The recent rise in Bitcoin prices has revived the sentiment of many investors, but blockchain technology is not just about money. In this article, we will look at how this revolutionary technology will have a significant impact on popular web hosting services.
The concept of cryptocurrency is not rocket science. Of course, this exchange rate is no more complicated than the traditional currency. However, he needs a safe and reliable environment in which to work, which is provided by my blog.
What is blockchain? There are many misunderstandings related to it, but, for the purpose of this article, we will describe it as a spreadsheet. We all know spreadsheets by Excel or Open Office, but what makes blockchain so attractive is the way it is distributed.
Like all files in Toronto, Blockchain is a peer-to-peer network that does not require trust between parties. Thanks to state-of-the-art encryption, the host is kept at a record level rather than the host party.
Okay, so now that we understand the basics of crypto currency change, but how can we ask, does it affect web hosting services? Basically, this suggests that you sell your service not only in your local currency but also in Bitcoin and other currencies.
But this is not the end of the revolution. Bitcoin and other digital currencies require an electronic wallet to work, so there is a huge potential for traditional web hosting providers. If you have the trust of your customers and they host their sites, then why not host their electronic wallets?
Every transaction in cryptocurrency is a real transaction between two electronic wallets. Each transaction is handled through your wallet and you can provide an interface for your customers to access. This is important to fully understand the impact blockchain can have on your web hosting business.
This is not just about money. The newer versions of the protocol give us the opportunity to enter into any contract between the parties, whether this is for cable TV subscriptions or any other type of account, all in one place, and there is room for web hosting companies to participate.
The bag is the key to making full use of the blockchain. Once you understand this, then what should your next steps be?