Mode of Operation of POKT
The Pocket Network (POKT) is a decentralized infrastructure protocol that provides node infrastructure for blockchain ecosystems. It facilitates the operation of decentralized applications (dApps) by connecting them with full-node services.
Owner: The Pocket Network is a decentralized protocol governed by its community and stakeholders.
Uses: Pocket Network is designed to offer decentralized and secure node infrastructure to dApps and other blockchain platforms. It ensures that applications have access to a robust and distributed network of nodes for their operation.
Seed Sale: The project underwent an initial seed sale to raise funds for its development, but the specific details might not be readily available.
Working Principles: The network operates on a relay network model where nodes, known as “relays,” perform blockchain queries on behalf of the applications. These relays are compensated using the native cryptocurrency, POKT, which serves as an incentive for node operators.
Limitations: As with many infrastructural projects, limitations could include scalability challenges, competition from other similar services, and the need for widespread adoption to secure the network and incentivize node operators effectively.
Current Value: The value of POKT can be checked on various cryptocurrency exchanges where it is listed.
How to Buy and Sell: POKT can be purchased and traded on various cryptocurrency exchanges where it is listed. Interested individuals can create an account on these platforms, deposit funds, and then trade for POKT using other cryptocurrencies or fiat money, based on the available pairs.
For the most accurate and updated information, it’s advisable to check the official website of Pocket Network and consult cryptocurrency exchanges that offer POKT for sale.
