What Is POKT Crypto? A Beginner’s Guide to Pocket Network (POKT)

What is POKT Crypto? Pocket Network (POKT) designed to provide decentralized data services for blockchain applications. Pocket Network solves one of the core challenges in Web3, reliably connecting users and developers to blockchain data without relying on centralized intermediaries. 

If you've ever wondered what POKT crypto is and how it fits into the world of decentralized infrastructure, this guide will walk you through everything you need to know.

What Is POKT Crypto?

Pocket Network is a decentralized data platform that enables Web3 applications to access blockchain data securely and reliably. Unlike traditional methods that depend on centralized service providers, Pocket Network operates through a distributed system of thousands of nodes. 

These nodes respond to requests for data from various blockchains, ensuring applications can operate smoothly and privately.

At its core, Pocket Network acts as a bridge between over 50 supported blockchains and the decentralized apps (dApps) built on them. The protocol is powered by POKT, the native cryptocurrency used for staking, rewards, and accessing services within the network. 

Built on a Proof-of-Stake (PoS) model, Pocket Network ensures scalability and performance by rewarding participants for maintaining network health and service availability.

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What Makes Pocket Network (POKT) Unique?

One of the most pressing issues in Web3 infrastructure is the centralization of RPC (Remote Procedure Call) providers. RPC services are essential because they allow apps to interact with blockchains. 

Yet, many of these services are controlled by a few centralized companies, posing a risk to the very principle of decentralization.

Pocket Network was created to address this exact problem. Its founders recognized the contradiction of using centralized tools to build decentralized apps. 

By creating a decentralized RPC layer, Pocket Network enables dApps to communicate with blockchains through a trustless and censorship-resistant network of independent node operators.

This approach not only enhances privacy and reliability but also gives developers around the world access to consistent service quality. The network has already reached major milestones, such as handling over one billion data relays in a single day, a testament to its scalability and growing demand.

Pocket Network (POKT) Missions and Future Development

Pocket Network’s mission is straightforward: to offer open-source infrastructure that is unstoppable, inclusive, and governed by its users. It aims to ensure that developers anywhere in the world can access reliable and cost-effective blockchain data without compromising on decentralization.

The team behind Pocket Network is preparing for major developments in 2025, especially with the upcoming Shannon Upgrade, which will be a significant step forward in the protocol's evolution. Key features of Shannon include:

• Relay Minting: A method to validate and reward trillions of data requests.
• Token Logic Modules: Customizable token functions for scalable network economics.
• Native Multi-Chain Support: Allowing POKT to function across various blockchains, not just the main network.

Beyond just servicing blockchains, Pocket Network plans to expand into broader data support. This includes AI inference, oracle services, indexing protocols, inter-chain communication, and more. The team envisions Pocket as a core infrastructure layer for many aspects of the future internet.

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About POKT Token

The POKT token is the utility asset that powers the entire Pocket Network ecosystem. It plays a key role on both sides of the protocol:

1. For Node Operators: POKT is staked to secure the network and earn rewards by servicing data requests.
2. For Developers: POKT is used to gain access to the Pocket Portal, which allows apps to request blockchain data.

The Pocket Portal offers decentralized API endpoints and includes a generous free tier of 1 million daily relays, making it accessible even for new developers exploring Web3 infrastructure.

POKT’s design encourages active participation in the network, ensuring that the more it's used, the stronger and more decentralized it becomes.

POKT Tokenomics and Distributions

POKT has a thoughtfully designed token distribution model to support long-term growth, decentralization, and sustainability. Below is a breakdown of how the tokens are allocated:

This distribution ensures that both early supporters and long-term builders are rewarded while keeping a significant portion in reserves for future development and governance.

Read also: Pioneering a Sustainable Web3 Ecosystem with RedactedCoin (RDAC)

Conclusion

Pocket Network is not just another blockchain project. It is a foundational protocol that supports the very infrastructure of Web3. By decentralizing the way data is accessed, Pocket Network empowers developers and protects the integrity of decentralized applications.

The POKT crypto token fuels this system, ensuring node operators are fairly rewarded while giving developers access to fast, reliable, and censorship-resistant infrastructure. 

With upcoming upgrades like Shannon and an expanding list of supported services, Pocket Network is positioning itself as a key player in the future of decentralized data access.

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FAQ

Q: What is POKT crypto? 

A: POKT is the native cryptocurrency of Pocket Network. It's used to create a decentralized marketplace where node providers (who run full nodes) can offer data to developers who need to access blockchain data for their applications.

Q: What is the price of POKT? 

A: The price of Pocket Network (POKT) is approximately $0.07028, with a 24-hour trading volume of $70,618,658. Its market capitalization is around $142,056,489 with a circulating supply of 2 billion POKT.

Q: What does Pocket Network do? 

A: Pocket Network provides a blockchain data platform that allows Web3 applications to send and receive data from any blockchain through a network of thousands of nodes. This helps to decentralize access to blockchain data.