How to Use Bitcoins to Buy Hosting Services

What is Bitcoin?

A Bitcoin is a peer-to-peer digital currency where high level of encryption techniques are used to generate units of currency, verify transfer of funds and operate independently of any bank. Bitcoins are not tied to any country or subject to any regulations worldwide. Today Bitcoin provides a fantastic way to increase wealth and has been constantly used and traded for investment purposes.

What is Bitcoin Hosting?

Many companies around the world providing hosting services have now started accepting Bitcoins as a mode of payment. These fees paid through Bitcoin for availing a hosting and related service online is called Bitcoin Hosting. There is otherwise no difference between ordinary hosting and Bitcoin hosting; the services remain the same such as:

– Shared hosting

Virtual Private Servers (VPS)

– Dedicated server plans

– Domain name booking and registrations

– Cloud VPS services

What can I use a Cloud VPS for?

A Cloud VPS is a system hosted at an off-site location. Cloud VPS systems can be used for hosting a dynamic website or an online file storage system. Cloud VPS is said to be less expensive than a dedicated server. Some of the Benefits of using Cloud VPS are as follows:

– Reduction of cost

– Building redundancy in the online system

– Improve performance, and

– Improve online scalability

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