 Do you want to learn how to trade stocks and cryptocurrency? Join our community of traders. Go to richpicsdaily.com and find the next 10-bagger. Hey guys, how you doing? This is Rich from Rich to be live and I want to talk to you about a new blockchain project. PKT is a blockchain enables anyone to become an ISP user, allocate bandwidth from their local internet connections and build a global decentralized edge network by the people for the people. This is their website pkt.cash and the world's first bandwidth hard blockchain. So you can see the network bandwidths, encryptions and difficulty, current block reward, coins remaining. So you can see there are 3 billion coins and mined to date 2.9 billion of those coins. What are the features? Bandwidth hard allocating network bandwidth is required to earn mining rewards. Networking, the more connected nodes the faster the network becomes and scalability meets the demands of network operators and infrastructure providers. What is the network? The world's first bandwidth hard blockchain protocol built to incentivize the growth of infrastructure. I've been talking about cryptocurrency since 2017. We've been a big fan of the blockchain and blockchain technology, cryptocurrencies and how it's changing the world. Cryptocurrencies are literally changing the world and the technology in the world at the speed of light and it's these new projects and these new companies that are coming out that we're talking about that we're focused on that are going to be the leaders of the new world and that's why it's important that you put this company on your radar, put it on your watch list. Now remember, Rich TV Live is strictly for information and education purposes. Do your due diligence, do your research before you've said anything that we talk about here in Rich TV Live. All investments are inherently risky and have major volatility. In my opinion, the cryptocurrency world is going through a revolution and this is the number one investment opportunity of our lifetimes. I've never seen anything like what's happening with cryptocurrency in my life. Bitcoin is growing at the pace, if not faster, of the internet. Think about that. Let that sink in. PKT is a native blockchain based on the Bitcoin code. It has a one minute block time uses packet crypt proof of work and has a network steward address which receives 20% of every Coinbase payout. Wow. There are a total of 6 billion PKT which will be mined and rather than an abrupt halving of the payouts, every four years PKT uses a steady decay of 10% every 100 days. So you can see how it works. Payout of PKT versus BTC as percent of total coins. Because PKT is designed for micro transactions, there will be a total of 6 billion PKT mined whereas Bitcoin will max out at 21 million. Furthermore, each PKT is subdivided into 1 billion units, 2 to the 30th power, whereas there are only 100 million Satoshis per Bitcoin. When the Bitcoin price reaches almost 42,000 in January 2021, the price of a Satoshi was four cents. The cost per Satoshi is impractical for micro transactions even with nearby free transacting over the Lightning network. PKT is designed around the idea of fast, cheap transacting in small denominations to enable a bandwidth trading marketplace. PKT cash provides an economic incentive for people to connect bandwidth to the network. The network steward is designed to ensure funding is available to build out decentralized internet infrastructure and open source technology. Network steward. The network steward receives 20% of every Coinbase. The network steward is an address which gets 20% of every new block mine so that developers can finance the building of internet infrastructure and mesh network technology. Unlike a pre-mine or founders fee, the recipient of the network steward payout can be changed by a POS vote. Very cool project. Very cool project. And let's go and see them on Twitter. This is their Twitter so follow them on Twitter. I'm now following them on Twitter and I can hit the bell for notifications so every time they have any big news we can know first. You can join their community if you just click on community here at top of the website. Thank you for your interest in the PKT network in building out the network infrastructure. We are only as strong as the sum of all parts. Please check the various resources available to collaborate and communicate. Put in your email to join the community. Let's do that right now. Join the community. Boom, just like that. Resources participate in the PKT trading group to find buy and sell sides for PKT liquidity. This community resource is open to the public to initiate block trades of PKT. They've got a telegram group, PKT trading group community organized telegram chat for peer to peer buying and selling of PKT. See if I can join their telegram. I'm going to join their group on telegram as well. Just going to hit join group. It's that simple to join their group. Join us and help create a better internet. Connect and collaborate with PKT community members online. PKT.Chat is a project chat, the place to chat with the PKT core developers, get help and support and participate in the project. PKT cash community discussion. Also on telegram, community organized chat for discussing PKT project. PKT community discord, the one stop to talk about everything PKT related, ask questions to community leaders and where to get involved in the PKT network. We showed you the PKT Twitter and the IRC follow the PKT chat main room through the bridge IRC channel. Matrix follow the PKT chat main chat room through the bridge matrix channel and simply contact them. Really simple. They also have a wallet. So you can store your PKT in a PKT wallet and receive