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.
## 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.
## 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.
## 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.
## 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.
How to buy POKT on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing POKT. Some reputable platforms includeBybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing POKT.
Step 5: Purchase POKT
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of POKT you wish to purchase. Typically, you'll choose to POKT USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy POKT.
Step 6: Store Your POKT
After purchasing, you can choose to store your POKT in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and POKT assets, be sure to use a strong password and enable two-factor authentication.
POKT Price:POKT Network provides elastic and scalable RPC (Remote Procedure Call) services at the lowest cost. You can access these services through existing gateways or host your own gateway.The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
Recommended Similar Coins: TRAC、AKT