Ontology (ONT)
Ontology is a trust network that is diversified, integrated, and dispersed, as well as the architecture for creating a trust ecosystem. Ontology promotes trust collaboration by allowing projects of various forms, sizes, and technologies to transit via Ontology's chain networks and use the distributed trust network as they see appropriate.
Unlike all of the other currencies I've described previously (with the exception of VeChain Thor), Ontology is still very much a work in progress, but it has a lot of potential, as seen by how well it's performing even in current down market. To give you an idea, it was launched on Binance for 1.30$ and is currently trading at $7.42$ (a 570 percent rise) at a time when the whole cryptocurrency market capitalization has declined by more than 13%.
Verified Byzantine Fault Tolerance will be used by Ontology as a consensus method (VBFT).
PoS, VRF (Verifiable Random Function), and BFT are combined in VBFT, a novel consensus algorithm. With VBFT, Ontology nodes must first apply for network consensus participation by placing stake. Then, from among all the consensus nodes, some nodes are chosen using a verified random number. The chosen nodes are in charge of proposing, verifying, and voting on new blocks (s).
The consensus process lies at the heart of Ontology's passive income "piece." More information regarding VBFT may be found here.
The Ontology network will use a two-token system: ONT (the main chain services cryptocurrency coin) and ONG (the Ontology network's utility token) (the utility token of main chain operations). You will earn ONG passively if you own and hold ONT.
The "Triones Economic Model that employs ONT/ONG and combines the VBFT consensus algorithm with a consensus management smart contract" compromises the Ontology Governance Model, which allows for "passive income." The "Triones Consensus System Economic Model" may be found here for additional details.
To earn ONG, all you have to do is keep ONT in your wallet and ONG will build over time. You are required to put up very little effort. You may use this calculator to estimate how much ONG you'll create.
On Binance, Huobi, KuCoin, Gate.io, and a number of other exchanges, you may buy ONT.
Decred (DCR)
Decred is a cryptocurrency that offers a solution to the problem of blockchain governance. It enables users to go from one set of consensus rules to another with ease. As the issues with Bitcoin governance indicate, this is a complicated subject. Decred solves this problem with an innovative hybrid proof-of-work (PoW)/proof-of-stake (PoS) system that is comparable to proof-of-activity (PoA) and provides currency users the ability to choose which set of consensus rules to activate.
This hybrid architecture lets each block to be mined in the same way as Bitcoin (PoW) while also allowing stakeholders to vote (PoS) on a few items, including the validity of the newly minted block and any suggested network improvements or modifications. Purchasing voting tickets unlocks voters' DCR briefly, allowing them to vote. The voter's reward is presently 30% of the overall award; for the most up-to-date reward data, see here. More information on this hybrid design may be found here.
To summarize, to make passive money using Decred, you must take the following steps:
Create a Decred wallet and fund it.
Choose a voting pool (sometimes referred to as a stake pool) and register on the pool's website. Here's where you can learn more about stake pools.
Voting tickets can be purchased.
Storj ( STORJ)
Storj is a protocol, coin, and set of decentralized apps that allow users to store data securely and decentralizedly. It contains security features inspired by Bitcoin, such as a transaction ledger, public/private key encryption, and cryptographic hash functions.
Storj nodes, or ordinary computers that run the software, sell resources to store and transport information in return for STORJ (or other cryptocurrencies).
Essentially, Storj is the open-source, decentralized, blockchain-based counterpart of Dropbox, OneDrive, Google Drive, etc. Traditional centralized solutions have a number of drawbacks (privacy, security, outages, etc.) which Storj solves using the blockchain and peer-to-peer networks.
Unlike all other coins part of this post (and previous posts in this series), with Storj, you need to contribute resources for something in return. Contribution to the Storj network comes in the form of storage space and bandwidth. Given how easy it is to set-up and get started with Storj, if you have unused storage space and/or bandwidth, this essentially becomes passive income.
A tutorial on how to setup and start contributing your unused resources on the Storj network, can be found here.
Unfortunately, there is no easy way to calculate the Storj payout as there are numerous factors that affect the payout, such as:
How many people will upload to the network in the future (and how much)
How many people and how much will they download the files again
Quality of the node contributing resources.