Ever since their emergence, cryptocurrencies have garnered a lot of attention. Digital currencies have certainly made an impact on how digital assets are exchanged online and they pushed towards decentralizing control, yet adding transparency, verifiability and trust to the equation.
If you’re considering launching a website about cryptocurrencies, be it a cryptocurrency calculator website, a mining equipment selling website, a cryptocurrency wallet or exchange site, or a professional blog dedicated to digital currencies, we’ll show you how to create your own cryptocurrency website about the newest payment methods that have taken financial markets by surprise.
But first, let’s see what cryptocurrencies are:
What is Cryptocurrency?
In a nutshell, cryptocurrency can be defined as a digital asset, whose medium of exchange uses cryptography to generate additional units but also to secure and verify transactions. They’re a peer-to-peer method to transfer value, which excludes third-party interference (e.g. the control of a bank) thus eliminating aspects such as downtime, censorship or fraud.
Some of the concepts that cryptocurrencies operate with include:
- Mining: Mining refers to the process of generating new cryptocurrencies. Miners create new cryptocurrency units usually from a finite amount and while doing so they carry out and facilitate transactions between addresses.
- Ledger: All cryptocurrency transactions are recorded in a public ledger. New transactions are added to the ledger and signed by miners for a small fee.
- Wallet: Essentially, a cryptocurrency wallet is a file, which consists of a pair of private and public keys. Your public key is your cryptocurrency address (it’s fiat equivalent is your bank account number), while the private key enables you to spend money from that account. It’s important to keep a secure backup of your wallet, even if you’re using an online cryptocurrency wallet provider, because losing your wallet, i.e. having it permanently deleted, renders you unable to access your funds;
- Blockchain: A blockchain is the technology that powers cryptocurrencies like Bitcoin, where a block in the chain is a group of transactions, which are secured and signed by cryptography. It’s a record of all transactions on the network and it’s accessible to all participants.
Although there are thousands of cryptocurrencies, currently, Bitcoin and Ethereum are the most popular ones. Bitcoin was the first cryptocurrency to surface in 2009. Currently, Bitcoin remains the most valuable cryptocurrency, which is also due to its built-in scarcity — there is a limited number of bitcoins to be made, and the limit is set at the 21 million bitcoin mark.
Ethereum, on the other hand, emerged in 2015. In contrast with Bitcoin, Ether is open-ended, which means that its supply is constant and expanding. It’s also a blockchain app platform and a programming language to help developers build distributed applications.
Although both Bitcoin and Ethereum are powered by the principle of distributed ledgers and cryptography, ultimately their purpose is very different: While Bitcoin was created as an alternative to fiat money, Ethereum is platform that facilitates social contracts and distributed applications.
Seeing how these new currencies are gaining ground and paving the way for new ways to move value, all the while shifting away from traditional systems, it’s an interesting niche to get into whether you’re a financial analyst or a cryptocurrency enthusiast.
Creating Your Own Cryptocurrency Website
For the platform of your website, we recommend choosing WordPress, which is a content management system suitable for the creation of virtually any type of website, including a website focused on cryptocurrencies.
As a flexible platform, WordPress allows you to add various functionalities to your site through plugins. For example, the Cryptocurrency All-in-One WordPress plugin features displaying of prices and exchange rates, cryptocurrency calculator, accepting orders and payments, accepting donations, etc.
Other premium plugins like CoinComparedisplays real-time quotes, trades, and interactive charts for more than 2000 cryptocurrencies. This plugin can help identify trending coins and compare the historical performance of various cryptocurrencies.
Besides functional aspects, handling the design of your site can be simply made through themes, which will determine how your website looks like to visitors. Premium themes usually feature ready-to-use page templates that you can edit and customize to your liking.
Even if you’re not using WordPress as your platform, but you want a simple HTML website, you can still use HTML templates that can be further customized and edited to suit your needs.
But before you can install necessary plugins and personalize the design of your cryptocurrency website, you’ll first need a domain name and web hosting.
Get Domain & Hosting from InMotion Hosting
You can purchase your domain name from well-known domain registrars like Namecheap, or you can register your domain name directly with your web host, especially if they offer a free domain name with their hosting plans.
Web hosting companies often provide domain registration services in addition to web hosting. But web hosts like InMotion Hosting will offer free domain registrationwith business shared hosting, WordPress hosting, and VPS plans. If you’ve already purchased a domain elsewhere, you will receive domain credit that can be used later.
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