6 Benefits of Blockchain to WordPress in 2023
Blockchain technology has gone from just being a platform where users can buy Ethereum to being powerful enough to cause disruptions in industries. It has earned itself a spot as one of the leading technologies in the world.
Once upon a time, Blockchain was only linked to the cryptocurrency market. But now, it is applied in practically all business niches. It has gone beyond being a platform for purchasing Ethereum and other products of the cryptocurrency market. You should know that in this way you also have the opportunity to receive free bitcoin.
In this article, we will consider the incorporation of Blockchain into WordPress.
What Is Blockchain and How Does It Operate?
Blockchain is basically tamper-proof encryption. Blockchain technology is a decentralized suite of distributed ledger technologies capable of recording and tracking valuable data. Altering a Blockchain is near impossible. It is expected to rule the digital world in the future as many businesses can leverage it for a more secure and transparent approach. It stores data in blocks, and these data cannot be altered.
Blockchain time-stamps every exchange of data that takes place on the platform. Once any information is entered on Blockchain, everyone can view it but cannot be altered. To alter information on the Blockchain, every block making that chain will be affected. This, perhaps, is why many see this technology as a transparent option for conducting activities.
Blockchain technology ensures information is spread in the network rather than stored at a central location. Moreover, it stores in blocks ensuring easy accessibility and traceability. One block attaches to the other to make a chain, and that's why it is called a distributed ledger.
The same way information is stored in books and can be referenced subsequently is how data is stored in this distributed ledger. However, the difference is that anyone can alter a book; no one can alter this distributed ledger.
Key Features of Blockchain
To appreciate the operation of Blockchain technology, highlighting its many features is vital. While it may be difficult to exhaust all the amazing features of Blockchain technology, here are a few;
- Visual hash trees;
- Both public and private certificates;
- Customization of certificate header;
- Users, pages, posts, and custom post stamps;
How Blockchain Works With WordPress: Benefits
With technology going beyond the cryptocurrency market to taking over the world, Blockchain themes are now available in WordPress. Blockchain will affect WordPress in many ways. For instance, if you are a cryptocurrency user and looking to accept Bitcoin or Ethereum as payment, Blockchain would be your best bet. It provides a transparent, safer, faster, and much easier transaction.
Let's not waste any more time and jump into how Blockchain will benefit WordPress.
The incorporation of Blockchain into WordPress will cancel out the need for a middleman. This not only makes things cheaper but also fosters trust in the records kept. It helps one looking to accept Bitcoin or Ethereum as payments through your WordPress website to cut costs. Transactions associated with Bitcoin and any other cryptocurrency are lower in comparison to existing gateways.
Since there is no intermediary involved, cryptocurrency can be sent directly from sender to receiver. If you want to buy Ethereum via your WordPress website, you can securely and swiftly do that. With Blockchain technology, you don't have to wait on your banks or gateways to process payments on your transactions.
Many countries in the world accept cryptocurrency. Unlike other e-Commerce payment methods, there are no restrictions associated with receiving Bitcoin or other crypto payments. You can buy Ethereum, Bitcoin, or any other cryptocurrency via your WordPress Website.
Using platforms like Turbotax for crypto tax reporting can help you stay compliant and avoid penalties
Blockchain benefits the cryptocurrency market because it saves people from losing profits, especially when the value of cryptocurrency is fluctuating. WordPress powers more than 30% of websites that exist over the internet. Many people are visiting the site to create their websites. With this information, you can take advantage of this and make huge profits from Blockchain technology. You can also be a merchant for people looking to buy Ethereum.
WordPress happens to be the leading Content Management System (CMS) website today, with over 80% of them disappearing in 2017. Blockchain would be a huge help to WordPress in hardening the system's security and limiting the activities of hackers and crackers.
Blockchain technology features cloud storage which could be referred to as the most relatable and reliable today. With Blockchain, WordPress users can store their data more securely than they ever did.
WordPress is already an outstanding Content Management System. Therefore, the incorporation of Blockchain into it would be a welcome development. WordPress would then be able to maximize its potential for more secure and fruitful growth.
May 29, 2023