PKT Pal (https://pktpal.com) has released a new, open-source, optimized version of the PacketCrypt Proof of Work algorithm used by the PKT blockchain.
The new version of PacketCrypt is 19 to 25 percent more efficient as it uses a more optimized encryption algorithm and omits encryption in certain places where it is redundant.
“PacketCrypt is inherently complex, and in this complexity, there is the potential for optimization opportunities which were not originally foreseen. But in order for the blockchain to be fair, it’s important that nobody has a secret advantage” said Caleb James DeLisle, creator of PacketCrypt and CTO of PKT Pal. “My co-founders at PKT Pal have been nothing short of exemplary in their willingness to provide the resources needed to make sure everybody has a fair shot, whether they buy a PKT Cube or not. In an open-source blockchain project, this is exactly the type of business people that we need.”
Anyone can download the new PacketCrypt version here: https://github.com/cjdelisle/packetcrypt_rs/releases. PKT Pal customers who mine using the PKT Cube can rest easy because updates will roll out in the coming days. PKT Cube owners can also get the update immediately by turning the PKT Cube off and back on again.
PacketCrypt is the first-ever, bandwidth-hard, Proof of Work algorithm. Unlike miners of Bitcoin or Ethereum, PacketCrypt miners are rewarded based on the degree to which they collaborate on the work. Miners transmit data between one another, and therefore can effectively substitute internet bandwidth in place of computation.
PKT is the first layer-1 blockchain for bandwidth. The project is created to decouple the technical and administrative roles of internet service from the boots-on-the-ground role of operating the physical infrastructure.
PKT Pal is a startup that sells a mining and wallet device called the PKT Cube. The PKT Cube makes PKT mining a simple and uncomplicated experience for users.
PKT Pal has also sponsored extensive improvements to the hash-tree computation logic for PKT mining pools, which is a very important part of the performance of PacketCrypt block miners.
About PKT Pal
PKT Pal (https://pktpal.com/) is a technology company building turnkey hardware and software solutions that support the open-source PKT blockchain project (https://pkt.cash/). PKT Pal’s first product is the PKT Cube, a whisper-quiet plug-and-play mining device with innovative features that allows people with minimal technical knowledge to monetize their unused internet bandwidth.
PKT Cube features include a powerful 16-core AMD Ryzen CPU, proprietary PkteerOS operating system, PKT hardware wallet, the ability to earn PKT Cash every 60 seconds from unused bandwidth, and transact PKT payments using a mobile device.
Future functionality includes connecting to a user’s home network from anywhere in the world via VPN, being paid to securely share wifi access with neighbors, and access to a variety of DApps for streaming, gaming, and more. The PKT Cube is now shipping worldwide.
Disclaimer: This is a paid post and should not be treated as news/advice.