PKT.CASH - The world’s first bandwidth-hard blockchain protocol

PKT.CASH - The world’s first bandwidth-hard blockchain protocol - RICH TV LIVE - MAY 11, 2021 - PKT NETWORK ARCHITECTURE PKT Network is designed to decentralize internet access around the world by enabling anyone to become an ISP. To
virtualize the technical aspects of an ISP, while decentralizing the location-specific role of infrastructure operator,
we introduce the concepts of the Edge Point and the Cloud ISP. An Edge Point is a device that is operated by an
individual, business, or community group, is open to the public and provides access to the PKT Network. A Cloud
ISP is a hybrid between a traditional ISP and a VPN provider. Cloud ISPs aggregate and broker Edge Point
bandwidth leases and handle the administrative roles of providing internet service for their customers. PKT
Network’s Cloud ISP system is designed around two types of virtual assets, which are: the virtual router lease and
the bandwidth lease. A virtual router lease is a temporary right to resources within the routing device for a time
period. The bandwidth lease consists of a minimum bandwidth guarantee for a time period over a link between two
physical routing devices. Similar to the traditional TCP/IP and Border Gateway Protocol (BGP) networking models
[1], PKT Network facilitates the provider, customer and peer relationships between Cloud ISPs. These relationships
are enabled via two key components: 1) packet priority and, 2) the customer bit.

PKT BLOCKCHAIN
PKT Network utilizes a blockchain [12] to economically incentivize nodes to become Edge Points and Cloud ISPs.
Based on Bitcoin’s codebase, PKT replaces Bitcoin’s SHA-256 hashing algorithm with PacketCrypt, the first ever
bandwidth-hard proof of work. PKT also introduces a novel mechanism called the Network Steward to fund
development, including internet infrastructure and network technology.

#pktcash #blockchain #richtvlive

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