The notable recent rise in bitcoin prices has revived the imagination of many investors, but Blockchain technology isn’t just about money. In this article, we will look at how significantly this revolutionary technology will impact classic web hosting services.
The concept of cryptocurrency is not rocket science. In fact, this medium is no more complicated than a traditional currency. However, it nonetheless needs a secure and trusted environment in which it can operate, and this is provided by Blockchain.
What is a blockchain? There are many misunderstandings associated with this, but for the purposes of this article, we will simply define it as a distributed spreadsheet. We’re all familiar with Excel or Open Office spreadsheets, but what makes Blockchain so appealing is the way it spreads.
Like the files in Torrent, Blockchain is a peer-to-peer network where there is no need to provide trust between the parties. Thanks to modern cryptography, trust is instead maintained at the level of a single record rather than the participant receiving it.
Okay, now we understand the basics of the cryptocurrency revolution, but how, one might ask, does this affect hosting services? In fact, in its simplest form it involves not only selling your services in your local currency, but also bitcoin and other cryptocurrencies.
flying spirit airlines
However, this is not the end of the revolution. Bitcoin and other digital currencies need e-wallets, and so a traditional web hosting provider has tremendous potential. If you trust customers and host their sites, then why not host their electronic valet?
Each cryptocurrency transaction is an actual transaction between two electronic valet. Each exchange is supported through a wallet and you can also provide an interface for customer access. This factor is crucial in order to fully understand the impact that Blockchain can have on your hosting.
At the same time Blockchain – it’s not just money. The latest versions of its protocols also make it possible to enter into an agreement between the parties in any form, whether it be a subscription to cable television or any other type of account. They all need to be stored somewhere, and there is room for hosting companies.
continental airlines official site
Therefore, a wallet is the key to making full use of the potential of Blockchain. Once you understand this, what will be the next steps?
frontier airlines official site