The world’s first bandwidth-hard blockchain

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2021-06-08 13:00:16

PKT is a blockchain enabling anyone to become an ISP. Users allocate bandwidth from their local internet connections and build a global, decentralized edge network, by the people, for the people.

PKT is a Bitcoin fork, using PacketCrypt, the world's first bandwidth-hard proof of work. PKT is efficiently mined when miners collaborate, and collaboration requires bandwidth and CPU.

Casual miners use idle CPU time to generate small messages called announcements and broadcasts them to block miners who pay for them.

Dedicated miners use specialized equipment to secure the blockchain, but the PacketCrypt algorithm allows them to do less work if they have more announcements, effectively substituting bandwidth for CPU power.

PKT is a native cryptocurrency based on Bitcoin code, making it Lightning Network ready from day one. It is not a token so there is no centralized issuer and no gas fees.

PKT is a new blockchain that rewards users for contributing bandwidth to the network. Nodes broadcast what are called announcements (“anns”) across the network, and Blockminers gather those anns and put them into the blockchain.