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Bitcoin And WebShop Revolution

bitcoin WebShop Revolution

So we’re building an easy signup and make your own shop system but what else can we do to help distinguish us from some of our competitors, what about Bitcoin?

Bitcoin Integration

Yes that’s right you might have heard of it or not but there is a new currency it’s been around for a short while now and it’s called Bitcoin.

Heres a few paragraphs from the Bitcoin.org site.

What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and is a completely Digital 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 pretty much like cash for the Internet.

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

How does Bitcoin work?

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the “block chain”. This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending Bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in Bitcoins for this service. This is often called “mining”. To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Is Bitcoin really used by people?

Yes. There is a growing number of businesses and individuals using Bitcoin. This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, Reddit and Flattr. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of August 2013, the value of all Bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of Bitcoins exchanged daily.

How Do You Use Bitcoins?

WebShop Revolution And Bitcoins

When a shopper chooses the Bitcoin payment method, they will be presented with an order summary as the next step (prices are shown in whatever currency they’ve selected for shopping). If the fullscreen option is disabled, they can pay for their order using the address shown on the screen. Otherwise they will place their order and be redirected to bitpay.com to pay.

The order status in the admin panel will be “Processing” if payment has been confirmed.

More on Bitcoins and WebShop Revolution coming soon.

 

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