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What is Pocket Network?
Pocket Network is a protocol designed to support hosting decentralised RPC nodes for applications across a wide range of blockchains. The network achieves this by running tens of thousands independent, secure nodes across over 30 blockchains, including Ethereum and Polygon.
The primary purpose of the Pocket Network project is to provide app developers access to servers with constant uptime. By spreading bandwidth between an abundance of node validators, the protocol intends to create a truly decentralised Web 3.0. For example, connecting a wallet such as Metamask to a DEX sends your data through a centralised cluster of RPC nodes, leaving users at risk of server failure. Pocket Network addresses this by providinag low-cost solution for businesses looking to deploy and interact with blockchain-based infrastructure – no matter how big or small.
Pocket Network utilises a Proof-of-Stake consensus mechanism, where validators can run nodes using the protocol’s native token, POKT. These tokens can also be used for transaction fees.
Pocket Network (POKT) is the 180th largest cryptocurrency in the world by market cap, valued at $226,981,484. The current price of Pocket Network is $0.30593616, which is -2.720% lower than yesterday. Prices have ranged between $0.34817974 and $0.29329958 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
Pocket Network (POKT) price
Use our graph to track the performance of (POKT) over time.Pocket Network at a glance
Coin symbol | POKT |
---|---|
Coin Marketcap | AUD$226,981,484 |
Total POKT supply | 1,203,366,446 |
Circulating POKT | 1,052,102,284 |
Current price | AUD$0.30593616 |
All time high | AUD$6.2764 |
All time high date | January 16, 2022 |
Notable team members | Daniel Wang |
Partnerships | Berkley University, O3 |
Pocket Network price performance over time
Historical prices compared with the price of $0.30593616.
1 hour | 2.27% |
---|---|
24 hours | -2.72% |
7 days | -30.31% |
14 days | -54.97% |
30 days | -68.61% |
---|---|
60 days | -71.66% |
200 days | N/A |
1 year | N/A |
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Disclaimer: Cryptocurrencies, including Pocket Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of POKT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pocket Network or any other cryptocurrency discussed.
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