3 Cryptocurrencies To Earn You Money While You Sleep — Part 4

I know what you are thinking. We are in the midst of a ‘bear market’ and you are talking about Cryptocurrencies that will ? Are you insane? earn you passive income Hear me out for a second. If you truly believe in Cryptocurrencies and the fact that this bear market won’t last forever, then wouldn’t it be great to be informed about the ones that earn you a passive income, whilst their value appreciates, when the market turns around? Additionally, I couldn’t ignore the positive feedback this series has received. I had to oblige to the countless of readers asking for a Part 4! In of my series, I will highlight another 3 Cryptocurrencies that allow you to earn a passive income. If you haven’t got the chance to read my previous ones, you can find an aggregated list and some convenient links for: | Part 4 here Part 1 Part 2 | Part 3 “If you don’t find a way to make money while you sleep, you will work until you die” — Warren Buffett Tezos (XTZ) is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. supports smart contracts and offers a platform to build decentralized applications. Tezos Tezos uses a consensus mechanism called iquid roof- f- take ( ). To understand , we firstly need to understand roof- f- take ( ) and elegated roof- f- take ( ). Tezos L P o S LPoS LPoS P o S PoS D P o S DPoS . In PoS-based public blockchains, a set of validators take turns proposing and voting on the next block, and the weight of each validator’s vote depends on the size of its deposit (i.e. stake). PoS is a category of consensus algorithms for public blockchains that depend on a validator’s economic stake in the network requires coin holders to vote for , who are responsible for and the blockchain. The delegation to a of validators is a It is quite similar to with the major difference that in we consider the instead of . DPoS delegates validating transactions maintaining fixed number requirement . PoS DPoS vote weight economic weight On the other hand, , unlike As mentioned before, requires an election of a fixed set of delegates for network consensus. in LPoS delegation is optional DPoS. DPoS LPoS aims to maintain a dynamic validator set , facilitating token holder coordination and accountable governance . This consensus mechanism is central to the passive income element of . You can find an excellent post on by , and a post on by . Tezos LPoS Jacob Arluck here Baking Arthur Breitman, here calls the process of block production as and validators as . Tezos Baking Bakers There are 2 ways to passively earn : XTZ — By , which requires fulfilling a few parameters to do so. These include, having a minimum amount of and dedicated hardware. Baking directly participating in the baking process XTZ — By The delegate in any way. This has requirement for staking. Staking delegating your own stake. does not own or control the tokens no XTZ minimum amount Very briefly, to , you must follow these steps: earn XTZ as a staker and a Tezos wallet. Set-up fund (costs ~0.25 XTZ in fees). Create a KT1 delegate address the amount of you want to delegate to your KT1 address. Transfer XTZ . Delegate To find out how much you can be passively earning with staking, you can use MyTezosBaker’s calculator, . here If you wish to become a , you need to follow a different set of steps, which I won’t go into details in this post. If you are interested in Baking, you can follow the instructions, . Baker here Please note that despite having one of the nitial oin fferings ( ) to date, it has since found itself amidst a , so keep this in mind should you want to purchase . Tezos largest I C O ICO storm of controversies XTZ You can purchase on , and . XTZ Bitfinex Gate.io , some others SpankChain (SPANK) has received significant support from those who recognize the adult entertainment industry as a driver of innovation and those who understand that the communities most motivated to switch to a new economic platform are those marginalized by the existing one. SpankChain The mission is to bring the core benefits of blockchain technologies — privacy, security, self-sovereign identity, and economic efficiency — to the adult entertainment industry. Our goal is to do this while remaining maximally compliant with legal codes. SpankChain its which is The two tokens used in its economic model are: SpankChain just recently launched multi-token economic model “designed to abstract away ecosystem-wide coordination processes from mechanisms which meter platform usage rights”. —The token required for staking (aka locking up for a designated time period) in the ecosystem. SPANK SpankChain — The token generated and given as a reward to stakers. It will always be accepted for , however, may be traded at a different rate on secondary markets. BOOTY BOOTY “offers specific payment and governance rights throughout the entire SpankChain ecosystem”. $1 USD in SpankChain fees Earning is extremely easy. In order to do so, you must follow the steps below: BOOTY an Ethereum wallet. Set-up with SPANK. Fund it . Stake here You can find more detailed instructions on how to do so, . here The amount of you can passively earn depends on various factors, including, how long you stake your for and how much use the has. Given has just recently launched their staking mechanism, it’s still to be determined what the amount you can passively earn is. BOOTY SPANK SpankChain ecosystem SpankChain can be purchased on , , and SPANK Bitfinex Cryptopia IDEX a few others . Golem (GNT) is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. Golem’s limitations are only defined by our developer community’s creativity. Golem creates a decentralized sharing economy of computing power and supplies software developers with flexible, reliable and cheap source of computing power. Golem Essentially, the is the , , counterpart of Amazon Web Services, Microsoft Azure, etc. Traditional centralized solutions have a number of drawbacks (privacy, security, outages, etc.) which solves using the and . Golem Project open-source decentralized blockchain-based Golem blockchain peer-to-peer networks It connects computers (and users) in a , , enabling both application owners and individual users (“ ”) to of other users’ (“ ”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. You can read more about , which has featured in my , . decentralized peer-to-peer network requestors rent resources providers Golem “Real World Applications of Cryptocurrencies” here Akin to Storj, featured in , you need to contribute resources for something in return. Contribution to the comes in the form of . Given how easy it is to set-up and get started with , if you have unused computational power, this essentially becomes passive income. Part 3 Golem network computational power Golem A on how to setup and start contributing your unused computational power on the network, can be found . tutorial Golem here Unfortunately, it’s still hard to estimate how much you could be earning, as there are numerous parameters to take into consideration. Having said that, you can find details on how the calculation works and how payments are made in their whitepaper, . here You can purchase on and . Golem Binance, Huobi , Bittrex , Gate.io many others How many claps does this post deserve? How about a follow? If you enjoyed this post, please feel free to 👏 👏 many times (you know you want to!), give my blog a 👣 👣 and 🤲 🤲 with your friends. There’s a limit of 👏 👏 you can give to each post, so I urge you not to try and exceed that limit… you might break Medium! clap follow share 50 claps Speaking of which… If I still have your attention, please leave a comment and let me know what else you would like to see me writing about. You can find links to my social media and sign up to my newsletter below. contact@ermos.io You can also show your support by donating to the following address: tz1YinH9HoxKiPMsDUGfzifymffGRDM2Dcui**SPANK/GOLEM**: Tezos: 0x4c7195E074cf0Ab6F77Bdb7C97Fd2567066Bb712 . Disclaimer: All information and data on this blog post is for informational purposes only. My opinions are my own. I do not provide personal investment advice and I am not a qualified licensed investment advisor I make no representations as to the accuracy, completeness, suitability, or validity, of any information. I will not be liable for any errors, omissions, or any losses, or damages arising from its display or use. All information is provided as is with no warranties and confers no rights.