Earning Crypto Online: Importance of Blockchain Technology

2개월 전

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There’s so much rampage on the internet about making money online from the comfort of your home without having to work from round the clock all day. This rage has been on for a very long time and many people have become victims of scammers as a result of trying to capitalize on these opportunities showcased online.

Does it mean that there are no legitimate ways of earning money online, from the comfort of your home? Certainly not. Although it is true that many fraudulent people take advantage of the internet to mislead unsuspecting victims, it doesn’t mean that the idea of earning money online from home is an entire falsehood. Of a truth, there are several legitimate ways to earn money online doing remote work from home at your own convenience.

What are the ways I can earn money online? There are many legitimate ways of earning money online. We would mention a few before we begin to explain the main focus of this exposition. Generally, these are legitimate ways you can earn money online:

Working on E-commerce as an affiliate marketer.
Freelancing.
Performing online surveys.
Buying and Selling of Crypto.
Earning Crypto from blockchain networks.
Forex.
Online consultancy.

The downside to all the aforementioned online streams of income is that they all require skill and expertise except for “Earning of Crypto from Blockchain Networks”. Apparently, this is our main point of emphasis today. On this subject, frequently asked questions are; How can one earn crypto using blockchains? Is it feasible? What are the simple steps involved? These and many more would be answered here.

What is Blockchain?

First of all, let’s get acquainted with what a blockchain means. A blockchain as the name suggests is a chain of many blocks. Each block represents a unified history of bitcoin transactions carried out over a period of time and stored in under a unique hashtag peculiar to that block. Every block is linked in a chain of cryptographic network with the individual hashtags of each block. The system uses a peer to peer connection to spread this database across different users who’d have to authorize each new transaction before it is validated and added to a block. The idea of blockchain technology was first initiated in 1991 by some group of researchers with the aim of creating timestamps on transactions or data before it was later adopted by the creator of bitcoin Satoshi Nakamoto.

Earning Crypto Using Blockchain

Crypto is not limited to bitcoin. So also, blockchain is not limited to bitcoin. This means that asides bitcoin, other cryptocurrencies can be earned from blockchains. That being said, there are a number of ways to earn crypto from a blockchain. However, we’d focus on just two:

Buying and Selling Crypto: What most users of blockchain do is to buy and sell crypto with simple contracts. Here, they make profit by taking advantage of the varying value of crypto against other fiat currencies. So they buy at a lesser value and sell when the value goes up.
Percentage Commissions on Referrals and Transactions: From previous the previous explanation, blockchain is a secure system of storage and recording. Now, to maintain the system, each transaction on the system is levied. This levy is spread across all users in the peer to peer network who validate each transaction and record. This is their remuneration for keeping the system secure.

Just in case you’re wondering if this is feasible, the answer is yes! The system is trustworthy and used by virtually all major vendors of crypto. The good news is joining is easy. All you have to do is look for a trusted site from whence you can join a blockchain and voila! I suggest you try blockchain.com

The importance of blockchain technology cannot be overly emphasized. In a world filled with scammers and so much unreliable information. Blockchain technology is a sure tool for earning crypto quietly from the comfort of your home.

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