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About POKT

Pocket Network (POKT) is a cryptocurrency launched in 2021. POKT has a current supply of 1.68Bn with 1.64Bn in circulation. The last known price of POKT is 0.047254135799 USD and is 0.000452966461 over the last 24 hours. It is currently trading on active market(s) with $1.05M traded over the last 24 hours. More information can be found at https://www.pokt.network/.

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Updated Jul 15, 2024 10:48 pm
Pocket Network
Mkt Cap $77.47M
There's nothing here for now
Pocket Network (POKT) executive: Achieving cross-chain interconnection has attracted attention from users and the community
Pocket Network (POKT) executive: Achieving cross-chain interconnection has attracted attention from users and the community
In the "RockTree OG Talks" series of roundtable talks co-organized by RockTree Capital and Odaily, Dermot O'Riordan, director of the Pocket Network (POKT) Foundation, said that POKT has achieved cross-chain interconnection and has received attention from users and the community. Dermot also said that Pocket is a decentralized application and platform that focuses on people, applications and business scenarios. It relies on blockchain application scenarios, focuses on PRC applications and services, and values ​​data assets and data nodes. Over the past 12 months, Pocket transaction fees have dropped by 5%, providing better service and opening up to more PRCs. In addition, Pocket focuses on controlling inflation and plans to expand services and business in different markets and countries. Dermot finally said that there are several reasons for Pocket’s recent popularity. First, users re-recognize the value of Pocket, which uses blockchain technology to bring cost savings and added value to users’ lives. Secondly, Pocket has established a mature community, provides complete API interfaces and data services, and brings real value to users. Finally, Pocket focuses on data services and potential, hoping to influence the entire multi-chain development. It is reported that Pocket Network is a blockchain data ecosystem for Web3 applications and leverages cost-effective economics to coordinate and distribute data at scale.
Jan 25, 2024 6:28 pm

Frequently Asked Questions

  • What Is Pocket Network (POKT)?

    ​​Pocket Network is a decentralized blockchain data platform - a protocol that is built to connect to any blockchain and service the data demands of Web3 dApps. Pocket Network uses cost-efficient economics to coordinate and distribute data at scale, using the POKT token to facilitate the protocol's service.

    Pocket Network nodes act as the middle layer that connects the protocol's 50+ supported blockchains with their ecosystems of dApps that require data from the chain. The network runs on a Proof-of-Stake (PoS) consensus mechanism that offers scalability and data consistency for dApps.

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  • What Makes Pocket Network Unique?

    The RPC layer of the Web3 stack has long been vulnerable to a major concern: centralization. The founders of Pocket Network realized this problem after experimenting with Ethereum in 2016. How can DECENTRALIZED applications be built on a layer of CENTRALIZED RPC providers?

    Pocket Network addresses this paradox of accessing decentralized networks through a handful of centralized service providers - a paradox that is an existential risk to Web3. Seeing this risk, Pocket Network was designed and built in order to do Web3 infrastructure the right way: decentralized.

    From its launch onwards, Pocket Network has stressed Web3 principles in their truest forms. Pocket Network is the first decentralized infrastructure project that can reliably serve applications and projects of all sizes. Our global network of thousands of full nodes now services the data demands of more than 50 different blockchains, and provides developers with constant uptime, optimized quality of service, ease of use, and maximum privacy and censorship-resistance.

    Pocket Network has also scaled with efficiency, reaching and surpassing the milestone of more than 1 billion data relays serviced in a 24 hour period. The future v1 of the protocol will allow for even greater scaling potential, with a focus on quality of service across all nodes in the network.

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  • What is POKT used for?

    POKT is the native utility token that is used on both sides of the Pocket Network ecosystem - with node runners and with Web3 developers. The token is used for:

    • Staking nodes on the network, in order to service blockchain data requests and earn POKT rewards
    • Accessing the Pocket Portal, in order for developers to get network throughput via staking POKT tokens

    Developers can use the Pocket Portal to connect to Pocket Network and start using decentralized infrastructure for their applications. The Portal provides decentralized endpoints in a matter of a few clicks, and offers a generous free tier of 1M data relays per day.

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  • Where Can I Buy POKT?

    Interested in staking POKT to run a node, using it to access our developer Portal, or to simply invest in the future of decentralized infrastructure? POKT is available to purchase on multiple global exchanges - see the Pocket Docs for more information about purchasing POKT.

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  • How is POKT Generated?

    Pocket Network launched its mainnet on July 28th, 2020 with 650M POKT tokens created at genesis. Unlike most traditional block rewards, Pocket Network’s is dynamic; the amount of POKT that is minted is directly proportional to the number of data relays and transaction fees in a given block, with the rewards divided between service nodes, validator nodes, and the Pocket Network DAO that governs the protocol.

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  • What is the all-time high price of Pocket Network (POKT)?

    The all-time high of POKT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Pocket Network (POKT) is 0. The current price of POKT is down 0% from its all-time high.

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  • How much Pocket Network (POKT) is there in circulation?

    As of , there is currently 1.64Bn POKT in circulation. POKT has a maximum supply of 0.

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  • What is the market cap of Pocket Network (POKT)?

    The current market cap of POKT is 77.47M. It is calculated by multiplying the current supply of POKT by its real-time market price of 0.047254135799.

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  • What is the all-time low price of Pocket Network (POKT)?

    The all-time low of POKT was 0 , from which the coin is now up 0%. The all-time low price of Pocket Network (POKT) is 0. The current price of POKT is up 0% from its all-time low.

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  • Is Pocket Network (POKT) a good investment?

    Pocket Network (POKT) has a market capitalization of $77.47M and is ranked #467 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Pocket Network (POKT) price trends and patterns to find the best time to purchase POKT.

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