Pakcoin (PAK): how it works, supply and reviews
In short
- Type
- Own blockchain (UTXO model), peer-to-peer, no central entity per pakcoin.io.
- Staking rewards
- 5 PAK per block to staking nodes.
- Risks and caveats
- The 2015 launch post says 10% of coins were premined for an airdrop and development.
- Checked
- 1 November 2026
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Key facts
- Ticker
- PAK
- Official site
- pakcoin.io
Key facts checked on 1 November 2026 against official sources.
What is Pakcoin
Pakcoin (PAK) is a proof-of-stake cryptocurrency for fast, cheap transactions, driven by a community of volunteers. Its code is open source on GitHub.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Own blockchain (UTXO model), peer-to-peer, no central entity per pakcoin.io. |
| Consensus | Proof of stake (PoSv3) with the Scrypt hash function. |
| Block time | 60 seconds |
| Launched | 22 June 2015, first stable wallet release announced on BitcoinTalk. |
| Block explorer | Chainz (cryptoID) runs a public Pakcoin block explorer. |
Supply and issuance
| Parameter | Details |
|---|---|
| Staking rewards | 5 PAK per block to staking nodes. |
| Inflation | About 3% a year, shared among staking nodes (pakcoin.io, 2026). |
| Maximum supply | 182 million PAK according to the 2015 launch post. |
| Initial distribution | 10% premined for an airdrop and development (2015 launch post). |
What PAK is used for
- PAK is staked by nodes to mint new blocks and earn the block reward.
- PAK pays transaction fees, up to 0.01 PAK depending on size (2015 launch post).
Who develops and governs Pakcoin
- Developer
- A community of volunteers.
- Open source
- Code on GitHub (pakcoin-project/pakcoin); last push 6 March 2026.
- Founders
- Not named; the launch thread is posted by a pseudonymous forum account.
- Target users
- The launch post presents Pakcoin as the digital currency for Pakistani people, open to anyone.
History
| Date | Event |
|---|---|
| 22 June 2015 | Pakcoin launches with its first stable wallet release for Linux and Windows. |
| 16 February 2019 | Pakcoin releases v0.16.1 'Pakcoin POS Wallets' on GitHub. |
| 1 November 2026 | The Chainz explorer shows the chain at block 3693398. |
Security and audits
- pakcoin.io says block minting and network security rest on coin age and stake weight rather than energy-intensive mining.
Security incidents
No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io, rekt.news/leaderboard, bitcointalk.org/index.php, github.com/pakcoin-project/pakcoin
Risks and caveats
- The 2015 launch post says 10% of coins were premined for an airdrop and development.
- Optional cloud staking (Staklet) and the Pakcoin E-Wallet are account-based services on pakcoin.org.
- The 2015 launch post warns that PAK on YoBit ran on a different Pakcoin chain.
Official links
- Website: pakcoin.io
- Source code: github.com/pakcoin-project/pakcoin
- Block explorer: chainz.cryptoid.info/pak
- Whitepaper: pakcoin.io/pakcoin_whitepaper.pdf
- Forum announcement: bitcointalk.org/index.php?topic=1096893.0
Questions and answers
What is Pakcoin?
Pakcoin (PAK) is a proof-of-stake cryptocurrency launched in June 2015, developed by a volunteer community; its launch post calls it the digital currency for Pakistani people.
How does Pakcoin work?
It runs its own peer-to-peer chain with PoSv3 Scrypt consensus, 60-second blocks and a reward of 5 PAK per block for staking nodes.
What is the supply of Pakcoin?
The Chainz explorer reports 86,665,200 PAK on 1 November 2026. The 2015 launch post gave a 182 million total; pakcoin.io now describes about 3% yearly inflation.
Is Pakcoin still active?
Yes: blocks are still being produced (block 3693398 on 1 November 2026) and the GitHub code was last updated on 6 March 2026.
Sources
- Pakcoin - official website
- Pakcoin GitHub repository
- Pakcoin [ANN] thread on BitcoinTalk
- Chainz Pakcoin explorer
- Chainz API - total coins
- Chainz API - block count
- Pakcoin Staklet
- Pakcoin E-Wallet
- GitHub API - repository metadata
- GitHub API - releases
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