How to Monetize Unused Internet Bandwidth from BTC Peers

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How to Monetize Unused Internet Bandwidth

The Internet has become an essential part of everyday life, along with utilities such as water, gas and electricity. The reliance on internet connectivity has transformed the way people communicate with each other, as well as the way businesses and economies interact around the world. At the end of 2021, nearly 2/3 of the world’s population is connected to the Internet, i.e. 4.9 billion people. However, despite growing bandwidth requirements, many Internet customers are not using 100% of their bandwidth 24/7. Meanwhile, Internet Service Providers (ISPs) have steadily increased the cost of Internet access by around 4% year over year. New technology software called PKT is giving global Internet customers a way to turn their unused bandwidth into cash.

How does PKT work?

Launched in 2019, PKT is a freeware that monetizes unused bandwidth. Anyone with an Internet connection can easily install PKT’s PacketCrypt software on almost any compatible computer or mobile device. PacketCrypt software performs a mining function called ad mining, which requires hardware processing power and download bandwidth. Each ad miner continuously transmits small packets of data called ads in the PKT network. The ads are then received and used by PKT mining pools to earn PKT Cash ($PKT) mining rewards. PKT Cash is paid out to miners in the PKT network every 60 seconds. When a PKT pool wins a reward, the pool pays each miner a share of the reward based on the bandwidth and processing power provided. The more computing power and bandwidth allocated, the higher the rewards. Although the ads do not contain any sensitive data, this proof of work (PoW) builds a robust, high-speed data network called the PKT network.

How is the Bandwidth (NASDAQ:) Used?

The PKT network is formed as a result of miners connecting their computing power and bandwidth to the network around the world. Ad miners are paid in PKT Cash to expend CPU effort and download speed to prove they have high quality connections. The CPU effort used in PacketCrypt is the same encryption algorithm for VPN, which provides an end-to-end encrypted infrastructure for unlimited real-world network use cases. Initially, the bandwidth is not directly used by the network, so there is no privacy risk. As the PKT network evolves, miners will eventually have the ability to transmit real-world data with end-to-end encryption. This way, there will be opportunities to earn additional revenue streams for sharing bandwidth, authorizing VPN connections, and selling secure and private WiFi access to local neighbors.

Why connect to the PKT network?

PKT is designed to build a high-speed network that is powered by people. This makes it possible to connect new people to the Internet without depending on monopolistic ISPs. The PKT network is a perimeter network that allows individuals and businesses to reuse their unused bandwidth. Currently, the way to access the Internet is to pay a monthly subscription to a centralized ISP. The PKT network is evolving to allow people to share local Internet connectivity through a mesh network. This can create a new opportunity for people to have more choice and competition to access the Internet peer to peer, instead of just going through a traditional ISP.

Is PKT safe?

When ISPs sell Internet access, bandwidth is “use it or lose it”. With PKT, the bandwidth used would normally go unused. PKT allows people to convert their unused bandwidth into passive income. Since PKT mining uses available bandwidth, internet customers should be aware of data caps or any limitations imposed by their ISP. Some unlimited data plans aren’t really unlimited. It is important to determine the value of PKT revenue versus Internet costs.

Since ad mining does not transmit any sensitive data and the bandwidth is not initially used by a third party, there is no risk to the miner. In the near future, real-world data will pass through the PKT network. Since PKT uses end-to-end encryption, it makes the network more secure than the current Internet, which is vulnerable to surveillance and other privacy issues. PKT provides a safe and secure solution to mitigate common vulnerabilities. Internet subscribers often benefit from a false sense of security from their current ISP.

What is the future of PKT?

PKT is a fully decentralized and open-source project with no company, no investor, and no pre-printed currency. The goal of the project is to economically incentivize people to connect their bandwidth and provide low-cost broadband connectivity to people around the world.

ISPs must continually increase their customers’ access costs due to rising infrastructure costs and the need to remain profitable for their shareholders. PKT mitigates this problem by decoupling the cost of maintaining Internet infrastructure from the administrative and networking roles of an ISP. This change aims to reduce the cost of bandwidth and allow people from their homes and offices to improve the availability of Internet access around the world. The vast use cases of the PKT network are shaping a future where consumers pay for the bandwidth they use at a fair price, instead of paying too much for an underutilized, insufficient or unavailable service plan in the event of a need.

The next phase of the high-speed PKT network provides a basic VPN for free, peer-to-peer local Wi-Fi sharing so that people can access the Internet without traditional ISPs, and allow people to easily tokenize their bandwidth and sell bandwidth leases in a decentralized network. bandwidth trading market. Decentralized bandwidth trading will give ordinary people access to the multi-trillion dollar annual global bandwidth markets that are solely dominated by ISPs. PKT’s collective goal is to help bring the next billion people online.

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