Top 10 Ways to Join the Blockchain Movement

The blockchain movement is in full swing, as thousands of projects are now successfully in operation across many sectors. Blockchain’s momentum can be attributed to multiple factors, including efficiency, security, transparency, and accessibility.

Today, there are more ways than ever to join the blockchain movement. From gaming to investing, there is a blockchain asset that can improve your systems. Of course, the first step is understanding your needs and capabilities to formulate a feasible strategy. From there, you must fully grasp the many ways to join the blockchain movement.

Why Join the Blockchain Movement?

There are many reasons why a  person would want to participate in the blockchain revolution. For one, this technology is here to stay, and many earning opportunities are available and will emerge from those who understand it.

Additionally, you can improve your capital efficiency and put your funding to work on multiple levels using DeFi services. All of these factors and many more make blockchain solutions an attractive option. Here are some of the most popular ways to join in on the fun and do your part to help expand the community.

1. Trading

The first way most people get involved in the blockchain sector is by trading digital assets. It’s hard to imagine the market before exchanges. Back then, people needed to meet in person or arrange trades online directly.

The introduction of high-performance exchanges has made trading a viable option for anyone. There are hundreds of exchanges in operation currently. Depending on your skill level, you can find an option that supports newbies to professionals.

Trading Makes sense for many reasons. For one, the moment a person begins trading is usually when they start caring about the market. This added attention leads to more exposure and, eventually, adoption. It also drives innovation and integrations.

There are multiple types of traders. The average crypto trader will use an exchange to convert fiat to crypto and other basic activities. More advanced traders will begin to access features such as leverage and margin trading, which raises risk/reward potential.

2. DeFi

Another very popular entry point into the market is DeFi (Decentralized Finance). DeFi leverages blockchain protocols to provide more efficient financial services to the public. As such, DeFi enables you to act as the bank in many instances.

There are a lot of DeFi features that offer low-risk passive rewards, such as staking and farming. Both reward users for providing liquidity to smart contracts. The latter has no lock-up periods and varying APYs. As such, yield farming requires a bit more skill than staking.

DeFi users can also lend out their crypto to others using peer-to-peer lending services. These networks enable lenders to secure rewards by depositing into large interest-bearing lending pools. The interest on the pools is used to help offset any late payments.

DeFi has come a long way and has a bright future. Already, many traders only use DEXs (Decentralized Exchanges) due to their non-custodial nature. All of these reasons are why DeFi is among the fastest-growing blockchain sectors today.

3. HODL

One of the easiest ways to do your part in the market is to HODL (Hold on For Dear Life). In many scenarios, trading hurts the person versus having held their asset from day one. HOLDers take a long-term approach to the market.

HODLing provides the necessary funds and confidence in projects. It also enables users to secure major windfalls over time for projects that make a difference. There are plenty of stories of early Bitcoiners who paid $200 per coin and are now holding massive fortunes thanks to their steady hands.

The main thing to consider when holding is the long-term viability of your projects. For example, if you held Bitcoin for the last five years, you would be much better off than if you had held Bitconnect or any other fly-by-night operation.

HODLers are the backbone of the blockchain movement. They are like guiding stars that help new users understand what’s important and how long the journey has been. They are also a reminder that you need to stay vigilant to protect your rights and digital assets

4. Dapp Developer

Those who are a bit more technical savvy will find that becoming a Dapp developer is one of the best moves you can make to support the industry. Dapps (Decentralized Applications) are programs designed to run on blockchain networks. Notably, Dapp developers are one of the most crucial elements of the market.

It’s often said that it’s the developers that add value to a project. In the case of programmable networks, this is very true. Dapps are how the public interacts with blockchains. These systems provide the interfaces and interactions that help drive blockchain use.

Ever since Ethereum entered the market and provided an easy way to program dapps, they have been vital to adoption efforts. Today, there are many programmable blockchains and thousands of dapps to use. These applications leverage blockchain advantages to improve results.

The introduction of cross-chain dapps has opened the door for even more powerful systems that leverage the best aspects of separate networks. The next generation of dapps can seamlessly interact with private and public networks to provide transparency and security.

5. Securing Networks

Another popular way to join a blockchain community is by helping to secure the network. There are all types of consensus mechanisms in operations today. These systems are used to ensure the validity of decentralized networks. As part of this strategy, the community can support the validation process.

In the early days, mining was the primary method by which you could accomplish this task. Bitcoin and many other Proof-of-Work (PoW) blockchains allowed anyone to mine for tokens and secure passive returns. Mining systems operate by making all miners confirm the blockchain state and compete for the rewards.

