How to earn passive crypto income with Ethereum?
The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses.
Passive income strategies offer investors and traders opportunities to earn profits, even during challenging market conditions such as bear markets. For those investing in Ether (ETH), or any crypto in general, earning passive crypto income provides a way to cover market crashes and downturns.
Hodling used to be the primary way to earn interest on one’s crypto assets. But, with the rise of decentralized finance (DeFi) protocols, there are now many ways to earn interest on Ether and DeFi protocols. This article is a guide on how to make money with Ethereum for beginners and those already familiar with the space.
Ethereum is a decentralized blockchain network that runs smart contracts. These are applications that run exactly as programmed with no possibility of fraud or third-party interference. Ethereum’s native token, Ether, allows users to carry out several functions on the network such as making transactions, staking, trading, storing nonfungible tokens (NFTs), playing games and more.
Ethereum is also used to build decentralized applications (DApps), which are open-source software that run on the blockchain. DApps can be built on Ethereum’s network by anyone with the skills and expertise to do so, making it one of the most popular platforms for developers.
Ethereum once used a proof-of-work (PoW) consensus algorithm, which rewards miners for validating blocks of transactions. However, Ethereum officially shifted to a
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