Pocket Network (POKT)
Rank #720
Market snapshot
- Price
- $0.00681348
- Market cap
- $15.9M
- 24h volume
- $313,305.34
- Circulating supply
- 2,338,655,998.518
- Total supply
- 2,376,089,290.5441
- Max supply
- N/A
What is Pocket Network?
Pocket Network is a decentralized data transmission network that enables users to utilize its protocol without the need for intermediaries. It is designed to coordinate global infrastructure, with POKT serving as token for network operations. The network is categorized under various ecosystems, including Ethereum, Solana, and Base, allowing for broad compatibility and integration with different blockchain platforms.
How Pocket Network works
Pocket Network operates as a permissionless network, allowing anyone to utilize its services without a middleman. It employs a decentralized architecture where nodes relay data, ensuring that users can access the information they need. It is important to note that unencrypted data may be viewed in transit by nodes serving relays along the route, which highlights the need for users to be aware of data privacy during transmission.
Key information
- Symbol
- POKT
- CMC rank
- #720
- Network / platforms
Base, Ethereum, Solana
- Categories
- N/A
- Date added
- Sep 12, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Base
0x764A726d9ceD0433A8D7643335919dEb03a9a935Ethereum
0x764A726d9ceD0433A8D7643335919dEb03a9a935Solana
6CAsXfiCXZfP8APCG6Vma2DFMindopxiqYQN4LSQfhoC
Key characteristics
Pocket Network is a data-agnostic, permissionless network, allowing for unlimited data throughput as long as users cover the protocol burn costs. It is structured to support various decentralized applications (dApps) and open data platforms, providing flexibility and scalability. The network is categorized under several tags, including distributed computing and depin.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Pocket Network (POKT)?
- Pocket Network (POKT) is a decentralized network designed to facilitate data transmission across various blockchain ecosystems.
- How does Pocket Network operate?
- Pocket Network operates as a permissionless network, allowing users to access its services without intermediaries, with nodes relaying data.
- What are the key technical features of Pocket Network?
- Pocket Network is a data-agnostic, permissionless network that supports unlimited data throughput and is compatible with multiple blockchain platforms.
- What are the risks associated with transferring POKT?
- Users should verify contract addresses and networks before transferring assets and be aware of the volatility of digital asset prices.
- How can I verify Pocket Network (POKT) before acquiring it?
- Verify the asset name, network, and contract details before transferring. Ensure you understand the custody method.
- Where can I find official resources for Pocket Network?
- Official resources for Pocket Network can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
