❓FAQ

"Frequently Asked Questions"

What is Decentralized Internet?

A decentralized internet is like an online world where no single company or server is in charge. Instead, everyone shares the control, making it more fair, open, and resistant to problems.

What are bits per second?

Imagine bits per second (bps) like the speed at which information travels on the internet. It's like how many tiny pieces of information, called bits, can be sent or received in just one second. The higher the number of bps, the faster you can get or send information, similar to how a faster car can reach a destination more quickly.

How much is 1 GB of bandwidth?

The expression "1 GB of bandwidth" refers to the amount of data that can be transmitted in one second over a network with a bandwidth of 1 gigabit per second (Gbps). For instance, if you have a connection with this bandwidth, it means you can theoretically transfer 1 gigabyte of data within a single second.

How does Bitrate generate profits?

The Bitrate platform generates revenue through utilizing internet bandwidth mining to earn PKT rewards. These rewards are then converted to Ethereum (ETH) for Profit Sharing to $BPS stakers.

What do the $BPS token taxes go toward?

The taxes go to the Bitrate Treasury which will be used to purchase internet pipelines and secure contracts to provide data. This will boost the Bitrate productivity and achieve increased profits for the profit sharing program.

What rewards are received from the profit share program?

Rewards are in Ethereum (ETH) and distributed to your wallet monthly.