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Pocket Network

POKT

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About Pocket Network

Pocket Network (POKT) is a decentralized blockchain data platform that aims to service the data demands of Web3 decentralized applications (dApps). The platform uses cost-efficient economics to distribute data at scale, facilitated by the POKT token. Pocket Network nodes serve as a middle layer, connecting over 50 supported blockchains with their respective dApp ecosystems. The network operates on a Proof-of-Stake (PoS) consensus mechanism, striving to provide scalability and data consistency for dApps.

Pocket Network operates by addressing the paradox of accessing decentralized networks through a limited number of centralized service providers. It aims to provide a decentralized infrastructure that can reliably serve applications and projects of all sizes. The network has thousands of full nodes that service the data demands of more than 50 different blockchains, providing developers with constant uptime, optimized quality of service, ease of use, and maximum privacy and censorship-resistance. The POKT token is used for staking nodes on the network and accessing the Pocket Portal, which allows developers to connect to the network and use decentralized infrastructure for their applications.

Pocket Network seeks to serve as a decentralized infrastructure for Web3 applications and projects. Developers can use the Pocket Portal to connect to the network and start using decentralized infrastructure for their applications. The portal provides decentralized endpoints with a few clicks and provides a tier of 1M data relays per day. The POKT token can be used for staking nodes on the network to service blockchain data requests and receive POKT compensation. It can also be used to access the Pocket Portal for network throughput.

Pocket Network was launched with the aim of addressing the centralization issue in the RPC layer of the Web3 stack. The founders realized this problem after experimenting with Ethereum in 2016 and designed Pocket Network to provide a decentralized solution. The network launched its mainnet on July 28th, 2020 with 650M POKT tokens created at genesis. The amount of POKT minted is directly proportional to the number of data relays and transaction fees in a given block, with the compensation divided between service nodes, validator nodes, and the Pocket Network DAO that governs the protocol.

Market

France Market Stats

Market cap

€225.8M

Volume (24h)

€1.7M

Circulating supply

1.6B POKT

All time high

€2.89

Price change (1h)

+0.71%

Price change (24h)

-2.98%

Price change (7d)

-21.49%

France News about Pocket Network

BeInCrypto • Apr 27, 24

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries.The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto.

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Decrypt • Apr 27, 24

This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again

Bonk, Pepe, and Floki are among the biggest gainers of the past seven days.

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BeInCrypto • Apr 27, 24

5 Altcoins You Should Keep an Eye on in May

These crypto assets have been overlooked in the past few weeks but the coming month could change things up.The post 5 Altcoins You Should Keep an Eye on in May appeared first on BeInCrypto.

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Unchained • Apr 26, 24

New Bitcoin Exchange Traded Product Launches in Germany, Chasing 24/7 Trading

A fresh entrant to the exchange traded spot bitcoin market has launched with an extended-hours trading twist. ETC Group, a crypto exchange traded product (ETP) issuer with about $1.5 billion of assets under management, on Thursday launched its ETC Group Core Bitcoin ETP. It trades on the German s...

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The Block • Apr 26, 24

Arkham Intel finds wallets associated with Wisdomtree’s Physical Bitcoin ETP WBIT

WBIT holds 8,900 BTC, worth around $579 million, across 134 wallets, Arkham Intel finds.

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The Defiant • Apr 26, 24

Bitcoin Layer 2 Stacks Prepares for Nakamoto Upgrade, its Largest Hard-Fork Ever

The network is “transforming into a true Layer-2” said Rena Shah of Trust Machines.

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Pocket Network is on the decline this week.

The price of Pocket Network has increased by 0.71% in the last hour and decreased by 2.98% in the past 24 hours. Pocket Network’s price has also fallen by 21.49% in the past week. The current price is €0.14 per POKT with a 24-hour trading volume of €1.66M. Currently, Pocket Network is valued at 95.24% below its all time high of €2.89. This all-time high was the highest price paid for Pocket Network since its launch.

The current circulating supply of Pocket Network is 1,639,345,851 POKT which means that Pocket Network has as total market cap of 1,639,345,851.

FAQ

What is the current price of Pocket Network?

We update our Pocket Network to EUR currency in real-time. Get the live price of Pocket Network on Coinbase.

What is the market cap of Pocket Network?

The current market cap of Pocket Network is €225.75M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Pocket Network?

The all-time high of Pocket Network is €2.89. This all-time high is highest price paid for Pocket Network since it was launched.

What is the 24 hour trading volume of Pocket Network?

Over the last 24 hours, the trading volume of Pocket Network is €1.66M.

What other assets are similar to Pocket Network?

Assets that have a similar market cap to Pocket Network include PAX Gold, Zilliqa, Holo, and many others. To see a full list, see our comparable market cap assets.

How many Pocket Network are there?

The current circulating supply of Pocket Network is 1.6 billion.

Can I buy Pocket Network on Coinbase?

No, Pocket Network is not currently available on Coinbase, but you can sign up to get the latest news on Pocket Network and be notified when it gets added to our exchange.

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