PKT Pal Presents PKT Cube, a Bandwidth Mining Device
PKT empowers people around the world to connect, making Internet access possible, without requiring a traditional Internet service provider
PKT Pal co-founder Josh Berger who announced the ‘PKT Cube’, a powerful edge computer designed to monetize unused internet bandwidth. This easy-to-use technology connects to the PKT blockchain, a layer 1 protocol powered by PacketCrypt, the world’s first bandwidth-hard proof of work (PoW). The PKT Cube is a whisper-quiet, plug-and-play mining device that enables anyone in the world to monetize their unused internet bandwidth, and compensates users in PKT Cash every 60 seconds “for bandwidth that has already been paid for and is currently being wasted,” according to co-founder of PKT Pal, Josh Berger, in his address to the audience of key cryptocurrency investors and influencers who gathered in Monaco for the European CoinAgenda event.
“From February 1996 to December 2020, prices charged by internet service providers have increased by 250 percent, which comes to 3.9 percent per year. These organizations have an 80 percent profit margin before interest, taxes, depreciation, and amortization. And consumers are paying the price, as they are defenseless against rate hikes from their local providers and monopoly ISPs,” Berger said.
“The good news for consumers is there’s another way. PKT is an open-source community project offering an exciting solution that would monetize a household’s internet connection by enabling anyone to become an ISP to their local community and make passive income from their internet connection, which has always been viewed as a hard cost of living,” he added.
More than a mining device, each PKT Cube functions as an edge point powering the PKT Network. While mining PKT Cash does not require a PKT Cube, PKT Pal hardware devices come preloaded with a proprietary operating system called PkteerOS, designed to make earning PKT Cash as easy as plugging in the device and using a mobile app. The PKT Cube is powered by the powerful 16-core AMD Ryzen 9 CPU, and provides an eye-pleasing dashboard and access to dApps, including Bill Pay, launching in 2022, which will enable people to pay their utility bills, such as their internet costs, using their PKT Cash earnings.
The first step in building the PKT Network is providing infrastructure through bandwidth mining. When mining, people are transmitting ‘dummy data’ using the PacketCrypt algorithm, which ‘plumbs the pipes’ by requiring consistent upload and down capabilities. This mining process accomplishes two things: 1) it establishes and sustains the high-speed bandwidth availability and connectivity of the PKT Network (currently pushing over 100gbps sustained), and 2) the PacketCrypt mining algorithm utilizes the same type of encryption used in VPN technology, which optimizes the PKT Network to soon provide low cost, high-speed VPN to consumers. Initially, people’s bandwidth is not being used to transmit any unique data, however, users will eventually be able to permission VPN usage to earn additional PKT Cash payments.
The PKT Network is completely end-to-end encrypted, which provides users more privacy and safety than their current internet connection. The PKT technology roadmap will eventually enable people to provide internet access to their neighbors via localized mesh networks (worldwide) and wifi-sharing using cjdns technology. Through community participation and economic incentives, the PKT Network infrastructure is completely decentralized with no venture capital investment, no company, no CEO, and no pre-mine.
CoinAgenda is currently in progress at the Le Méridien Beach Plaza in Monaco. The event began on September 27 and is covering the future of cryptocurrency, blockchain and quantum technologies, decentralized finance (DeFi), fintech, privacy, scaling solutions, token economics, payment and infrastructure platforms, Web 3.0, non-fungible tokens (NFTs), and legal and regulatory issues in blockchain investing.
Similar Technology Providers
If data is the new oil and each user is their own oil well, people don’t have to settle for their data being a commodity, the use of which is often beyond their control. While Amazon's Sidewalk claims to use multiple layers of encryption to secure their network, and states users won't be able to access any information about other people's devices, it is assumed that only Amazon can exploit the user data however they see fit.Vilo, on the other hand, offers an affordable mesh Wi-Fi system, but struggles to provide capable connectivity for bandwidth-heavy tasks. Plus, the Vilo app is both slow and unfinished, disappointing those looking for a complete mesh network with reliable connection speeds. Similar to Amazon, Vilo claims to not grant access to information from other users’ devices, leaving the company firmly in control of, and responsible for data privacy.
What’s Ahead for PKT
PKT is currently in Phase 2 of its four stage roadmap. The PKT roadmap is community driven, and focused on building real world utility for PKT Cash and scaling the PKT Network worldwide. Phase 2 includes PKT’s own token issuance protocol called TokenStrike, which will enable bandwidth to be tokenized and transacted in micro-transactions. Tokenizing bandwidth enables internet access to be available for underserved communities at reduced costs. Other notable technologies include: a VPN marketplace with a minimum cost of free, the ability to issue NFTs without gas fees, and access to the internet without needing to pay a traditional ISP.“PKT is the next evolution of the cjdns project, which I have worked on for the past ten years,” said Caleb James DeLisle, Lead Developer at PKT and founder of CJDNS SASU. “While cjdns established the protocol for building mesh networks with minimal technical knowledge, PKT adds the financial component to pay for the build-out of hard infrastructure through a decentralized bandwidth marketplace. The vision is that PKT will help get the next billion people online through a faster, lower cost, and more participatory internet.”
DeLisle recently revealed the funding agreement between CJDNS SASU and NGI-LEDGER (https://ledgerproject.eu/), that secures funding for SafePKT, an offshoot project bringing automated software verification to technologies in the PKT (https://pkt.cash/) blockchain and ecosystem. NGI-LEDGER is a European Commission’s initiative that aims to shape the development and evolution of the Internet.
To learn more about PKT and its ecosystem, please visit the official PKT Website, PKT Chat and Telegram group.
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ABOUT cjdns
Created by Caleb James DeLisle, cjdns (https://github.com/cjdelisle/cjdns) is an open-source mesh routing protocol designed to create easily configured decentralized networks while enabling an always-on end-to-end encryption and cryptographically generated IPv6 addressing without requiring a centralized issuer like a traditional ISP.
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