By now I'm sure you've at least heard someone talking about cryptocurrencies and bitcoin, and I'm almost sure you do have a little idea of what cryptocurrencies are. I can assume that a lot of you already know how and where to buy xrp, bitcoin and Other Cryptocurrencies.
But just to make sure we will explain everything from the top. So, a cryptocurrency is a digital asset that is designed to be a digital medium of exchange, but not in physical form.
To prevent Fraud, all cryptocurrencies have a database that contains ownership records for every token produced by the company, their databases also contain strong encryption to protect transaction records, transfer of token ownership, and prevent fraud
Another thing when talking about cryptocurrencies is that they use decentralized control as opposed to using centrally controlled digital currencies. Decentralized control basically means that cryptocurrencies, unlike digital currencies, do not have a headquarters, For example, a central bank.
Through this description, I hope you have a little understanding of cryptocurrencies. Furthermore, we will discuss the first decentralized cryptocurrency that appeared in the world which is Bitcoin.
Bitcoin
Bitcoin Image
Bitcoin is the first and most popular cryptocurrency in the world. The history of Bitcoin is interesting, for example, where Bitcoin is Developed, and exactly who is responsible for the first decentralized cryptocurrency, it is still unknown.
The only thing the public knows is that Bitcoin was created by Satoshi Nakamoto, one or more of the people who created Bitcoin. A pseudonym used by the individual. The true identity of the creator remains unknown. Now, a brief history of the cryptocurrency itself.
In August 2008, two months after Bitcoin.org was registered, a Link to the paper. The paper is called "Bitcoin: A Peer-to-Peer Electronic Cash System" and the author is Satoshi Nakamoto. The paper explains everything in detail. In January 2009, Bitcoin was released as open source software. 2011 , Bitcoin was worth 30 cents per coin, and in just two years, the price had risen to $13.30 per coin.
The first day of 2014 was monumental for cryptocurrencies because The price per Bitcoin soared to $770. After some ups and downs, the price per Bitcoin was $998 at the beginning of 2017. In just one year, the number turned into five digits and the price rose to $13,412.44 per coin.
December hit a record high so far, with the price rising to 19,783.06 d$/coin. But then China banned Bitcoin trading, causing the price of Bitcoin to fall to $3,747 per coin.
Notebook Image of Bitcoin on computer
After the ban, cryptocurrencies have not had good luck on the one hand, because in the first six months of 2018, Bitcoin worth a total of $761 million was stolen. In addition, on the other hand, cryptocurrencies A major blow came a year later when YouTube removed all Bitcoin and cryptocurrency related videos from its platform, only to later bring them back and say they had made the wrong call.
This still did not stop crypto The currency's rise as Bitcoin's value returned to $13,000 per coin in June 2019.
The pandemic has not been easy for Bitcoin either. Due to the massive sell-off that occurred in March 2020, the price once again fell, causing the price to fall to $4,000. But in recent times, the price has risen again, mainly because the Swiss canton of Zug started accepting Bitcoin for tax payments last month. The current value of Bitcoin is $54,247.40 per coin.
If you are interested in running a website centered around cryptocurrency, you may want to stick around as we are going to launch some cryptocurrency WordPress plugins to help you.
Best Cryptocurrency WP Plugins
1. GoUrl
GoUrl Home
GoUrl is currently the most popular cryptocurrency plugin. It is an open source plugin that allows users to securely process payments in Bitcoin and other cryptocurrencies. GoURL has a user-friendly interface, Lots of features and comes with several other plugins that integrate with other e-commerce like WooCommerce, bbPress, etc.
2. CryptoWoo
CryptoWoo Homepage
CryptoWoo is another version of WooCommerce website A payment processing plugin that allows you to accept and process automatic payments alongside Bitcoin, Litecoin, Dogecoin and other cryptocurrencies. One of the most important features of CryptoWoo is the ability to process payments without the need for a third party.
It also displays real-time currency values and exchange rates, and there are no transaction fees for handling cryptocurrencies.
3.Mollie Payments
Mollie Homepage
Mollie Payments is an all-in-one WooCommerce plugin that Allows you to accept multiple types of payments, including Bitcoin. Your customers can choose whether to pay with credit card, PayPal, or cryptocurrency.
It also allows you to sell digital and physical products, and includes monthly payments Subscribe. Another great thing about this plugin is that it is completely free with no processing and transaction fees.
4. Coin Table
Coin Table on CodeCanyon
Coin Table is a content management plugin that will display real-time information on your website for more than a thousand cryptocurrencies. You can also display the trading prices of cryptocurrencies on your website. All information will be updated automatically and with your Own admin panel so you can manage settings for your website.
The price of this plugin is currently 29$.
5.CryptoLive
CryptoLive Icon and Name
CryptoLive is a cryptocurrency price tracker that allows you to track the price of cryptocurrencies on your website. It automatically refreshes in the browser, so there is no need to refresh the page. Additionally, each cryptocurrency has its own page that displays Information about it such as market information, historical price charts and live updates feed.
It also has instant search and filtering options that allow you to find the currency in question as quickly as possible.
In our Before I leave you
With these five plugins, you will be able to dive headfirst into the world of cryptocurrencies and try to get going. It sounds a lot more complicated than it is, which is what we're probably used to because, at this point On, it was only a matter of time before the cryptocurrency was accepted around the world.
Imagine that in just ten years, after all the ups and downs, Bitcoin somehow managed to gain traction An almost unimaginable value to something else. In physical form.
With the first emergence of cryptocurrencies and the entire development of Bitcoin, we are literally witnessing history in the making because, who knows? Maybe Bitcoin will one day disappear and a new currency will take its place. Or maybe, the entire world eliminates all other currencies and the world currency becomes Bitcoin.
We don't know What the future holds for us, but we know it is interesting. For those who want to learn more and improve their cryptocurrency skills, you should check out the Cryptocurrency Trading Signals Free website and service.