How to Make Passive Income Staking Ethereum 2.0

You’ve seen the headlines — Ethereum’s price is on the rise because the Ethereum 2.0 network is here and the bridge to the new format has been deployed. You’d like to join the party, but you don’t have thousands of dollars to invest, or the technical expertise to buy, store, and secure cryptocurrency yourself. What do you do? This is your chance to get in on the ground floor of a new alternative investment class with massive potential and little downside. This post will show you how you can stake your Ethereum 2.0 on Binance or Coinbase to make money on a consistent basis, plus gain additional passive income through appreciation.

What is Ethereum?

The Ethereum network is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third party interference. These apps run on a distributed platform of many thousands of computers around the world, each running its own copy of the app. The blockchain is stored across all of these computers rather than within any one of them. Because these apps can be run on many computers at the same time, they are extremely secure. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures…