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Pocket Network
$0.01015
1.22%
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Pocket Network Information
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About Pocket Network
Pocket Network is a decentralized platform connecting various blockchains to serve Web3 dApps’ data needs. It uses a cost-efficient model, supports over 50 blockchains, and employs a PoS consensus mechanism for scalability and data consistency. The POKT token, integral to the ecosystem, is used for staking nodes and accessing the Pocket Portal, offering up to 1 million free data relays per day. The network was co-founded by CEO Michael O’Rourke.
Pocket Network is a decentralized blockchain data platform that connects various blockchains to service the data needs of Web3 decentralized applications (dApps). Utilizing a cost-efficient economic model, it distributes data effectively and supports over 50 blockchains. The network employs a Proof-of-Stake (PoS) consensus mechanism, enhancing scalability and data consistency for dApps.
The POKT token is integral to the Pocket Network ecosystem, serving both node operators and Web3 developers. It is used to stake nodes on the network, enabling them to process blockchain data requests and earn rewards. Additionally, developers use POKT to access the Pocket Portal, facilitating network throughput for application development and offering up to 1 million free data relays per day.
Pocket Network was co-founded by Michael O’Rourke, who also serves as the CEO of Pocket Network, Inc.