Po.et FAQ

How do you take an open, trustless and decentralized system that anyone can write to at basically no cost and determine what information is useful, trustworthy or accurate? What’s to stop someone from copying a famous work, timestamping it to Po.et and claiming it as their own? How do you filter the “good” from the “bad”? Facts from “fake news”? The answers to these questions, these problems, can be crowdsourced by aligning economic incentives of content creators, publishers and curators via competing token-curated marketplaces, using the Po.et token — POE.

The Basics.

What is Po.et?

Po.et is a shared, open, universal ledger designed to record metadata and ownership information for digital creative assets. Po.et is a continuation of Proof of Existence, the first non-financial application of the blockchain. By creating an open platform on the Bitcoin blockchain, Po.et aims to create the most institutional, globally-verifiable record of digital media assets. This record will be a framework for building smart, interoperable media applications using a shared, standard and extensible metadata forma

Is Po.et decentralized?

Yes. Po.et is a permissionless protocol that leverages Bitcoin and IPFS for decentralization. Anyone has the ability to submit and verify claims on Po.et. The Po.et team has made it simple to use different software packages to help make it easy to interact with the Po.et Protocol.

Does Po.et have its own blockchain?

Po.et doesn’t rely on our own blockchain, we use the power of combining Bitcoin (BTC) and IPFS as our sources of decentralization. We use the BTC blockchain as our public blockchain in which to record the hashes that reference IPFS directories. You can read more about this here

Why does Po.et timestamp to the Bitcoin blockchain?

Po.et leverages the Bitcoin blockchain because it is the most proven, secure and immutable chain. The Po.et network dramatically reduces transaction costs by batching transactions together. See our article on scaling Po.et for more information see our post about scaling the network.

What are some potential applications to build using the Po.et Protocol?

- Put together your own search engine ranking system by picking highly trusted curators that only use high-quality content
- Creators can invest in validating claims about their content to ensure its authenticity, originality, and subject matter in order to make more money
- Brands can be sure that their logo is only being used against approved pieces of content* Find other people trying to claim your content as their own to protect your intellectual property
- Establish a provable chain of custody for your academic paper* Marketplaces that fight for your listings and reward loyalty

How does Po.et work from a technical standpoint?

See our high-level overview of the Po.et architecture: https://blog.po.et/breaking-down-po-et-the-architecture-f468216a7ae7

The Token.

What is the Po.et token?

The purpose of the token is to build incentives around the curation of content and claims on the Po.et Network.  As of right now, our focus has been building out the first two stages of the protocol that do not require the token. Read more about it here

Do I have to own POE tokens in order to use Po.et today?

No. The initial parts of the protocol are intended to be as cheap as possible and do not require POE tokens to secure information to Bitcoin and IPFS. However, the node that records transactions must use BTC to secure transactions. Some value-add applications from the Po.et team might require POE tokens in the future. In the upcoming phases of Po.et’s development, we’re exploring incentive-driven mechanisms that would rely on POE. More details can be found at this post

What exchanges is POE listed on?

Currently POE is listed on Binance, EtherDelta, HitBTC,  and OKex.

Will I have to pay in POE to timestamp my works?

No, anyone can run the open-source Po.et node to timestamp their creative works without using the POE token and without joining a marketplace.  However, there may be additional features that require POE to be enabled in Po.et applications that are developed using the protocol.

How will Po.et deal with fraud/plagiarism?

Plagiarism is a very complex problem and not a problem Po.et aims to solve directly.  Instead, we've taken an approach where everyone can make claims about ownership, sign that information with a cryptographic signature, and build up historical reputation on-chain so that a conflict of ownership can be discovered.

Mainnet.

When did Po.et migrate to the Bitcoin mainnet?

Po.et officially moved from testnet to mainnet on November 27, 2018.

What does moving to Bitcoin mainnet mean for the project?

In short, mainnet means protocol maturation for Po.et and the next milestone before we enter our next phase. Po.et CEO, Jarrod Dicker, discusses it more in depth here

Will existing claims from testnet be migrated over to mainnet?

No. We cannot take claims from testnet over to mainnet, specifically because we cannot create a verifiable proof without resigning the content. If you want to migrate your claims from testnet you will need to create new claims on mainnet.

Do I have to swap my POE tokens now that Po.et has reached mainnet?

No, POE is still an ERC-20 token. Po.et going to mainnet refers to the transition from anchoring content and claims to the Bitcoin testnet to Bitcoin mainnet.

What’s next after mainnet?

The current roadmap can be found here: https://www.po.et/roadmap

Other Questions.

Where is the Po.et team located?

We maintain our largest presence in New York City, but our team hails from cities all over the world.

How can I get some swag?

We periodically ship out batches of swag to community members who are contributing to Po.et somehow. If you can code, we’d love your help. If you can think of great ideas for Po.et, we’d love to hear them.

I have another question...

Feel free to email contact@po.et or join our Telegram group and we'll be happy to help!

ECONOMIC OVERVIEW

Ticker
Circulating Supply
Total Tokens
Token Supply
Token Type

POE
3,132,117,783
3,141,592,653
Fixed
ERC-20

How can I purchase POE?.

POE is supported by these exchanges