In the world today, there are several things one could do to earn a few extra hundred or even thousands of dollars without being fully committed. Kind of like a passive income stream. A few examples are stocks, forex, and affiliate marketing. But without a doubt, what’s really making waves when it comes to passive income is cryptocurrencies. Since their creation, the value of these coins has risen to heights that many never expected.
What are Cryptocurrencies?
Cryptocurrencies or cryptos are virtual currencies that are created and run on blockchain technology. Unlike normal fiat currencies, these ones cannot be handled physically as they are digital. Regardless of their intangible state, they can be used for just about any financial transaction that would normally be carried out with paper money. Click here to learn more about blockchain technology.
These digital currencies are secured by cryptography, making it almost impossible to counterfeit or double spend. Because cryptos are not issued by a central authority, they are basically immune to manipulation or interference from any government.
The two most popular cryptocurrencies are Bitcoin (BTC) and Ethereum (ETH). When Bitcoin was first launched in 2009, it was worth only a fraction of a penny. By 2010, its value had only risen to a meager $0.08. Ethereum was launched in 2015 and by 2016 was still worth under $1.
Fast forward to today, as at the time of writing this article, ETH is worth over $3,000 while BTC is worth over a staggering $42,000. If you had invested a few hundred dollars back when these coins were worth a penny, theoretically, you would have amassed a fortune by now. Under about 13 years!
So, what does this mean? It means that cryptos have proven without reasonable doubt that they are appreciating assets. Furthermore, their use in transactions is becoming even more popular and central banks have begun creating their own virtual currencies. Although the prices of cryptos are known to fluctuate, occasionally taking deep dives, they are generally considered appreciating assets and may be worth investing in.
So, What is PKT Cash Crypto?
To understand PKT cash crypto, we needed to run you through a brief history of cryptocurrencies. PKT cash, like BTC and ETH, is also a cryptocurrency. PKT itself is a blockchain technology that allows users to earn cryptos by sharing their unused bandwidth with its network. Users of this network can access the internet without needing to pay a traditional internet service provider (ISP). For every 60 seconds for which their bandwidth is connected to the network, they are paid PKT cash. Visit https://pkt.cash/ to learn more about PKT cash.
With a system like this in place, people can comfortably earn money by doing almost nothing. Their unused bandwidth does all the work for them. In today’s world, having one stream of income is just not enough anymore. Dabbling into as many ways as possible to earn passively is one way to increase your chances of building wealth over time. Following this initiative, PKT is definitely worth trying your hands at.
Why PKT and Not other Cryptocurrencies?
A great question! You see, entering the crypto market right now is expensive. For you to own a significant amount of BTC for example, you’d have to spend a few thousand dollars. Although you could invest as little as $100 or even $10, it might take a while for you to reap the benefits of your investment.
Joining the PKT network gives you a chance to enter the crypto market with little to no cost at all. You’re simply converting unused bandwidth which you pay for anyway into money. As a matter of fact, PKT’s vision is broader than that.
The network aims to provide faster, cheaper internet access to the next billion people while also giving them a chance to earn. By joining the network, you’d not only be creating an additional income stream but also be contributing to a vision that hopes to change internet access for good.
The network is fast-growing and expanding as more and more people are buying the vision. As of June 2021, over 10,000 wallets have been registered on the network and over 200,000 CPUs are generating about 25Gbps of bandwidth. As more users join the with stronger bandwidths and computer processors, the stronger the network grows and mine more cryptos for those same users.