Name : Pocket Network (POKT)

POKT Price : $0.153 -1.79%

Consensus Mechanism : Token

Volume: 2,324,521

Market Cap: 251,240,066

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Last Screening: Q1 2024

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Overview

Pocket Network is a decentralized blockchain data platform designed to connect Web3 dApps with any blockchain, offering cost-efficient data distribution at scale through its POKT token. Comprising applications, nodes, and a network layer, it facilitates Relay Requests between applications and servicers, ensuring efficient data routing and response forwarding. With security measures enforced via staking, it penalizes actors for non-compliance. Upgrades like the Morse and Shannon Protocols further enhance its capabilities, with features like Groves and Nodies expanding RPC services. The ecosystem is supported by tools like Node Pilot for node deployment, empowering developers with reliable, affordable, and high-performing RPC services.

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