Pkt Cash

PKT Cash is a system birthed from the 2010 cjdns project.[1] This project set out to create a sustainable decentralized alternative internet. However, the expansion limits of this project were realized when the costs to run the system became unsustainable without a financial infrastructure.[1] PKT Cash is a cryptocurrency that is designed to provide that financial infrastructure support for the PKT decentralized alternative internet. [2] PKT is a blockchain that enables anyone to become an ISP. Users allocate bandwidth from their local internet connections and build a global, decentralized edge network. It is run by the community for the community [3]

This system creates an economic incentive for people to support the decentralized PKT network when they add bandwidth to the network. [4] PKT cryptocurrency mining is designed to be undertaken using CPU mining rather than GPU or ASIC so that this form of mining is available to many users using regular computers. [5] The cryptocurrency is not currently listed on any exchanges, it is only traded privately. There are no transaction fees. [6]

ReferencesEdit

  1. ^ a b "Project Meshnet". projectmeshnet.github.io.
  2. ^ Luna, Pablo. "About Mining PKT Cryptocurrency".
  3. ^ "PKTCash - Crunchbase Company Profile & Funding". Crunchbase.
  4. ^ "How PKT Cash Provides an Economic Incentive for People to Connect Bandwidth to the Decentralized PKT Network | Cryptopolitan".
  5. ^ https://bigdataanalyticsnews.com/pkt-cash-cryptocurrency-the-right-option/
  6. ^ "Top Tips on PKT CASH Cryptocurrency Trading". LaptrinhX. March 11, 2021.