PKT is a fully decentralized layer-1 protocol. It is designed to transmit high-speed data around the world and enable internet access without relying on traditional monopolistic ISPs. The PKT Network is operated entirely by the people who participate. There is no central company, no investors, and no pre-mine. PKT technology lowers the barriers to entry into the world of internet service. With PKT, everyone has the economic incentive to provide internet to their neighborhood as an Edge Point or administer technical online services as a Cloud ISP. The PKT ecosystem aims to solve the problem of internet access monopolization from ISPs by enabling people "instant business" opportunities to support and scale the PKT Network worldwide.PKT uses PacketCrypt, the world’s first bandwidth-hard proof of work. You can earn PKT Cash (PKT) when you connect your home or office internet to the PKT Network. PKT uses two types of mining: announcement mining, which anyone can do with a CPU-based device, and block mining, which requires robust infrastructure and networking experience.

PKT is a fully decentralized layer-1 protocol

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The post Private Key Thefts Skyrocket In Q1 2024, With Over $239 Million Stolen In Just Three Months appeared first on Coinpedia Fintech News
A recurring theme in the web3 ecosystem, private key thefts have spiked significantly in March 2024 leaving behind the greatest financial imprints. As per the most recent findings by Web 3 security firm, Certik, private key compromises from March 12 until March 16 cost approximately $22.96 million in losses overall.  These events also show the …

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