There are rumblings of investing everywhere. And when it comes to cryptocurrencies and blockchain the rumblings became even louder. In this article, we are going to tackle a quite tricky question “how to invest in blockchain?”
Table of Content
- Blockchain Definition
- What is blockchain technology and how does it work?
- Blockchain apps
- How to invest in Blockchain?
- Conclusion
Blockchain definition
The definition of blockchain is simple. Basically, a blockchain is a digital ledger that maintains and holds data. In this ledger there are blocks and these blocks have data in them. This data is publicly visible to everyone.
If you are still unsure you can read our article blockchain explained to understand it. This is a comprehensive article on the blockchain.
What is blockchain technology and how does it work?
Blockchain is a digital ledger that stores data. There are 3 parts to the working of a blockchain: blocks, miners, and nodes. The blocks hold data. The miners add blocks. The nodes verify and authenticate data and then closes the block. In our article on blockchain, we have discussed the working of blockchain in detail.
Blockchain apps
The blockchain doesn’t limit to cryptocurrencies and NFTs only. Blockchain offers a plethora of benefits. Because of its high security, and transparency many apps are coming forward to use it. Following is the list of some of the apps using blockchain:
- MakerDAO
- UniSwap
- BurstIQ
- Propy
- Civic
- TRACEDonate
- Looksrarer
- Aave
How does investing in a blockchain help you?
Following are some of the reasons to invest in a blockchain:
- Blockchain is a booming technology that is showing the potential for exponential growth. So investing in a blockchain can result in higher profits.
- Blockchains are making organizations more efficient, more secure, and transparent. The majority of big companies are shifting to blockchain because of this.
- As more and more people are turning towards digital currencies it’s better to jump on the bandwagon early. The profits are a plus point!
Can you invest in blockchain?
Now with all of this information at our disposal let’s straight dive into the million-dollar question: how to invest in blockchain? Or you can say “can you invest in a blockchain?”
Let’s first start with the question: can you invest in a blockchain? The answer to this question is both yes and no. But why is that? If you want to directly invest in the blockchain, you cannot. There is no way to directly invest in it
How to invest in blockchain?
At the present moment, there is no way to directly invest in the blockchain. Maybe in the future, it will change. If a new way will be developed we will let you know here at Logic Worker.
Now that we know we can’t directly invest in a blockchain. However, there are other ways by which you can indirectly invest in blockchain. Let’s explore these possibilities:
Mine a data block
Blockchain is made of blocks of data. Adding a block of data to the blockchain is a really complex,time-taking, and expensive task. The most probable way to invest in the blockchain is to mine and add a block of data. By doing so you can receive high payment.
Become a blockchain developer
You can become a blockchain developer. So what is a blockchain developer? A blockchain developer develops apps that work on the principle of blockchain. These apps are known as D-apps or decentralized apps. These D-apps are going to be the future of the internet when web 3.0 will launch. You can read about it here 10 Web 3.0 Examples: The Ultimate Future of the Internet?
This is a highly demandable and sought-after skill that you can develop. A blockchain developer has a salary of US$1,09,766 per year in the United States. Now that sounds like a great investment!
Invest in a company using blockchain
The next one is to invest in a company that is using a blockchain. Most companies use a private blockchain. When the company makes a profit they will give you a share of it according to your investment.
Invest in a company using cryptocurrency
Another way is to invest in a company that is using cryptocurrencies. You can invest in both ways either in cash or with cryptocurrency. There are many cryptocurrencies in the market. However, Bitcoins and Ethereum are the most famous ones.
Because blockchain is a technology that is most famous for storing and performing transactions of cryptocurrency, by doing this investment there are chances for a high return on investment.
In the End
Finally, Blockchain is a highly popular technology that will get more popular with time. A lot of apps are working on the principle of blockchain. There are many platforms and organizations that have shifted to the blockchain. With the advent of Web 3.0 blockchain will dominate the internet. It provides a highly secure, fast, efficient, and transparent way to share and record information. It is impossible to directly invest in a blockchain however other methods can be implemented.
