There is power in numbers and this is one of the things that the emergence of cryptocurrency has taught us. A lot is bound to happen when we all join hands together to develop a system.
This has been the experience with digital currencies such as Bitcoin. It is a decentralized system and so the investors all have a say. For more on this subject, you can read this article.
The point here is how services provided by centralized systems are not usually the best. The ISP (Internet Service Provider) industry is a typical example. The people that benefit from this industry the most are the service providers.
This is considering how the consumers are at a disadvantage in many ways. If you are interested in finding out how this is the case, you should keep reading. But more importantly, this article will discuss the way forward.
This is about taking a decentralized approach to the ISP industry. This way, we can enjoy the sort of success that digital currencies such as Bitcoin and several others have recorded. Once again, it is strongly recommended that you keep reading to find out more and benefit in the long run.
The Problem of the Centralized Internet Provider Industry
We are almost tempted to say the ISP industry is monopolistic. Well, this is quite true considering how the disadvantages that apply to a monopolistic market also apply to this industry despite the many service providers involved.
The simple explanation for this is that the industry is centralized. This simply means that some people call the shots and whatever they decide is binding on consumers. This is whether or not it is favorable to consumers.
This has been the case even though there are regulatory bodies. Judging from the situation over the years, some of the shortcomings of the centralized ISP industry include the following:
Services that Are not Budget Friendly
Data is an essential commodity and this is because of how it helps us get information and enjoy other things. As a result, service providers that make it possible to access data are highly patronized.
Well, what you might have realized is that people spend a lot getting data. A reliable report even gathered that the average American spends over $60 every month for this purpose.
There are several reasons why internet access is expensive in the United States and many other parts of the continent. However, one of them is because of the centralized structure of the ISP industry. For more on this subject, you can visit: https://www.cnbc.com/
It is annoying how getting internet access is costly. But more annoying is how the internet is unreliable. In simple terms, this is about how slow the network can be.
It is because of how the network system is overloaded with subscribers. Some subscribers even have to go as far as using boosting devices as a result. All this overloads the network system.
Saying that many parts of the world are connected to the internet is not far from the truth. However, the truth is that there are still many parts of the world that are left out.
One of the reasons is the inability or unwillingness of centralized service providers to take action. Sometimes, they think about the cost and back down.
Some loopholes can be taken undue advantage of when you use the services of centralized internet service providers. This is because privacy is not one of their biggest strengths.
How PKT Cash Network Can Help
In light of all these shortcomings of the centralized ISP industry, you should know that the solution lies with a decentralized structure. Thank goodness that that PKT cash network is offering this. As a result, consumers are guaranteed a network system that is and does the following:
It is Cheap – You even stand the chance to earn by offering your surplus internet bandwidth.
Secure – The best encryption technology is engaged to protect the privacy of users and ensure they are secure using the system.
Spreads internet access – the PKT cash network system has the vision of equipping no fewer than 1 billion people with access to the internet. This is not something the centralized system is willing to do.
Takes advantage of mesh networking technology – Centralized ISP service providers become less reliable when more subscribers come on board. This is because their infrastructures are stretched beyond their limit. This is not the case with a decentralized system like the PKT cash network. The reason is that they make the most of mesh networking technology.
Consumers are better off using a decentralized ISP system just like the PKT cash network offers. Pioneer investors and beneficiaries of PKT cash noted this advantage and say that the future is brighter for consumers of internet services with this system.
This is why you should take advantage by contributing your surplus internet bandwidth and enjoy all the benefits. You should not also forget how doing this helps you enjoy what the crypto market offers.