INTRODUCTION

Ethereum has proven to be one of the most profitable technological investments ever. It was founded in 2015 and has expanded by more than 1,000% since then. In other words, Ethereum is much more than a digital currency; it is an open-source network. It is also listed on the Crypto Index 10 cryptocurrency exchange.


Ethereum is a digital currency known as "ether" that has the potential to influence many other businesses and promote decentralization in the global economy. Ethereum is backed by a varied group of 500 affluent companies who convened in 2016 to debate and collaborate on the Ethereum technology network's development. Ether is a volatile trading currency that can be used as a financial asset by traders.


Ethereum Classic is the most recent version of the Ethereum blockchain. It is the original version of the Ethereum blockchain. The term Ethereum was given to the most recent version. Because the blockchains are incompatible, modifications to one will have no effect on the other. As a result of these developments, a new digital currency was created with a new name, record, price, and market value.


AvaTrade is a market-leading broker that offers some of the best trading conditions in the business, including the lowest crypto spreads.


What is Ethereum (ETH)?

Vitalik Buterin built and introduced Ethereum (ETH) to the world in 2013, and it went live in July 2015. The developers wanted to set it apart from Bitcoin, so they built it unique with features that set it apart in its own market.


They've come up with a new strategy that includes a new platform and a more widely used writing language. Customers can run any program on its platform, making the Ethereum blockchain and application more efficient than previously. Developers can use Ethereum to create a new sort of software known as a "decentralized application." Individuals or centralized systems have no influence over these technological codes.



HOW TO PROFIT FROM ETHEREUM?

1-Ethereum mining:

If you're a techie, you might want to start with Ethereum mining. Especially if you believe the value of this cryptocurrency will rise in the next years. This is critical because, depending on the mining equipment you buy and the amount of electricity you consume in the mining process, it could take up to 6 months to recoup your initial investment. It is critical that the price of Ethereum remains unchanged and does not fall in value for this to happen. If it's worth rises, the time frame will be significantly shorter in comparison to the profit that you will make!

The Ether mining profitability calculator is available at 99bitcoins here. However, you must inspect them before purchasing your equipment. In this manner, you'll know ahead of time whether or not this undertaking (Ethereum mining) is worthwhile. You'll also be able to forecast how much money your mining equipment will generate each month.


2-Becoming a Freelance Blockchain Programmer:

Programmers with blockchain skills might make up to $300,000 USD per year. Because there are few programmers with these talents and demand is high, this salary is likely to climb even further in the coming months.

Of course, we're talking about expert programmers with more than 5 years of blockchain experience. If you're interested in programming, though, now is a better time than ever to begin.

When you're ready to start selling your blockchain programming services, you'll have a variety of platforms to select from. Of course, UpWork (here) is one of the most prominent of these platforms, where you can find a lot of customers looking for people like you to finish their projects.


3-Investing in Ethereum:

Even though this option may seem self-evident, we felt it would be a good idea to include it in this post because of its significance, as well as some intriguing statistics. In the cryptocurrency market, the value of Ethereum grew by about 1,200 percent in 2016.

The formation of the Ethereum AllEnterprise iance alliance in February boosted the coin's legitimacy and led to new highs in its price. The price of Ethereum is currently at $447 at the time of writing this piece. Several members of the Reddit ETHTrader community expect that Ethereum will hit $800 by the end of the year. So there is still a chance to profit.

While making long-term price predictions is generally not a smart idea, I believe Ethereum will attain a market capitalization of $1 trillion during the next 10-15 years. The current market capitalization is $30 billion. This indicates that a $1,000 investment in Ethereum today will yield $30,000 in a single contract.


4-Blogging:

When a new technology emerges, new users require blogs they can rely on for information. Interest in themes like "What are some real-world uses of Ethereum" or "Ethereum price forecasts 2018" has risen, as we can see in the Google Analytics dashboard. So, if you're a good writer, a good researcher, and a bitcoin enthusiast, we strongly advise you to establish your own blog.

You may monetise your transactions by showing adverts, selling courses, selling your e-book, or even consulting services once you have a large number of them.

If you need any help before starting your own blog, please leave a remark or send us an email.


5-Decentralized application development:

Ethereum has been working on a completely new type of software. These apps make it possible to leverage Ethereum's basic technology to create "smart contracts," which can be used to create DApps (Decentralized Applications).

DApps allow you to create virtually endless apps, and it's up to you to come up with a brilliant concept that you can monetize later. The amazing thing about DApps is that once properly set up, they may make you money at any time of day or night without requiring any maintenance or oversight. This finally allows you to construct a DApp portfolio that pays you well on a monthly basis.



THAT WAS THE END 


THANK YOU FOR READING!


*If you have any questions related to this article you can use the comment section as a free space to ask and we will make sure to answer your questions as fast as possible*