in applications. Dishonest nodes are punished through slashing and jailing. The platform uses zero-knowledge proof to validate the evidence of served relays from those that measure their block rewards. Pocket is a blockchain developed on the tendermint consensus machine.
POKT is the native token powering Pocket. There are 722,025,811 company-reported circulating POKT tokens from an uncapped supply of 886,847,333. The token is used in paying transaction fees and also acts as a utility token for operating validator nodes in staking.
A team led by Michael O’Rourke founded Pocket Network. The project’s public mainnet debuted in 2020.