Eventually, this method of securing blockchains became less popular, and Proof-of-Stake (PoS) networks emerged. These systems do away with the need for mining equipment and the use of computing power and energy, which some view as drawbacks to PoW networks. PoS systems enable anyone to stake their tokens in smart contracts to secure the blockchain.

This method provides some advantages in exchange for slightly less security versus a PoW setup. PoS networks are often faster and more open to users. In most networks, you must meet the minimum staking requirements to start securing rewards.

6. Provide Network Services

The rise in purpose-built blockchain has also created a need for dedicated service providers. For example, you could secure passive returns by providing Oracle services to a blockchain. Oracles act as off-chain sensors that can relay data to and from blockchain networks.

You could operate an Oracle that tells a dapp the price of a certain asset or the volume of a particular project. This method of Oracle use is common in the DeFi community. Notably, oracles can come in many forms and are not limited to what data they can provide.

There are also specific tasks that are only relevant to certain networks. For example, you could secure passive returns by renting out your unused computer space or power. Projects like Storj enable you to secure passive returns simply by renting out unused space.

There will be more demand for individuals willing to provide these services in the future. The main thing to remember is that you need to be consistent, as most networks will penalize your rewards if your internet is down or your behavior is seen as malicious.

7. Social Media Promotions

One of the easiest ways that anyone can help the blockchain industry is by promoting good projects they like and use on social media. Unlike any other asset in the past, digital assets are tied to social media activity. There are even social media signal providers that help traders monitor these actions.

You can join your favorite project’s online community and help promote their activities. Social media is great for these tasks as it allows you to communicate directly with developers and others who use the platform or who are curious about its true capabilities. Never downplay your impact on social media.

Social media plays a direct role in project awareness and often pricing. There are numerous incidents where a single tweet from a celebrity or influencer has affected the price of digital assets. For example, Dogecoin has seen considerable success thanks to a long list of celebrity supporters.

You shouldn’t get caught up in the hype of social media when evaluating projects, either. Many people want to honestly promote the positive attributes of a project and some scammers want to create FOMO (Fear of Missing Out). To tell the difference, you need to have a firm understanding of the market and tech.

8. NFT Artist

One of the fastest-growing sectors in the market is NFTs (Non Fungible tokens). These digital assets can represent single real-world or digital items. As such, they have found a home in multiple industries. Today, there are NFTs used for collectibles, art, and much more.

The art world has so much to gain from NFT integration. As such, it’s no surprise to learn that the blockchain art movement is already gaining speed.  NFT artists can leverage this technology to improve their ROIs.

These artists enjoy the benefits of traceability and transparency. They can also use this tech to determine if there is unauthorized use worldwide and automate residual payments. There are billions in NFT art circulating in markets currently, with billions more predicted in the coming years.

The rise in NFT art has led to growth in the NFT exchange arena. Many custom-built NFT exchanges streamline tasks like creating art or tokenizing assets. They also let you show off your collection, view others, and mint new tokens.

9. P2E Gaming

The Play-to-Earn sector is another market where blockchain assets are starting to make a real difference. Unlike conventional gaming, P2E games seek to provide real value to their players through tokens and other digital assets.

P2E gaming got a major boost with the NFT revolution. For the first time, gamers can confidently know the scarcity of their in-game assets. They can also trade these assets for other cryptocurrencies and cash out on the time they invest in playing.

The first games that gained popularity in the blockchain space were collectible, like crypto kitties. These games had players collect and breed tokens to create new ones. Today, P2E gaming is entering the Triple-AAA category with titles that resemble top games.

The metaverse movement has also made P2E more attractive to gamers. Even metaverses like Decentraland and Sandbox were built from day one to operate on blockchains and leverage digital tokens.

10. Create Your Blockchain

If you are the creative type, you can create a blockchain. Many easy-to-use blockchain builders enable you to create an entire network and token without coding. These systems make it easy to select vital components like your consensus mechanism.

There are no boundaries for blockchain developers. Innovation is the name of the game here, and there is a long history of creativity that will help inspire you to make the next great network.

Join the Blockchain Movement and Prosper

The blockchain movement is about more than securing returns; it’s also about making life better for the millions of people looking to the tech for answers. Blockchains’ efficiency, security, and transparency make them the ideal solution for many tasks. However, a blockchain will never have the influence that a trusted friend recommending cryptocurrencies to someone possesses. As such, your role in the market remains exponentially important.

You can learn more about exciting blockchain projects here.

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