Pocket Network

Pocket Network is a decentralized platform for blockchain data, designed to link up with any blockchain to meet the data needs of Web3 dApps. It utilizes cost-effective economic strategies to manage and distribute data on a large scale, using the POKT token to enable the protocol's operations.

The nodes within Pocket Network function as intermediaries, bridging over 50 supported blockchains with their ecosystems of dApps that need access to blockchain data. The network operates on a Proof-of-Stake (PoS) consensus model, which provides scalability and reliable data consistency for these dApps.

The RPC layer of the Web3 stack has faced a significant issue: centralization. The originators of Pocket Network identified this issue while working with Ethereum back in 2016. How can DECENTRALIZED apps be constructed on a foundation of CENTRALIZED RPC providers?

Pocket Network tackles this contradiction of accessing decentralized networks via a few centralized providers, which poses an existential threat to Web3. Recognizing this risk, Pocket Network was crafted to deliver Web3 infrastructure in the proper decentralized manner.

Since its inception, Pocket Network has been committed to embodying true Web3 principles. It's the pioneering decentralized infrastructure project capable of reliably supporting applications and projects of any scale. Our extensive network of thousands of full nodes now caters to the data needs of over 50 distinct blockchains, offering developers consistent uptime, superior service quality, ease of use, and maximum privacy and resistance to censorship.

Pocket Network has also achieved efficient scaling, surpassing the milestone of over 1 billion data relays handled within a single day. The upcoming version 1 of the protocol is set to allow for even more scalability, with an emphasis on quality of service across all network nodes.

POKT serves as the native utility token within the Pocket Network ecosystem, benefiting both node operators and Web3 developers. The token is utilized for:

* Staking nodes on the network to process blockchain data requests and earn POKT rewards
* Accessing the Pocket Portal, which allows developers to obtain network throughput by staking POKT tokens

Developers can harness the Pocket Portal to connect with Pocket Network and start utilizing decentralized infrastructure for their apps. The Portal quickly provides decentralized endpoints and offers a generous free tier of 1 million data relays daily.

Interested in staking POKT for node operation, using it to access our developer Portal, or simply investing in decentralized infrastructure's future? POKT can be bought on various global exchanges. Check the Pocket Docs for more details on purchasing POKT.

Pocket Network launched its mainnet on July 28th, 2020, with an initial supply of 650 million POKT tokens at genesis. Unlike traditional block rewards, Pocket Network's model is dynamic; the volume of POKT minted is directly linked to the number of data relays and transaction fees in a block, with the rewards being shared among service nodes, validator nodes, and the Pocket Network DAO that oversees the protocol.