In the latest episode of Crypto 101, Michael O’Rourke, co-founder and CEO of Pocket Network, discusses the critical relationship between decentralization and censorship resistance in the cryptocurrency space. He emphasizes how these principles are integral to the functionality and security of decentralized networks.

Key Insights from Michael O’Rourke

• Decentralization and Censorship Resistance: O’Rourke explains that decentralization is essential for ensuring censorship resistance. By distributing control across a network of nodes, Pocket Network mitigates risks associated with centralized points of failure, which can be vulnerable to censorship and attacks. This structure empowers users by providing them with uninterrupted access to services and data
• Pocket Network’s Role: Pocket Network operates as a decentralized infrastructure provider for Web3 applications, functioning similarly to a decentralized version of traditional cloud services like AWS. It incentivizes nodes to offer reliable access to decentralized applications (DApps) through its native utility token, POKT. This model not only enhances accessibility but also promotes a more equitable financial ecosystem
• Token Economics: The economic model of Pocket Network requires both developers and node operators to stake POKT tokens, aligning their interests with the network’s health and performance. This staking mechanism is designed to ensure that participants are invested in maintaining the integrity and efficiency of the network
• Future Developments: O’Rourke also touches on future plans for Pocket Network, including enhancing its governance structure through community involvement and further decentralizing operational control. He acknowledges past decisions regarding decentralization and emphasizes the importance of adapting strategies based on evolving market conditions and community feedback

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Guest Links:
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www.pokt.network/

Show Links:
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Facebook:
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