If you are feeling concerned about the state of the economy today, trust us, you would not be the only one. The pandemic has left the world in a very precarious position, and things could change by the minute, if not by the second. So, it is natural to feel a little bit anxious about the future.
PKT Cryptocurrency Is Your Best Choice
If you are one of the lucky ones not to have suffered from job loss or astronomical medical bills this year, you might be rethinking how to protect your savings from the volatile market these days. And it seems like the market certainly gets more and more unpredictable every day. Follow this link for more: https://www.researchgate.net/publication/299489456_Stock_Markets_are_Unpredictable_but_Can_be_Exploitable
Just take a look at what happened with the whole GameStop debacle, where the fragility of Wall Street and the Stock Exchange was proven by a bunch of amateur investors from Reddit! If that can happen to the best of them, then what hope is left for those of us just entering the world of stocks?
Moreover, even historically-stable commodities such as oil have been having their dark moments. When the pandemic first came upon us along with the stay-at-home orders, oil was rendered practically useless since no one was driving anywhere!
Sadly, it turns out you can’t even count on real estate to protect your savings, and the Great Recession in 2008 only proved that. Nowadays, buying a house can be especially risky, as you might get stuck paying a mortgage with huge interest rates and no way to profit from it. Click here to read more about it.
So, what is the smart thing to invest your surplus money into? We have an idea! Keep reading if you want to learn about a more intelligent and safer way of keeping your savings. In fact, you might even be able to multiply them!
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The Ingenuity of Cryptocurrency
Since you already clicked on this article, the chances are high that you are familiar with the concept of cryptocurrency. However, as this phenomenon gets larger and larger, it could be easy to get confused and decide which currencies to invest in.
The most famous and widely bought one is, of course, BitCoin. It was created on January 3rd, 2009, by the elusive Satoshi Nakamoto; it was the first electronic currency to use a so-called peer-to-peer network for transferring funds. Some of its early followers include notable e-currency pioneers such as Nick Szabo, the creator of bit gold, and Wei Dai, the founder of b-money.
However, for some, this type of transaction is starting to become outdated. You might wonder how it can be outdated when it is only just exploding in the mainstream? Well, like all things technological, even cryptocurrencies are evolving at the speed of light and trying to get better and more secure every day.
That is where the genius of PKT cryptocurrency comes in. This innovative blockchain tech essentially rewards you with the cryptocurrency of your own choice for sharing your bandwidth with their network. Sounds exciting? There is more!
This architecture turns you into an Internet Service Provider of sorts, which provides access to the PKT network through a device such as your computer. Like Bitcoin, they also use a PKT blockchain to motivate people to become so-called Cloud ISPs and turn their devices into Edge Points. Amazing, right?
To get your money’s worth, though, you first need to provide something called Proof of Work or evidence that you have used bandwidth to help advance the PKT cryptocurrency. Regarding PKT, this Proof of Work is called PacketCrypt, which denotes the amount of energy used by your CPU to create and mine coins.
Conclusion
So, is all the trouble worth it? We certainly think so! While PKT might not seem like a big name right now, and you may be skeptical – remember: they said the same thing for BitCoin! Now, those who dared to risk and put in a bit of effort are rolling in money!
Part of being a techie is keeping up with the neck-breaking speed at which it develops, and cryptocurrency is no exception. If you want to stay on top of things, you must keep an eye out for all the latest developments. Who knows, you might invest in the banks of the future!