Buy Pocket Network (POKT)
What is Pocket Network?
Pocket Network is a decentralized blockchain data platform designed to meet the growing demands of Web3 and decentralized applications (dApps). It serves as a bridge connecting over 50 supported blockchains with their respective dApp ecosystems, facilitating reliable and cost-effective access to blockchain data.
How does Pocket Network work?
Pocket Network operates a decentralized network of nodes that act as relayers between developers and blockchain networks. This network supports various blockchains, providing a standardized API for developers to interact with. It uses a Proof-of-Stake (PoS) consensus mechanism, where node operators stake the native token, POKT, to participate and earn rewards. The system incentivizes reliable data access, with rewards distributed for relays served.
What are the potential use cases for Pocket Network?
- Decentralized Infrastructure for Web3 Applications: Supports Web3 applications by providing decentralized RPC access to blockchains, making it ideal for industries like DeFi, NFTs, and blockchain gaming.
- Censorship-Resistant Data Access: Utilises a decentralized network to ensure reliable and high-uptime data for sectors like DeFi and NFTs.
- Scalable and Cost-Effective Data Relay: Offers a scalable solution for high data requirements, beneficial for decentralized exchanges and blockchain analytics.
- Privacy and Resilience: Collaborations enhance privacy, making it suitable for applications like decentralized identity services.
What is the history of Pocket Network?
Pocket Network was founded by Michael O'Rourke and Luis de Leon, born from discussions during daily commutes in Sarasota. It began designing its protocol in 2017, later forking Tendermint in 2020. The network has grown significantly, supporting billions of relays per month and forming notable partnerships. Technological advancements include the adoption of Rollkit and Celestia as part of its Shannon Upgrade, reflecting its ongoing adaptation and expansion in the Web3 ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of Pocket Network (POKT)?
The Pocket Network price is $0.05396018 AUD, representing a -3.74% from the day prior.
Where is the best place to buy Pocket Network (POKT) in Australia?
The best place to buy Pocket Network (POKT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Pocket Network (POKT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Pocket Network (POKT)?
The trading volume of Pocket Network (POKT) is $880.1K AUD in the last 24hrs, representing a -3.74% from the day prior.
How can I buy Pocket Network (POKT)?
Pocket Network (POKT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Pocket Network (POKT)?
The current market cap of Pocket Network (POKT) is $90.3M AUD.
Can I convert Pocket Network (POKT) to cash?
Yes - With Coinstash you can convert your Pocket Network (POKT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Pocket Network (POKT) are there?
The current circulating supply of Pocket Network (POKT) is 1.7B.
Is Coinstash a safe place to buy Pocket Network (POKT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Pocket Network (POKT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.