If you are someone who stays up-to-date with the current digital trends, then you probably have heard of bitcoin, an open-source cryptocurrency used for the online transaction. Many years ago, people were not so welcoming of cryptocurrency like bitcoin. However, the past years have been moments of transformation. Bitcoin is widely accepted now, like other payment portals. In addition, bitcoin hosting has become a safe and reliable way of transferring funds. Today, you can use it for almost all types of purchases, from buying software, subscription, operating system, and cloud hosting. Yes, you read it right! It is now used to purchase cloud hosting.
How does it work?
Bitcoin hosting is a decentralized transaction. The network is not an oversight by the government’s financial institution. Instead, bitcoin payments are processed through a peer-to-peer network of users. The transaction that takes place using bitcoin is recorded and can be accessed in a blockchain ledger. Still, it is impossible to identify one’s identity, hence, making the transaction anonymous, safe, and secure.
Why should you use bitcoin for cloud hosting? What is it for you? Well, there are many advantages to using bitcoin, such as the following:
- Privacy – One of the advantages of bitcoin is it provides top-notch privacy to users. You don’t need to divulge your credit card details or other financial details, for that matter.
- No annual fees – Credit cards have an annual subscription fee, but you don’t need to worry about annual fees if you use bitcoin. Yes, bitcoin is free, and free is always better.
- Speedy processing – We are living in a fast-paced world. We want everything to be instant, including the processing of the transaction. With a bitcoin network, you are guaranteed a quick processing time.
- No third party – Bitcoin is a decentralized network and is not regulated by a third party such as the government’s financial institution. Hence, there’s no chance for your bitcoin wallet to be frozen.