[Crypto projects](https://revain.org/projects/) › Pakcoin

# 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

## Key facts

- **Ticker**: PAK
- **Official site**: [pakcoin.io](https://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](https://defillama.com/hacks), [hacked.slowmist.io](https://hacked.slowmist.io/), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [bitcointalk.org/index.php](https://bitcointalk.org/index.php?topic=1096893.0), [github.com/pakcoin-project/pakcoin](https://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](https://pakcoin.io/)
- Source code: [github.com/pakcoin-project/pakcoin](https://github.com/pakcoin-project/pakcoin)
- Block explorer: [chainz.cryptoid.info/pak](https://chainz.cryptoid.info/pak/)
- Whitepaper: [pakcoin.io/pakcoin_whitepaper.pdf](https://pakcoin.io/pakcoin_whitepaper.pdf)
- Forum announcement: [bitcointalk.org/index.php?topic=1096893.0](https://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](https://pakcoin.io/)
- [Pakcoin GitHub repository](https://github.com/pakcoin-project/pakcoin)
- [Pakcoin [ANN] thread on BitcoinTalk](https://bitcointalk.org/index.php?topic=1096893.0)
- [Chainz Pakcoin explorer](https://chainz.cryptoid.info/pak/)
- [Chainz API - total coins](https://chainz.cryptoid.info/pak/api.dws?q=totalcoins)
- [Chainz API - block count](https://chainz.cryptoid.info/pak/api.dws?q=getblockcount)
- [Pakcoin Staklet](https://staklet.pakcoin.org/)
- [Pakcoin E-Wallet](https://ewallet.pakcoin.org/)
- [GitHub API - repository metadata](https://github.com/pakcoin-project/pakcoin)
- [GitHub API - releases](https://github.com/pakcoin-project/pakcoin/releases)

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Page updated: 2026-11-01

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Source: https://revain.org/projects/pakcoin/