By Aaron – Crypto Investor - 30/12/2021
While the internet is one of the most important innovations of the twentieth century, most of the internet access is managed by centralised entities. These can include internet service providers (ISPs), institutions and governments throughout the world. China, Iran, and North Korea, for example, have imposed restrictions on how their residents use the internet, including buying and selling Bitcoin. This is significant because individuals in some nations are restricted to search access, particular platforms, and information. Cryptocurrency trading on a decentralised exchange for example, addresses this concern for users.
PKT has launched their Mesh network to provide a way to link individuals to the internet on a peer-to-peer framework. However, scalability of these mesh networks has proven a problem. Many individuals are unaware that they may access the internet without having to subscribe to a regular ISP. In 2011, a protocol known as CJDN’s was released, allowing anybody to obtain an IP address without the charge that a typical ISP will require.
Peer-to-peer mesh networking is also possible using this open-source software, which is free to use. For example, if Alice does not have access to the internet but Bob has, Alice can connect to Bob and gain access to the internet. However, actual infrastructure, network operators, and market awareness are necessary for CJDN’s to expand. For many in the crypto space, this distributed connectivity takes dependency away from a third party and achieves the decentralised nature that many wish to layer the internet with and the process of buying and selling cryptocurrency.
PKT Network is leading the way in this new era of bandwidth monetisation. PKT offers a scalable solution that extends connection beyond centralised ISPs and takes advantage of valuable, undeveloped edge networks all around the world. PKT Network uses CJDN’s for end-to-end encryption and uses technical advancements to increase Internet routing and packet transmission efficiency throughout its network. PKT Network is designed to lower the cost of bandwidth for the general public and assist in connecting the next 1 billion people to the Internet.
If you are interested in learning more about the future of the internet and blockchain technology, get in touch today. Whether you are looking to Buy Bitcoin or Sell Altcoins, get in touch so we can assist you further!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards