Crankk: One-Click Multimining

Lesson 4.12

Crankk: One-Click Multimining

Crankk is a distributed network built on Kadena’s Proof of Work Network, leveraging Proof-of-Network-Participation to expand the utility of the ecosystem into IoT applications. Crankk consists of a network of LoRa gateway nodes governed by Kadena’s Layer 1 Pact Smart Contracts, enabling seamless integration of real-world events into smart contracts and blockchain technology.

The primary objective of Crankk is to develop and maintain a LoRaWAN network that provides robust coverage for IoT devices like smart meters and GPS trackers. Node operators are incentivized by earning tokens through their participation in the network, periodically proving their coverage areas. Crankk is not just building a network; it’s creating a bridge between IoT technology and blockchain, enhancing the functionality and reach of both.

Knowledge check

1. What blockchain is Crankk built on?
  1. Ethereum
  2. Solana
  3. Cardano
  4. Kadena

Answer: Kadena — Crankk is built on the Kadena blockchain.

2. What type of network is Crankk?
  1. Proof-of-Work
  2. Proof-of-Stake
  3. Proof-of-Network-Participation
  4. Delegated Proof-of-Stake

Answer: Proof-of-Network-Participation — Crankk is described as a Proof-of-Network-Participation distributed network.

3. What is the primary function of the Crankk network?
  1. To provide decentralized storage
  2. To facilitate secure online payments
  3. To enable connectivity for IoT devices
  4. To power decentralized applications (dApps)

Answer: To enable connectivity for IoT devices — The goal of Crankk is to build and operate a LoRaWAN network providing coverage for IoT devices.

4. How do users mine Crankk tokens?
  1. By solving complex mathematical problems
  2. By staking Crankk tokens
  3. By providing computational power to the network
  4. By participating in the network and proving coverage

Answer: By participating in the network and proving coverage — Users mine Crankk tokens by participating in the network and periodically proving their existing coverage area.

5. What is the cost of a Crankk mining license?
  1. 50 USD worth of KDA tokens
  2. 100 USD worth of KDA tokens
  3. 150 USD worth of KDA tokens
  4. 200 USD worth of KDA tokens

Answer: 150 USD worth of KDA tokens — The license to mine Crankk costs 150 dollars worth of Cadena KDA tokens.

6. What factors influence a Crankk gateway's ranking?
  1. Location and uptime
  2. Network bandwidth and transaction processing
  3. Unique communication and data traffic
  4. All of the above

Answer: All of the above — The ranking algorithm is based on location, average node uptime, network bandwidth, successful transaction processing, unique communication, and data traffic.

7. What is the name of Crankk's custom operating system?
  1. CrankkOS
  2. KadenaOS
  3. LoRaOS
  4. HeliumOS

Answer: CrankkOS — Crankk developed its own operating system called CrankkOS.

8. What is the purpose of Crankk's "Crankk Up" project?
  1. To provide grants for community projects
  2. To facilitate the development of new DePIN solutions
  3. To allow users to participate in the network without buying a license
  4. To establish partnerships with major tech companies

Answer: To allow users to participate in the network without buying a license — Crankk Up aims to provide an opportunity for users to onboard their gateway on Crankk without buying a license or locking their Crankk tokens.

9. What type of connectivity does "MeshTastic" offer?
  1. Satellite-based
  2. Cellular
  3. Fiber optic
  4. Peer-to-peer LoRa

Answer: Peer-to-peer LoRa — MeshTastic offers peer-to-peer LoRa connectivity.

10. How many tokens can users mine simultaneously using CrankkOS?
  1. Up to 5
  2. Up to 10
  3. Up to 16
  4. Unlimited

Answer: Up to 16 — CrankkOS enables users to mine more than 16 tokens with one click.