Obeah Bridge, otherwise known as ODApp, (https://odapp.io/), a decentralized application bridge connecting PKT and Binance Smart Chain (BSC) ecosystems, today announced that public trading of the wrapped version of PKT Cash (https://pkt.cash) called wPKT, is now live on PancakeSwap.
ODApp converts PKT Cash ($PKT) into wPKT, a new Binance Smart Chain BEP20 cryptocurrency token on a 1:1 basis. This PancakeSwap listing comes as interest in the PKT project has grown exponentially, gaining viral awareness by enabling people worldwide to monetize their home or office internet bandwidth.
WPKT provides the PKT ecosystem access to the world of decentralized finance (DeFi) on BSC. ODApp is working to further expand global liquidity by also developing the ability to swap wPKT onto Ethereum (ETH), as well as Polygon (MATIC) and Solana (SOL), which all share the PKT vision for decentralized infrastructure.
–Vishnu Seesahai, Co-founder of ODApp
If you look at how the PKT community has grown over the past 24 months, it’s no surprise that it’s ramping up as a serious layer 1 blockchain protocol. Now that PKT can be swapped for a BEP20 or ERC20 token, it introduces PKT to the largest and most mature cryptocurrency communities in the world, and provides access to yield farming, lending and staking in the DeFi space.”
This launch of wPKT on PancakeSwap is the first DEX listing for the PKT Cash cryptocurrency.
The purpose of the PKT project is to build a global decentralized ISP powered by the people who are economically incentivized to support the network.This infrastructure powered by the people will eventually enable people to gain access to the internet without paying a traditional ISP via mesh networking.
For more information about PKT, please visit the PKT website and the PKT Telegram.
PKT (https://pkt.cash/) is a decentralized high-speed data network that enables anyone to monetize their unused internet bandwidth. Powered by PacketCrypt, the world’s first bandwidth-hard proof-of-work, people who connect to the PKT Network are paid in PKT Cash ($PKT) every 60 seconds. PKT provides an economic incentive for people to grow internet connectivity and infrastructure with minimal technical knowledge. As the network grows, PKT drives bandwidth demand, which in turn drives down the cost of bandwidth, increases the speed of the PKT Network, and improves internet connectivity in both urban and rural areas worldwide.
Launched to mainnet in 2019, PKT is a completely decentralized, open-source project with no company, no investors, and no pre-mine. There are currently an estimated 200,000 CPU cores providing the infrastructure for PKT and mining PKT Cash globally. PKT Cash mining difficulty has increased 1,100x since January 2021, currently generating a sustained 100gbps of bandwidth, with peaks over 130gbps.
PKT is an extension of the cjdns mesh networking protocol, created by PKT Lead Developer Caleb James DeLisle in 2011. PKT continues the cjdns vision by allowing anyone to share their internet and become an internet service provider (ISP).
For more information, please visit the official ODApp, PKT Website and PKT Telegram
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.