and earn PKT control your own private keys back up your wallet by writing short 13 word seed. Just click on set up a wallet and get started. So there are currently two options to get free PKT wallet. And you can command line wallet terminal based full node setup and electron PKT wallet. So you can set up your CLI wallet or set up your electron wallet. And they've got a mobile wallet that's coming soon and a GUI wallet for mining and supports of the Mac only. So you need a Mac to do that. Let's click on mining. So packet crypt, the first bandwidth hard proof of work PKT. In order to begin mining, you will need to set up a wallet and install packet crypt. The packet crypt protocol plus packet plus crypt equals bandwidth plus encryption. Packet crypt is an algorithm designed to encourage cooperation between miners and investment into internet infrastructure for high speed data encryption and decryption. Efficient mining is achieved only if miners communicate between one another and requires bandwidth to be expended in lieu of processor effort. The result is a bandwidth hard POW proof of work that combines two distinct stages, announcement mining and block mining, which together collectively decentralizes the transmission of data across the distributed global network. You can install the packet crypt and announcement mining. Anybody can mine announcements. The announcement stage is where a miner creates a small one KB message, one kilobyte message that proves they did some work. Announcements are then collected by block miners to form blocks. Announcement miners seek to maximize the number of successful announcements, which can be accepted into a block and need to maximize their bandwidth to achieve the optimal mining results. This in turn assures that the network has high throughput. Lunge to a denality and announcement by default is the node's network state, but an announcement can be any bit of data. So simply click on start mining and learn more. Block mining specialized hardware is required to mine blocks. Block mining is the second stage and block miners are the traditional miners in the blockchain sense as they validate the chain and get the payouts. Block miners collect announcements from announcement miners. Block miners get a discount on the difficulty of the work they must do based on the amount of fresh announcements they collect. So they are incentivized to have lots of announcements in memory at the time of mining and to pay announcement miners to keep them supplied. Click start mining and learn more. So you want to start mining, just click on start mining and it will literally break down the process of mining and how to announcement mine. So you can learn all of this. Now what I want to do as well is we're going to go through the deck. So PKT is the internet by the people for the people. What's the big idea monetize the internet? Huge. ARBNB monetizing. Uber monetizing. PKT monetizing the internet. The results network enables decentralized access to the internet by using PKT's open source cloud ISP technology. And I love cloud. Cloud is giving us the ability to store information on the internet on the cloud. PKT incentivizes people to become a cloud ISP. The resulting network enables low cost internet access around the world. Love this. Absolutely. This is a game changer folks. What is PKT? The birth of the Edge network. PKT is an open source community coin with no corporation or investors. PKT provides an economic incentive for people to monetize their internet. Anyone can become a cloud ISP and root bandwidth in the PKT network. Edge points are enabled to contribute and be paid for their bandwidth resources. The result is a powerful distributed network which can be repurposed to provide localized internet access and connectivity. Wow. Technology. Technology is changing so quickly, so fast on the blockchain. This is the future and the more you learn about cryptocurrencies and blockchain and companies and projects like PKT, the faster you will be able to grow your knowledge and the more successful you will become in this new world of blockchain technology. A faster internet thanks to PKT. Network technology meets blockchain. PKT is the next evolution of CJDNS technology which implements an encrypted IPv6 network using public key cryptography invented by Caleb James Delis. The Lyle in 2011, CJDNS powers the PKT network to create a faster decentralized and more secure global internet. Love this. Absolutely love this. This mitigates many of the security and scalability issues that plague existing networks. As more people connect, the network becomes faster. So instead of right now, the way the internet works is when everyone's on Wi-Fi and you get many devices trying to connect, it gets slower. With PKT, when more people are connecting, the internet gets faster. This is a game changer, folks. This is why you need to put PKT on your radar, put it on your watch list. This could potentially be a disruptive game changing technology to everybody's benefit. Introducing PKT cash, the beating heart of the PKT network. PKT cash is a utility coin that is minted every 60 seconds, making its block times 10x faster than Bitcoin. PKT cash is building real world utility such as being used to pay for VPN through a node VPN and soon paying for internet utility bills. Wow. Internet utility bills and mining hardware through PKT PAL. There will be a total of 6 billion coins minted over 63 years. Every 100 days, the dissemination occurs, reducing the block reward by 10%. Intro to Calib, Jane's, the Lyle, the lead PKT developer. Calib is a renowned security analyst, cryptography developer, and internet routing protocol expert. In 2011, he started the CJDNS open source project. In 