: Why bandwidth is needed by a layer-1 Blockchain
Users can tokenize their bandwidth to sell it in a decentralized marketplace. This will help to provide low-cost internet access.
PKT has the only layer-1 blockchain designed to support high-speed internet service and bandwidth trading platforms. PKT employs the first world-wide bandwidth-hard proof of work ( POW) mining solution in order to create an economic incentive and build a high-speed network. PKT is a fork of Bitcoin ( ) and replaces the SHA256 PoW standard by the collaborative PacketCrypt mine protocol.
Users with excess bandwidth can earn PKT Cash (PKT coins) by mining their excess bandwidth. Announcement mining is the act of connecting bandwidth with the PKT Network. Announcement mining uses the CPU of the miner to create small packets and then uses the upload bandwidth to move the data to different PKT mining pool around the globe.
PKT mining pools pay announcement miner because they can mine more blocks with more announcements. Initially, miners only prove they have the bandwidth. However, other use cases such as bandwidth trading marketplaces or bandwidth sharing are being developed.
Pools consume so many announcements, it is necessary to have a high network capacity of at minimum 40Gb/s. This infrastructure is required to build and scale high-speed, high throughput PKT Networks as more people connect to their unutilized bandwidth.
PKT is a decentralized blockchain project following the Bitcoin path. There are no investors, companies, or pre-mines. PKT Network is built entirely by those who connect to it. The focus of the network is to make use of excess bandwidth and help people get access to high-speed, low-cost internet connections around the world.
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