PKT is an open-source project that aims to decentralize access to the internet and help connect the next billion people online. It is an ecosystem of apps that provides an alternative to traditional internet service providers (ISPs). The PKT Network, powered by the people, is on its way to becoming the fastest global ISP. With PKT, users can access the internet through VPN, monetize their unused bandwidth, and share encrypted internet access without relying on an ISP.
The PKT ecosystem uses a unique mining approach called PacketCrypt, which is the world’s first bandwidth-hard proof of work. By connecting their home or office internet to the PKT Network, users can earn PKT Cash (PKT) without requiring permission from a centralized company. Miners play a crucial role in powering the network in a decentralized manner, enabling low-cost and high-speed internet access worldwide.
PKT is a fully decentralized and open-source project, with no company, investors, or pre-mine. It leverages cjdns mesh networking technology and replaces Bitcoin’s SHA256 with PacketCrypt to support a decentralized bandwidth market. PKT has its own cryptocurrency, which can be traded on various exchanges and is also compatible with the Binance Smart Chain. The project’s roadmap is community-driven, and a portion of every mined block goes towards supporting grants for building open-source technology or is burned every 90 days.