2014, he joined xWikiSass and started the Cryptpad project. He currently leads development teams around the world working on the PKT code base. VPN technology tokenized, bandwidth, trading, and lightning integration for the PKT network. Calib is a machine technology graduate of the Franklin County Technical School. I'm telling you guys, the blockchain is a new world of IT developers that are creating technology that is going to help the world operate more efficiently, more effectively, and is going to change the world as we know it today. The internet is moving quickly and blockchain is taking developers, putting them together to make the internet better, faster, more efficient, more scalable. This is what the blockchain is. This is what blockchain technology is all about. And this is why cryptocurrencies, Bitcoin, blockchain technology, and these new projects are literally taking over the world and becoming the best investment opportunity of our lifetime. This is literally a revolution that is happening and PKT is on the verge of something special. What makes PKT unique? Internet by the people, for the people. Let's say that again, let that sink in. Internet by the people, for the people. PKT enables everyone to monetize their internet connection. I love it. Instead of paying for internet, we can now get paid to be connected to the internet. As people earn, the network grows. PKT's cloud ISP technology will enable internet access without connecting to a traditional ISP. Game changer, disruptive technology. Token strike is currently under development to enable new tokens to be issued in the PKT ecosystem without slowing down verification speed. This internet by the people, for the people, disrupts the status quo of the multi trillion dollar annual global bandwidth industry. This is much needed, folks. A new proof of work introducing packet crypt. PKT introduces the world's first bandwidth hard proof of work called packet crypt. Instead of SHA-256, the packet crypt proof of work requires bandwidth to be expanded in lieu of processor efforts. This encourages investment into the design and development of hardware, which is useful for ancillary networking purposes. Every PKT cash coin has a value no less than the bandwidth cost expended to mine the coin. The network steward funding the growth of the network. The network steward receives 20% of every block. The network steward grants these funds towards open source projects that will help grow the PKT network. This ensures there is always adequate funding to support research and development. If coins are not spent within 90 days, they burn. I love it. And 320 million plus coins have burned as of April 2021. Burning coins means they're reducing the supply. Everything when it comes to investing is supply and demand. Less coins, more investors means the coin price goes up. The network steward is democratically elected by PKT holders via proof of stake vote. I love it, meaning that people have a say. Token strike introducing a new standard for token issuance. Token strike enables anyone to issue tokens at near zero cost with no gas fees for scalability issues. Free issuance will provide infinite scalability for tokens, including NFTs to be issued, NFTs. Everyone's talking about NFTs, non-fungible tokens, and they're on fire to be issued in the PKT ecosystem. Huge. Additionally, this enables the issuance and exchange of bandwidth tokens in a fully untrusted lightning network transaction. Token strike technology will launch in Q4 of 2021. So we're super early, folks. So what is the CJ DNS? Compact source routing simplified. Released in 2021, CJ DNS technology provides near zero configuration networking. CJ DNS compact routing optimizes traditional routing standards. CJ DNS enables routing devices to become ISPs, which can be subdivided and shared hundreds of even thousands of times. This novel layer two solution operates at the core of the PKT network, the PKT roadmap. So this is the roadmap. You guys can see this very clearly. So the VPN marketplace, VPN is the on ramp and off ramp to the decentralized internet internet shared edge points will be able to share their connectivity with local communities, tokenized bandwidth, color coin technology will represent bandwidth leases to internet backhaul, hardware support, support for antenna hardware will create a fully decentralized edge network. Awareness builds demand, a community coin, a groundswell of social networking is driving awareness for the PKT community, the open source network nature of PKT combined with community engagement has sparked organic visibility and adoption worldwide. Currently a coalition of community members are working together on creating content, messaging, and platform moderation to further expand the community. You guys can see here that they are on Instagram, Twitter, Reddit, Telegram, so medium, so discord. So some of the greatest, largest social media platforms on the planet. So PKT is an ecosystem of emerging companies built on PKT. So they've got PKT pal, love this, a bill pay service that accepts PKT for bill pay, such as phone, internet and other utility bills. Love it. Also enables the ability to buy cloud and mining hardware paid in PKT and node VPN, a VPN marketplace that provides VPN access for free and users can pay for bandwidth speed using PKT. This will foster a bandwidth trading marketplace. And last but not least, PKT is changing the way people think about their internet connection. Join the community. And like I said, guys, we showed you guys, I mean, so much here. They're on Telegram, Discord, PKT.cash, PKT.chat. You can see their Instagram, their Discord and their Telegram. Love to know what you guys think. If you like this