The development team believes transactional confirmation speed and economic freedom are crucial to payment systems. The confirmation speed is just 2 minutes, beating many major currencies. The ERC-20 coin can be stored and sent from any Ethereum wallet.
The backing is a ratio of 1000 GoldCoin per ounce of gold, which makes it much less volatile than many other cryptocurrencies, which are not pegged to any stable asset. It also provides the benefits of a digital asset, physical gold, and it is easily divisible, portable, and transported. The token can be redeemed back into physical gold at any time. It can also be converted back to fiat. GoldCoin can be found at exchanges and on the company’s website. Furthermore, you can purchase GLC from a system of ATMs.
Features:
- Each GoldCoin token is 1/1000 of an ounce of gold
- The platform scales through the on-chain and off-chain scaling methods
- It is mind through the proof of work algorithm, like Bitcoin.
