Blockchain Technology – Cryptocurrency – Website Designs and Coding
Introduction to Blockchain Technology
Blockchain is sometimes described as the greatest invention since the internet or as a real revolution that will change our way of life. The famous English newspaper the Guardian did not hesitate to publish a provocative headline: “blockchain: the answer to life, the universe, and everything?”
To understand what the Blockchain is and how it works, it is necessary to go back to the source, that of Bitcoin.
For users, Bitcoin is a peer-to-peer (P2P) network that allows money to be transferred as easily as sending an email, without resorting to a central entity, such as a bank.
Bitcoin is a shared ledger—or ledger—to which transactions are entered. “Shared” because everyone has a copy of the registry. The consequence is that any alteration of this register, intentional or not, is immediately rejected by the network.
Thus, Bitcoin users know that once their transaction is entered into the register, no one will be able to delete or modify it. They thus trust the network, without having to trust each member of this network.
Blockchain is a technology for storing and transmitting information, transparent, secure, and operating without a central control body. It is the technology at the heart of the decentralized web and decentralized finance.
The blockchain is a network made up of “clients” (also called “nodes”). There is no server to structure this network, which is therefore decentralized. This brings certain reliability within the framework of a public network because it is impossible to disconnect all the nodes simultaneously: the network will thus always remain online. The other advantage of this type of network is that each addition of information must be approved by a majority of nodes which creates a consensus format where no one can be the sole decision-maker (beyond the fact that it is almost impossible that an actor owns more than 50% of a public network, mechanisms exist to avoid unilateral manipulation of the channel).
Banks, insurance, real estate, health, energy, transport, online voting… there are many applications. The financial sector is exploring the possibilities of this technology, the benefits of which are substantial: reduction of costs, errors, and time.
Cryptocurrency wallets or purses are the bridge that allows us to manage our cryptocurrencies. A piece of software or hardware with which to perform the receiving and sending operations through the blockchain network of each cryptocurrency.
The term wallet refers to a virtual wallet, wallet, or purse in which we can manage our crypto assets. It is software or hardware exclusively designed to store and manage public key data and private keys of our crypto-currencies.
The use of these tools is essential in the management of our crypto-currencies. That’s why choosing the one that meets our needs is as important as having one.
Blockchain website design
Blockchain website design is the revolution that’s happening in the website design world where blockchain technologies are used to reimagine the website creation process from the ground up.
Some areas where this occurs are in UX/UI design where static HTML pages are being phased out. Another is the support of cryptocurrencies in e-commerce payments.
Using blockchain technology on your websites, data can be stored and accessed in a decentralized, private way. You can distribute data across a series of connected nodes that are secure and readily accessible. Others are smart contracts and identity management.
Blockchain coding or blockchain programming is developing tools and applications that use blockchain technology. This taps into the already existing transparency, security, and trust that is the foundation of this technology to develop more secure systems, websites, and software of the future.
Blockchain Relevance in Website Design
There are so many ways to take advantage of this game-changing technology in your website design. This includes the way you store data, design the UI/UX, manage contracts, code web apps, and receive payments.
The last one is the most popular use of blockchain today, and no matter what stage you are in your business, you can start taking advantage of it.
Here are some benefits of setting up your website to receive digital coins:
- Cryptocurrency allows your customers to avoid the costs of banking — usually around 2-3% of the amount of the transaction. With crypto, the cost depends on the speed at which the transaction is processed, which is their choice.
- Accepting the digital currency on your website improves your brand image. It shows that your online business is at the peak of technology and modern. It will also attract customers who wish to spend their bitcoins.
This solution also allows you to keep full control of your money. You escape the consequences of various policies implemented by central banks.
- Refunds and chargebacks become a thing of the past. All retailers know how much time and energy is lost in chasing refunds. The payments made within the blockchain are irreversible. This way you avoid this kind of trouble.
That’s not all. This is one of the most powerful ways to set up your business website with current 2021 website technology as well as future-proof it for many years to come.
The economy is following, with increasing interest, the advancements in blockchain technology. The solutions based on Blockchain are particularly suited to business processes that need to be decentralized because many independent actors are involved.
If you want to position your business as a modern brand and you are ready to seize the future of web development and e-commerce, talk to Cybercontroller’s experts today. We are ready to answer all questions you have and guide you towards higher revenue for your online business using secure blockchain technology.