How Blockchain Makes Money?
Blockchain is a distributed database that enables secure, transparent as well as tamper-proof record-keeping. A blockchain is essentially a digital ledger of transactions that is shared among all participants in a network. Each transaction is verified and then recorded in a block, which is added to the chain chronologically. In this way, the entire history of a particular asset can be traced back through the blockchain. 13 Ways to Make Money from Blockchain 1. Bitcoin mining The most popular and well-known way of making money from blockchain is bitcoin mining. In order to add transactions to the blockchain, miners must verify them and then add them to the block they are working on. For this service, they are rewarded with a certain number of bitcoins. 2. Transaction fees Another way that blockchains make money is through transaction fees. When users want to send or receive assets on a blockchain, they must pay a small fee in order to have their transaction processed by the network. The