video, please smash the like button, comment down below, share the video everywhere and subscribe. They do have a white paper. It looks like this. You can see the internet is one of the most influential inventions of the 20th century. And I told you guys, Bitcoin is growing at the pace of the internet, if not faster. That's why Bitcoin is taking over the world. And most people just don't understand. But we've been following and in the crypto space since 2017. We were one of the first influencers ever to talk about cryptocurrencies, blockchain and blockchain technology. However, in many parts of the world, internet access is controlled by monopoly actors who have the power to gate access, influence public opinion and limit freedoms. In this paper, we propose a new network model that provides a framework for decoupling infrastructure operation from internet service provision. This model builds on the proven concepts of autonomous systems and peering relationships, but moves them to a virtualized domain on top of a global mesh network to finance this network. We introduced the PKT blockchain based on a bandwidth, bandwidth, hard proof of work. We then propose a decentralized bandwidth marketplace where internet service providers, ISPs, lease resources from infrastructure operators, which facilitates competition in both domains. I'm not going to go through all of this because it's it's long. There's a lot of information, but I want to go through some of the key points. We've already talked about a lot of this stuff. But let's just talk about the PKT network architecture PKT network is designed to decentralize internet access around the world. Love it. Enabling by enabling anyone to become an ISP internet service provider. Love it to virtualize the technical aspects of an ISP while decentralizing the local specific role of infrastructure operator. We introduced the concept of the edge point and 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 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 resource within the routing device for a time period. The bandwidth lease consists of a minimum bandwidth guarantee for a time period of over a link between two physical routing devices similar to the traditional TCP slash IP and border gateway protocol BGP networking models. PKT network facilitates the provider customer and peer relationships between cloud ISPs. The relationships are enabled via two key components packet priority and customer bit. And I'm not going to go through all of this. They break it down. Please feel free to go through the white paper, but it breaks down all the key elements of PKT. And I absolutely love what these guys are doing. They are absolutely a game changer. We're going to read some of these key points here. PKT blockchain PKT network utilizes a blockchain 12 to economically incentivize nodes to become edge points and cloud ISPs based on bitcoins code base. PKT replaces bitcoins chat two, five, six hashing algorithm with packet crypt. 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. What's PKT cash? Nodes support the network by expanding bandwidth, CPU time and performing encryption to mint new PKT tokens, coins into circulation called PKT cash. PKT cash provides an incentive for miners to increase network throughput at the edge. PKT cash is designed for micro transaction scalability with a one minute block time that makes it 10 times faster than Bitcoin. 10 times faster than Bitcoin and just over 1 billion atomic units per coin instead of bitcoins 100 million. There will be 6 billion total coins issued over a period of 63 years, all with no central issuer. Block rewards undergo a recurring dissemination whereby distributions reduce by 10% every 100 days. Each dissemination ensures a smooth issuance to K. So there's so much information here. We'd love for you guys to go through it. Do your research, do your due diligence. All of that information is on the website. And let's go back to the website right here. You can find all of that information on the white paper. And once again, PKT is the world's first bandwidth hard blockchain. Left to know what you guys think. I'm a huge fan. If you guys own this coin, if you guys are interested in this project, if you guys would like to contact the company, please feel free to communicate with me, message us. If you like this video, smash the like button, share the video everywhere. And if you haven't subscribed yet, subscribe for more updates, hit the bell for notifications. So every single time we have a new project, we're interviewing a CEO. We're talking about something new and exciting. We have breaking news. You'll find it first. If you're not winning, you're not watching, we bring the winners and we bring them to you first. What do you think about PKT? I think it has a chance to be a huge winner. We've been doing cryptocurrencies and bringing cryptocurrency education to the world since 2017. One of the first early adopters of cryptocurrency and our entire community here at Rich TV Live is learning and trading cryptocurrencies. I told you guys, if you like to be a part of the club, go to richpixdaily.com where you too can learn about trading cryptocurrencies and be a part of the blockchain and the cryptocurrency revolution. And you too can learn about PKT. Thank you guys for watching. This is your boy Rich from Rich TV Live. This is a rocket. And I always say, once you want to put a rocket in your pocket, why not guys? And why not get in first? We like to bring you winners and we like to bring them to you first. We like to identify early, undervalued, underappreciated, under exposed projects. PKT is one of those. Let me know what you guys think. This is Rich from Rich TV Live and I'm out. Peace.