What is PKT Cash Crypto and How does it Work?
More and more people are taking a liking to cryptocurrencies and finding ways by which they can earn and invest in them. There are several reasons for why this is so, with perhaps, the most notable one being that their price value seems to be on a regular upward trend.
Many traders have crypto bullish trades that are open for the long term because, over the years, the value of these virtual currencies has been climbing consistently. Although they occasionally dip in value, much like stocks, they are generally considered appreciating assets.
As many people seek additional income streams, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) seem to be a major consideration on most people’s minds. This is no surprise because as mentioned earlier, these assets appreciate over time. The thing with cryptocurrencies is that there are several ways one can earn from them without selling when their value goes up and buying when it drops. One of such ways is peer-to-peer trading. Visit https://en.wikipedia.org/wiki/Bitcoin to learn more about BTC.
Why are Cryptos Soaring in Popularity and Value?
There are many answers to this question, however, one that you’d most likely hear often is that they are highly secured digital currencies. Cryptocurrencies are based on blockchain technology which is why they are so secured and nearly impossible to hack.
What is Blockchain?
Blockchain is a system of recording and storing information that makes it nearly impossible to hack or cheat the system. It is basically a database that stores duplicate information of transactions across the entire network of computers connected to it.
This decentralization protects the network and secures it from any hacking or fraudulent attempts. To change or delete any piece of information, one would have to replicate the same across the whole network of computers connected to the system. Since there are millions of computers in this network, it becomes almost impossible for anyone to succeed in cheating this system.
Blockchain being a decentralized network means that there is no central authority capable of altering or deleting any information on the network. It is run and maintained by all the computers connected to it. This, and the fact that cryptos are protected by cryptography is what makes these digital currencies so secure and foolproof.
Blockchain technology is so secure that it is now being used for several other purposes aside from cryptos. Other notable applications of this technology include secure sharing of medical data, supply chain and logistics monitoring, anti-money tracking system, and decentralized finance (DeFi), among others.
What’s PKT Cash Crypto’s Place in All Of These?
The PKT network offers users a simple, low-cost way of entering the highly profitable and secure cryptocurrency space to earn passive income. It runs on the secured blockchain technology and allows users to exchange their unused bandwidth for PKT cash, the network’s own cryptocurrency. By joining the pktpal pkteer pool, you can begin mining PKT cash almost immediately.
Rather than let your unused bandwidth go to waste, by connecting it to PKT’s growing network you get paid in PKT cash for every 60 seconds that you are connected to the system. You’re basically mining crypto with unused bandwidth. But it gets even better because the PKT network also gives you access to the internet without needing to pay an Internet Service Provider (ISP).
This system is such that the network grows stronger as more and more people connect to it. Running on PacketCrypt as proof of work (PoW), the mining infrastructure is entirely built on bandwidth, the first of its kind.
With a system like this, even users with less powerful CPUs can comfortably mine cryptocurrency. It gives everyone an equal chance to earn income passively. However, the speed at which you can mine PKT cash depends on the strength of your bandwidth and the processing power of your CPU. That said, regardless of the gear you use, you can earn PKT cash by just connecting to the network. Click here to learn more about the PKT cash.
Like most systems built on blockchain technology, there is no central authority. What this means for users is that they control and maintain the network themselves. Also, the absence of a central authority means that transaction and processing fees will be a lot cheaper as there is no governing body to benefit from outrageous fees.