How to get rich on the Ethereum blockchain
If you’re a bitcoin investor, you’ve probably been looking for the next big thing in crypto.
Now, a new group of smart contracts that allow you to earn a lot of cryptocurrency have come to life, and they’re being touted as a big step toward the Ethereum cryptocurrency.
In a recent video posted to the Ethereum subreddit, a smart contract developer named Eris Ozdemir describes his project, called Emu.
The program is similar to the bitcoin network’s Ethereum, but instead of creating a bitcoin-style blockchain, it creates a smart token called a “coin.”
Instead of using bitcoins, the token can be traded for other cryptocurrencies, including Ether, which can be used to pay for services like a coffee or car repair.
To get a sense of how much the Emu program can earn, Ozdemirs creator created a video called “The First 100 Million Tokens.”
In it, Ozderes explains how his program can pay for a coffee and a taxi, but then gives a bit of context on the project:”The project started with a single goal.
To get the first 100 million tokens created.
So it’s not just to make some quick money.
The goal is to make the tokens valuable for everyone,” he explains.”
It’s also to create a network that people can invest in, that people will use for their own services.
So, we want to make it easy to do so.”
So, why Emu?
The answer to that question is simple.
The blockchain network, known as the blockchain, is the foundational technology behind Ethereum.
It is the backbone of the Ethereum protocol, and its blockchain enables decentralized, distributed computing that allows the creation of smart tokens.
The Emu smart token is a proof-of-concept project that’s being used by developers to create new smart contracts.
But, while Ozdemiris’ project can pay a coffee for a taxi in the future, the emu project is only being used as a proof of concept for now.
That’s because it’s a project that isn’t yet ready for wider adoption.
“We’ve been working on this for a while, but the Ethereum community has been very slow to adopt it,” Ozdemire explained.
“So, it was a really big challenge to get the Ethereum developers to adopt the emus platform.
So we’ve been talking to a lot more Ethereum devs, and I think they’re really happy with the platform.”
So how do you earn emu tokens?
Unlike other digital assets, emu doesn’t have a decentralized network.
Ozdemira explained that the token is created on a computer that then holds a copy of the blockchain that the developer can use to create smart contracts on the network.
Once the contract is created, the user must wait a few days for the contract to be verified by the network, and then the token must be exchanged for ether, which Ozdemres explains can be bought and sold in Ether exchanges.
The first 100 Million tokens created, and their use on the Emus platform, are currently available only to developers.
To access the network itself, you will have to sign up for an account on the platform, which will let you trade tokens for ether.
To learn more about Emu, Ozdebirs creator shared the following video that demonstrates the process.
While the Emumu smart contract can be easily programmed, it is still early days in the project.
Ozddemir said that he and his team are currently focusing on building out a marketplace where people can buy and sell Emu tokens.
The Emu team is also working on other projects, including a cryptocurrency exchange and a cryptocurrency trading platform.
To learn more, check out the Emunet project’s website.