What does Ethereum rely on to make money
blockchain technology has the following four ways to make money:
1. Hardware and infrastructure. A typical one is mining machinery proction and distribution chain, where you can make money by buying mining machinery and digging
2. The underlying platform of blockchain and common technologies, such as Ethereum and other public chains, and the privacy protocol nucypher, where you can make money by investing in its token, building applications on the chain, and providing services for users
3. Various vertical applications, such as supply chain traceability and Finance Based on blockchain, right confirmation and trading, can be used or invested to make money
Service facilities, such as digital asset exchange and wallet, media procts, etc., you can make money by making your own exchange
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extended data:
type of blockchain
1. Public blockchain
refers to: any indivial or group in the world can send transactions, and the transactions can be effectively confirmed by the blockchain, Anyone can participate in its consensus process
public blockchain is the earliest and the most widely used blockchain. The virtual digital currencies of bitcoin series are all based on public blockchain, and there is only one corresponding blockchain in the world
2. Consortium block chains: multiple preselected nodes are designated as bookkeepers within a group, and the generation of each block is jointly determined by all preselected nodes (preselected nodes participate in the consensus process), and other access nodes can participate in the transaction
3. Private blockchain
private blockchain: it only uses the general ledger technology of blockchain for bookkeeping. It can be a company or an indivial, and only enjoys the write permission of the blockchain. This chain is not very different from other distributed storage schemes
From last year when I entered the field of blockchain and became a member of the coin circle, I found that there are many ways to make money from blockchain. It depends on what you can do to make money
< HR / >first of all, the most direct way is to speculate in digital currency in the exchange . In the initial stage, you can choose some mainstream currencies with high value, such as bitcoin and Ethereum
the fifth way is other special ways . This is another special way, including helping some project parties do community operation, you will get some token, or helping the project parties write white papers, you can also get a certain amount of token reward
there are probably several ways to make money in blockchain. I wish you an early realization of wealth
WeChat official account: Shenzhen District chain community
ways to make money by using blockchain:
one: arbitrage by moving bricks
in short, it is to move from one exchange to another, and then make a profit from it. Different from the stock market, the price difference between different exchanges in the blockchain market may reach more than 50%, which is quite profitable
Two: do blockchain we media
so far, not many media do blockchain, so there is still a wide demographic dividend. You can write articles, record videos, broadcast voice, and even live broadcast. There are unlimited possibilities: investment experience, project analysis, instry news, welfare selection, and knowledge popularization. As long as it continues, there will be gains and rewards
Three: bitcoin mining
the logic of making money from mining is very simple: invest RMB to buy equipment, power, set mining proceres, and then proce bitcoin, sell it in the market, and exchange it into RMB to complete an economic cycle. However, there are also risks in mining. Bitcoin proction is halved every four years. In addition to the cost of mining machines, electricity charges and maintenance, there are also risks such as unstable calculation and power failure. Moreover, mining machines are very noisy, and leaving them at home will affect rest. You need to choose a "mining machine" with high computing power and low power consumption, and then find a basement or warehouse to dig. Generally speaking, the cost is very high, If there is a bear market in the currency circle, the worst is the miners
Four: do the exchange and other trading platforms
open a trading website, so that everyone can trade and collect handling charges. Such as "fire coin" and "coin an", the myth of "sudden wealth" of young start-up companies represented by the post-80s generation has refreshed people's cognition again and again. There are discussions, there are transactions, there are transaction fees to earn
Five: application development
those who have certain development technology and seriously study blockchain technology can develop blockchain applications. Finding a clear positioning of an instry, trying to rewrite the rules of the game with blockchain, and developing distributed application DAPP are the direction of blockchain technology. At present, there are not many teams with development ability in China, and the projects made by technical teams with real talents are generally supported and liked by funds, and the secondary market usually performs well, such as anonymous technology of niche< Six: ICO
ICO (abbreviated as
initial
coin
offering), the initial issue of currency, originated from the concept of initial public offering (PO) in the stock market, is the first issue of token in block projects, and the raising of bitcoin, Ethereum and other general digital currencies< Seven: IFO
IFO (
initial
fork
offers) was issued for the first time. They generate new tokens by branching the bitcoin blockchain, claiming that they can achieve functions superior to bitcoin.