For the effective functioning of blockchain networks, master nodes are required. Technically, they are something like 'servers' for distributed and decentralized networks. Rights are the same, but opportunities are much greater. Many projects that use their own tokens pay certain rewards to those who support the functioning of such master nodes. This is quite complicated, as it requires not only technical knowledge but also high computing power, a stable high-bandwidth connection, and constant system operation. However, there is also a certain risk, as many projects often overestimate the potential profit from maintaining master nodes. Therefore, it is better to conduct research on this topic beforehand before providing your machine for this purpose.
Forks and airdrops
Passive income based on luck. When splitting a cryptocurrency network into two, which have significant differences in software, users receive a 'second wallet' with an equivalent amount of new tokens. Yes, their price will be significantly lower than the originals, but they cost you nothing at all. You just need to have some amount in your account by the time of the planned and previously announced hard fork. However, these events happen quite rarely.
Airdrops are random one-time payments of a certain amount in cryptocurrency conducted by some exchanges among their users. Like a lottery, but you don't even need to buy a ticket.
Platforms for content realization
There are more and more platforms based on P2P networks that allow creative individuals to realize their products. Yes, it will take time to develop the material, but then it guarantees you a decent stable income, moreover – in cryptocurrency, the withdrawal of which is much easier than using traditional payment systems. But yes, this option is only suitable if you can produce something that may be in demand among the target audience.
Risks
Low-quality assets. Artificially inflated or deflated asset values can attract the attention of risky investors who realize too late that the actual price is significantly lower than expected. Moreover, some networks imply the use of intermediate tokens, without which it is not possible to withdraw the main cryptocurrency, creating constant selling pressure.
Personal mistakes. Blockchain-based technologies are a relatively new category of knowledge, so many users simply lack the experience to use them effectively. A special mindset and an exploratory approach are needed to independently understand all aspects related to this issue.
Lock-up periods. In most situations, you will not be able to withdraw your funds instantly – for some time they will be locked during verification. That is, they will just sit idle and not generate income. Furthermore, if an event occurs that affects asset values, you will not be able to act quickly with them.
Errors and bugs. Any system based on computer technologies is susceptible to errors and bugs. Using open-source applications and programming skills, however, helps not only to avoid this problem but also to fix it.
Conclusion
As the popularity of blockchain-based projects grows, more and more people decide to get involved with them and gain some benefit from it. But since active trading on exchanges requires knowledge, luck, and impeccable 'sense of timing', it is much easier for most to focus on reliable, albeit small, passive income. And it is likely that as cryptocurrency technologies develop, this way of earning will become the main one for an increasing number of people.
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