What is Blockchain?
Blockchain is a means of transmitting funds and/or logging information through a decentralised ledger without the need of a financial intermediary, such as a bank.
How can I make money from it?
With the gift of the internet comes the ability to find companies who want to give you cryptocurrency in exchange for your time. Once you receive your crypto-coins you can exchange them for either a bitcoin or a fiat currency.
Below are some of the companies that offer you a chance to earn crypto-coins without investing your own money.
PI Network
The first is the PI Network. This organisation set out to find a way that would allow ordinary people to mine Bitcoins. Their solution means you can make money by mining crypto-coins from your phone. Simply download the app, and once a day open it and automatically mine Bitcoins.
PI Network also has a members' platform. If you sign up you could even add me to your network. My username is @01018, just message me on the platform and start earning crypto-coins today.
Steemit
Steemit is a social media and blogging platform that pays users for posting content. You earn crypto-coins for posting your photos and publishing your posts.
You can then use this cryptocurrency to purchase goods or services on the platform or transfer it to various exchanges such as Bittrex and Binance, convert it to Bitcoin, or transfer it to your bank as fiat currency. You can download the app, called eSteem, on android or IOS.
Brave
Brave is a website browser that lets you earn tokens by viewing adverts. Due to the new General Data Protection Regulations, websites can only collect user data with consent. The Brave browser allows you to earn rewards by opting to see adverts. It is that simple. What it does is give publishers back their fair share of internet revenue and you get a small amount for using the browser. They claim to be faster and have a higher level of privacy than Chrome. Go and test their browser for yourself.
SMS Chain
SMS Chain is for those with unused SMS text bundles or an unlimited SMS plan. According to their website, anyone who buys a SMSCHAIN Token and installs the app can earn money automatically by selling their unused SMS messages. App users can set up the number of messages sent, as well as the type of content to deliver (for example, transactional messages from Google, Facebook, Whatsapp etc.). Watch this YouTube video for more information.
There are many other ways you can earn cryptocurrencies. Go out there and do your research! Remember, 10 years ago one bitcoin was worth a few dollars. As of March 2020, it's worth almost USD 9,000. These currencies are a long term investment, but the above companies do not take time away from your day nor take money from your pocket. The perfect solution.
It’s official, we can now make money from nothing!
Further Reading:
The importance of Blockchain in the Swiss Financial Sector by Esosa Ede-Obarogie
Blockchain, the Future of Work? by Eduardo Galve
Unleashing Blockchain: An Insight into its Present and Future by Leonidas Epiphaniou
Sources:
20 Real-World Uses for Blockchain Technology
What is Blockchain Technology? A Step-by-Step Guide For Beginners
Pi Network (PI) Cryptocurrency Review
Steemit Review – An Honest Take After Six Months of Travel Blogging
Crypto Mining for Dummies: How Does it Work?
Photos credits:
Blockchain image - Wikimedia commons
Cryptocurrency Image - Flickr
Formation:
Formez vous aux protocoles Blockchain grâce aux formations blockchain à Genève du Swiss Blockchain Institute.
This is a great information and like this content.
Thank you
Expecting more articles like this in future
Best Regards
Johnes JA
Pi cannot be traded yet, but more information on how the currency is eventually envisaged to be used and traded you can take a look at the Pi Network’s white paper, which is available on the app.
From my experience it seems that the development of the app and Pi Network has been following the vision set out in this document and it is quite clear that this network has a long term vision and goal - it is not just another quick scheme. At the very least this makes the intention of the developers seem legit and encouraged me to give it a try. Is the actual currency is legit? I suppose that depends on what your definition of “legit” is. In my view it will be legit if it does what the white paper envisages for it- which will only be determined in time.
Regarding the installation of the app and mining of Pi, there is really nothing to lose by joining the network at this stage.
My experience with the app is summarised in a pros and cons list here below.
Pros:
The app is free.
It runs in the background even when it is closed (doesn't drain resources).
I was pleasantly surprised to learn that the app really doesn't drain your device’s battery.
Cons:
You need to “click” the app once every 24 hours, to ensure that you are human and active. Whilst a schlep the app can send you push notifications when the 24 hour period has lapsed.
You need a reference to start mining - feel free to use my code if you want to try out the app: Mousatos
Overall I do not think that anyone stands to lose anything from downloading the app and my opinion is to give it a try- at the very least I find it quite exciting to be a part of something new and potentially revolutionary. It seems that this platform has a lot of potential and I am keen to be part of the ride.
My Name is Lekumo Benedict, I seriously involved in this Pi Network but what I really not understand is at the end of the day what is the benefit?
Pi is a mathematical and financially recognized numerical equation so it makes perfect sense.
that the only way to develop a worldwide user-friendly symbol that is recognized everywhere (3.14~infinity no matter what language you speak), a universally understood symbol was needed. This will soon be as big as the internet and I suspect within 2 years (2023), Pi network will become recognized worldwide as a method of payment, transfer, cash withdrawal, etc..., as well as all of the crimes that go with it (internet crime needs a worldwide upgrade also! once it takes on a life of it's own there is no stopping it, just like internet, cell phones, transportation, etc.
bom dia, quero jogar e ganhar dinheiro
nice
Can u change your number and keep your pi network please answer if anybody noes I started pi network then change phone company's and had to change number
Making money from nothing isn't new or official the 1st type of money made it official to make something have value from nada lol☺️
I love this blog post! I'm currently working on a blockchain app and I'm finding it to be a very interesting and complex topic. I'm looking forward to learning more!