As always, Internet Solutions HK, one of the best Hosting providers in Hong Kong SAR, continues to update and keep up with current trends in the technology industry. We now welcome Litecoin, the sixth largest cryptocurrency with a market cap of $9 billion, as another method of payment that offers low transaction fees, anonymous and almost instant transactions.
We are glad to announce that you can now use Bitcoins to pay for Website Hosting products. After a long period of testing and integration in our website www.internetsolutions.hk we are sure that this new option is safe and will bring convenience to many clients.
What is Bitcoin?
Bitcoin is a peer-to-peer electronic cash system. It is a consensus network that enables a new type of payment method and a completely digital form of money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled.
Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space.