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Ethereum is the largest blockchain project in the world, second only to Bitcoin. While the blockchain space has already enabled the creation of dApps (decentralized apps), the platforms aren’t interoperable. Ethereum’s creator, Vitalik Buterin, saw this weakness and designed Ethereum to unify the way these dApps run and interact with each other. 

Find out how you can get this highly coveted crypto without spending any money. All that and more below.

What is Ethereum?

In the simplest explanation, you can view Ethereum similar to Apple’s App Store or Google Play. Thousands of decentralized applications run on Ethereum. These apps all follow the same ruleset, but the ruleset is hardcoded and enforced autonomously in the network. 

Ethereum, however, does not have a central authority, unlike Apple or Google. The power lies in the hands of the Ethereum community, making it a fully decentralized and user-powered network.

Thanks to users who serve as the “nodes”, the Ethereum network exists on thousands of computers scattered worldwide. If one computer malfunctions, it wouldn’t be a problem thanks to the thousands of other computers holding the network up. 

Ether (ETH) is the digital oil that fuels the entire network. Developers pay ETH for the computing power and space required to run their apps in the vast computer network scattered worldwide. People are incentivized to host and maintain the blockchain to acquire Ether.

Why would people go through so much trouble to get ETH? For starters, Ethereum offers transparent policies that curb inflation over time without relying on a hard supply cap. ETH is also perhaps one of the most liquid investment assets due to its large and committed global community. You can easily trade ETH for fiat money or any other type of asset at low fees.

How to Get Ethereum

First launched in 2015, Ethereum has had multiple new all-time highs since then. If you want to add ETH to your portfolio, you can get this coin by buying or mining it.

Buying ETH

To buy ETH, you need to choose a cryptocurrency trading platform that supports it. Thanks to its popularity, it is listed in almost every exchange such as Coinbase, Gemini, Binance, and many more. 

Before you buy Ethereum, consider the risks involved. Cryptocurrency is a highly volatile and unpredictable investment. While you may have great potential for high returns, there is also a strong possibility of dramatic losses. A lot can change in a blink of an eye. Make sure to take risks you are comfortable with. Better still, only invest money you can afford to lose.

Mining ETH

Ethereum is currently using a “Proof-of-Work” consensus process where miners spend their time and computing power solving complex mathematical problems. Doing so verifies Ether transactions and keeps the network running. Miners get rewarded with Ether each time they complete a PoW task.

However, Ethereum 2.0 roadmap introduces the network’s transition to the Proof-of-Stake algorithm which would deprecate miners. Transitioning to the PoS consensus mechanism makes Ethereum more sustainable and environmentally friendly. 

While PoW mining is projected to still be functional until 2023, mining ETH traditionally can still rack up costs. You have to obtain expensive heavy-duty hardware, highly technical skills, and money to cover the high electricity bills since mining takes a lot of power.

Get Rewarded with Free ETH

If buying or mining ETH isn’t your cup of tea, FreeCryptoRewards offers you a completely secure and legitimate way of getting this crypto without opening your wallet. 

Simply complete everyday tasks such as watching videos, answering surveys, and completing offers. Each task you finish earns you points you can use to claim free ETH, any other available cryptocurrencies like ETC or BNB, and even cold hard cash. 

To earn even more points, successfully invite friends. Before you know it, you’ll get free ETH deposited directly to your Coinbase wallet.

Watch Out for ETH Crypto Scams

If it’s too good to be true, it probably is.

Of course, it is tempting to take a shortcut. One quick Google search later and you’ll find a bunch of suspicious-looking websites promising free Ethereum for nothing in return.

Know that 10 out of 10 times, these websites end up as nothing but scams. Not only are you endangering your computer to malicious software but you also leave yourself vulnerable to identity theft. Clicking on these scam websites is a thousand times riskier than investing in a volatile market. Always think before you click.

Instead of wasting your time, put it to good use with FreeCryptoRewards一an accredited rewards site trusted by people all over the globe.

Claim Your Rewards Today

The only capital you’ll need with FreeCryptoRewards is time. Put your wallet away and start earning ETH as early as today. Diversify your portfolio at zero cost and zero risk to you. 

Sign up for free and get your rewards right away!