What is Magento2

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 Magento

Magento is an open-source e-commerce software developed by Varien Inc., is useful for online businesses. It has a flexible modular architecture and scalable with many control options that are useful for users. Magento uses an e-commerce platform that provides organizations with the latest e-commerce solutions and a comprehensive support network. This tutorial will teach you the basics information of Magento uses.

This technology was developed by Varien Inc, a US-based private company with volunteer assistance in the city of Culver, California.

On this platform, more than 100,000 online stores have been created. The software has been downloaded more than 2.5 million times and has sold goods worth $155 billion in 2019 via Magento-based systems. Magento accounted for about 31% of the total market share in the past two years.

On March 31, 2008, Varien released the very first general-availability version of the program. Roy Rubin, Varien’s former CEO, later sold the company’s stake to the company “eBay”, which subsequently bought it entirely and then sold it to Permira, which later on sold it to Adobe.

Magento 2 was released on November 17, 2015. However, the features changed in v2 are enterprise-grade scalability, and reduced table locking problem, also improved page caching, CSS Pre-processing with LESS & CSS URL resolution, built-in rich snippets for structured data, new file structure with easier customization, improved performance and a more structured code base. Magento uses MySQL for a database.

What is E-commerce?

E-commerce is a process of buying and selling goods and services with the help of the internet and transfers the money and data to execute these transactions. E-commerce is also known as Digital Commerce or Internet Commerce. It was introduced in the 1960s through the method of EDI and VAN.

Online stores such as – Paytm, Flipkart, Myntra, eBay, Shopify, Olx, Amazon, and Quicker, etc. are examples of the E-commerce website. Using an E-commerce website, we can sell our products over the internet.

Following are the categories of E-commerce:

Business to Business (B2B): This transaction is between the companies. It is done between the wholesaler and retailer, or it is done between the manufacturer and wholesaler.

Business to Consumer (B2C): This transaction is done between the business and the consumers. In B2C, the merchants sell their product directly to the consumer using shopping cart software over the internet.

Consumer to Consumer (C2C): This transaction is done between consumers, where consumers trade the products with each other over the software on the internet. In this type of transaction, one consumer or customer interacts with other consumers through the internet.

Consumer to Business (C2B): This transaction is done between the consumers and businesses or organizations, where consumers make products and services available on the online store for organizations to purchase.

Why use Magento?

It is an open-source e-commerce software.

It is scalable and provides small organizations to build a business online and attract customers.

Magento also enables searching and sorting of products in maximum possible ways.

Magento can easily integrate with many third-party websites that are needed to run the E-commerce website effectively.

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