PKTWallet

The command line PKT wallet.

For an easy-to-use wallet which works on Windows, Mac and Linux, see PKT Electrum instead but electrum is not appropriate for mining.

Installation and setup

Microsoft Windows

If you are on Windows:

MacOS and Linux

Follow the installation process. Then once it is installed, you can create your wallet.

Creating a wallet

To create a new PKT wallet, use the pktwallet --create command:

./bin/pktwallet --create

You will be prompted to follow a few steps, make sure you write your seed words on paper so that you can recover your funds even if your computer is damaged.

Launching pktwallet

After creating your wallet, you can launch pktwallet with:

./bin/pktwallet

Watch the output from the logs and when you see a log line like this:

1608294386 [INF] headerlogger.go:64 Processed 1 block in the last 24.82s (height 702781, 2020-12-18 13:26:01 +0100 CET)

Compare the height number in the log line (e.g. 702781) to the number in the pkt block explorer to see when your wallet is up to date.

You may leave pktwallet running in the background or start it only when needed.

Creating a new PKT address

while pktwallet is running in the background (in another terminal window), use the following command:

./bin/pktctl --wallet getnewaddress

You should see an a series of numbers and letters beginning with pkt1, this is your address which you can use for receiving coins.

NOTE: Every time you use getnewaddress, the address you receive must be remembered by pktwallet forever so only use it when you actually need an address.

Getting your balance

You can check your current PKT balance using pktwallet, or you can check the balances of each of your addresses.

./bin/pktctl --wallet getbalance

Or:

./bin/pktctl --wallet getaddressbalances

For more explanation of the meaning of the output of getaddressbalances, use:

./bin/pktctl --wallet help getaddressbalances

Sending PKT

You can send someone PKT using the sendtoaddress command, but first you must unlock your wallet for sending. In this example, we’re keeping the wallet unlocked for only 60 seconds, you can change the number at the end to your liking.

./bin/pktctl --wallet walletpassphrase <password you used when creating wallet> 60

Then send cjd a 10 PKT tip:

./bin/pktctl --wallet sendtoaddress pkt1qt8xe7dwpelngtcpsgn5nkj3pwwdm7gf3l4auax 10

Sending PKT privately using sendfrom

Pktwallet gives you control over which addresses are used for making a payment. This means you can keep different PKT in your wallet separate, for example separating business transactions from personal transactions.

NOTE: PKT is not a "privacy coin", so transactions are still shown in the blockchain like with Bitcoin.

./bin/pktctl --wallet walletpassphrase <password you used when creating wallet> 60

Then send 10 PKT to "their address" from "your address".

./bin/pktctl --wallet sendfrom <their address> 10 '["<your address>"]'

Notice the '[", this is because the last argument is actually quoted JSON array, this means you can use multiple addresses as the source of a payment. For example:

./bin/pktctl --wallet sendfrom <their address> 10 '["<your address>", "<your other address>"]'

Sweeping an address

With pktwallet, sending 0 PKT has a special significance that it will send "as much PKT as possible". To sweep <old address> address into <new address>, you can use the following command:

./bin/pktctl --wallet sendfrom <new address> 0 '["<old address>"]'

NOTE: Sweeping an address will send as much PKT as possible which is not necessarily all PKT in that address, you may need to sweep multiple times before the address is empty, see Folding coins.

Folding coins

If you are the recipient of many transactions, you may not be able to spend all of them at once, just like someone who is paid in pennies would not be able to use their pennies to buy a car. To solve this issue, you can aggregate all of the coins which were paid to you by folding.

Folding is sweeping an address to itself, for example:

./bin/pktctl --wallet sendfrom <address> 0 '["<address>"]'

You will want to fold an address down until there are fewer than 100 unspent outputs, to see the number of unspent outputs check outputcount from getaddressbalances or go to the PKT block explorer, enter your address, and check the number of "Unconsolidated Txns".