July | 2022 | Marx Coin

Understanding the Relevance of Blockchain Technology to Ecommerce

Posted on July 15, 2022

Since last year, the cryptocurrency world has been reacting to the pressures of inflation and liquidity crisis; the price of bitcoin has fallen below $19,000. Yet cryptocurrency is not just about BTCs and other digital coins. Globally, there has been increased adoptions of the blockchain system and use of decentralized private digital money. More so now that ecommerce is the new norm, many have come to comprehend and appreciate the advantages of using the blockchain technology for online transactions.

While the value of BTC has spiraled way below the all-time high price of $67,566 recorded in November 2021, such trends affect those who are into investing in crypto money as a safe haven instrument. The historical trends of the world’s largest cryptocurrency, BTC, are demonstrations of the volatility of digital assets. Yet it did not stop several countries and financial institutions from adopting the blockchain technology and introducing their own private digital money for various ecommerce transactions.

What Exactly is Blockchain Technology and Why is it Good for eCommerce

Blockchain technology is actually a program that serves as a digital ledger used for recording peer-to-peer encrypted financial transactions. It’s a direct payment system that does not have to pass through a third party financial institution like banks. The system not only hastens the processing of financial transactions. It’s also cost-effective since users do not have to pay the usual fees and charges commonly collected by banks in processing fund transfers requested by customers.

Since the blockchain platform uses cryptography in recording the financial transactions, the encrypted information serves as security against hacking or alterations that will permit cheating.

Actually, this style of recording is called crypto minting. It refers to the linking and recording of related encrypted transactions, starting from the acquisition of the digital money, through all subsequent and related financial transactions affecting that particular digital money. The chain of connected encryptions forms a block, from whence the term blockchain was coined.

As an additional security feature aimed at ensuring the legitimacy of a blockchain entry, crypto miners authenticate the legitimacy of the entire chunk of encrypted data before adding and recording a new entry in the digital ledger.

Importance of Ecommerce Website for Different Crypto Ecommerce Transactions

Ecommerce may involve business-to-customer (B2C) or business-to-business (B2B) transactions to which the use of cryptocurrency as mode of payment is currently being adopted. The developer for ecommerce websites must consider several aspects when adding features that would make the use of the site customer-friendly,

A website for ecommerce by brainvire will ensure that the site will immediately and clearly state options for ecommerce payments. In most cases, a link to the affiliated crypto exchange company is provided to make it easier for customers to purchase the needed cryptocurrency. Most important of all, is the security of the website in order to prevent hacking incidents.

Buy Cryptocurrencies: Rapid Development

Posted on July 7, 2022

The growth of cryptocurrencies is progressing fast. A few years ago, Ethereum and Bitcoin were still the digital methods of payment for a small number of computer enthusiasts. Now, they are almost on the lips of every person and among speculative investors and private investors. The reason for this is simple. Any person who purchased bitcoins a few years ago for a few hundred dollars is now a millionaire.

New cryptocurrencies are continually emerging

Are you interested in the Bitcoin hype? If so, then you surely have reflected on how you can take part in the increase in cryptocurrencies’ value. You already know where you can purchase Bitcoin, Ripple, Ethereum, Litecoin, and others.

Difference Between Crypto And Real Estate

Posted on July 6, 2022

This topic is about the difference between crypto and real estate in terms of investment. The difference is that real estate usually requires more time, money, and expertise to invest in, and you have a physical building that governments or other agencies can take over if you are not paying your taxes, to simplify all information about real estate, look for us housing market. While cryptocurrencies are a relatively newer type of currency that has been taking off in recent years, the most popular is Bitcoin. The most distinct difference between these two types of investments is how they both work. Real estate has to do with a physical location-specific to one area, while cryptocurrencies can be accessed from any part of the world.
Cryptocurrencies have been rising in popularity within the past few years due to their accessibility across borders as opposed to a physical location like real estate.

Crypto and Real Estate investments are two very different kinds of investments. The former is highly volatile, while the latter is more stable. It can be said that crypto investments have a higher risk and high reward potential, whereas real estate has a lower risk with lower reward.
Although crypto and real estate are different types of investment, on some level, they overlap. For example, if an investor doesn’t want to invest in crypto, they might invest in real estate because their money will be more stable. However, inflation might still affect real estate in certain parts of the world where it is rampant.

With crypto, you are investing in something intangible and intangible. You are not getting anything tangible in return. With real estate, you have a building or property that is tangible and has an intrinsic value because of its physical properties.
The crypto market is volatile and that makes it a risky investment for anyone looking to invest in the long term.
Real estate prices remain stable even when the economy suffers from recession because people will always need places to live – this gives an intrinsic value to any real estate property.

Difference between cryptocurrency and real estate:

In the cryptocurrency world, you can invest in digital currencies and startups. You can also invest in traditional stocks, bonds, and other types of financial securities.
Investing in real estate involves a few different ways to proceed. You could buy an investment property or purchase something for your use. Another option is to sign up with a company like HomeUnion that lets you invest in their fund in US-based real estate properties.
The decision regarding which asset class you want to focus on will be dictated by how much risk you’re willing to take on, how much time you will have to devote to managing your investments, and what type of return you want on your investment.

The difference between crypto and real estate is that one type deals with a digital currency, and the other deals with land. The decision to invest in either of these depends on the investor’s goals, tastes, and preferences.
If the investor has more time on his hands and is looking for a long-term investment, he should consider investing in real estate because the prices tend to rise over time. But if the investor needs immediate liquid cash, he should go for cryptocurrency.