Cryptocurrencies are enabling a new and incredibly exciting way to earn passive income, and the opportunities are now.
By using something called PoS consensus, or ‘Proof of Stake’, holders of a particular cryptocurrency may be entitled to dividends in the form of either that cryptocurrency itself, or a branch of it. These passive income opportunities are a revolution and in 2018 are presenting some amazing passive income opportunities.
These dividends, or cryptocurrencies, can be sold on an exchange for fiat currency, or even sold for other cryptocurrencies like Bitcoin or Ethereum. There is also a new and emerging class of cryptocurrencies called security tokens, that distribute revenue from a company based on quarterly earnings.
In all examples, the process is nearly fully automated, and also occurs on the blockchain so its verifiable, and immutable. These cryptocurrencies are enabling a whole new kind of economy, one in which income can be earned by simply holding a cryptocurrency.
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📜 Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.