Blog Details

06 Jan 2023

Ways to make money with cryptocurrency

image

Online we have two major ways to make money.

1. Crypto aspect.  Here's crypto trading, nft, defi and so.

This require learning, and also a risk to reward ratio.

You will use your money to trade for more money.

If you are unable to control your greed, you will face more losses than wins. 85% loss 15% win

No matter your level of professionalism you still face some losses.

2. Networking.   This involves investment, smart contract, airdrops, and so.

It's referral based: You earn through leveraging, by inviting more people.

The loss is minimal. You only can loss your reg fee.

With this your little reg fee, you can make unlimited  millions of naira or dollars according to your level of leveraging and networking.  

Networking is always of two types,

Decentralized or centralized.

Decentralized system are those build on the blockchain, due to the security of blockchain technology and if the Devs know what they are doing, it is the safest.

https://www.selopay.com

In blockchain, decentralization can be referred to as the authorization of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. Decentralized networks strive to reduce the level of trust that participants must place in one another, and deter their ability to exert authority or control over one another in ways that degrade the functionality of the network
 Why decentralization matters
Decentralization is not a new concept. When building a technology solution, three primary network architectures are typically considered: centralized, distributed, and decentralized. While blockchain technologies often make use of decentralized networks, a blockchain application itself cannot be categorized simply as being decentralized or not. Rather, decentralization is a sliding scale and should be applied to all aspects of a blockchain application. By decentralizing the management of and access to resources in an application, greater and fairer service can be achieved. Decentralization typically has some tradeoffs such as lower transaction throughput, but ideally, the tradeoffs are worth the improved stability and service levels they produce.

Centralized are those platforms that are owned and controlled by an individual.

These blockchains are controlled by a single individual or company and are, therefore, centralized. A popular alternative to private blockchains are public blockchains, which are decentralized and open to anyone. These are the ones everyone is familiar with through Bitcoin and most other popular cryptocurrencies.

They are not much secured
https://www.selopay.com

Recent Posts