Digital Gold, the first cryptocurrency backed by gold

Technical Hamza
2 min readNov 30, 2023

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If we talk about companies dedicated to the flow and management of cryptocurrency, it is necessary to take into account the platform and the project in general of Digital Gold, which was born to solve the need for a cryptocurrency that can be held in cash and not only as money. electronic, so that it has the revolutionary advantages of cryptomoney technology, compared to the national currencies in common use (called Fiat). But it is also backed by gold, something that is undoubtedly innovative in the modern market. In fact it is the first in the world. In this way we see how Golden Currency breaks those current standards and goes back to the past in search of a better way to reinforce the value of its users’ capital.

All the features of Digital Gold work based on the blockchain system, in such a way that it has an important advantage in many aspects of the project’s conception, of which the security against theft in our digital wallets and in exchanges through the use of the famous smart contracts. Thus, the Golden Currency platform uses blockchain to create a well-structured and articulated network that manages to unite the advantages of cryptocurrencies (adding the ease of using it like cash) such as transfers or electronic payments through a digital wallet with all the basic structures found in the global economy, such as banks, gold-backed currency, ATMs, and the use of credit or debit cards, including the ability to use points of sale.

One last piece of information that is interesting about the possibilities that Digital Gold offers within its cryptocurrency and that is related to the above, is the possibility of enjoying a type of money that will not suffer from inflation and that can be generated due to poor management. What national governments do when printing money at all times (such as the US dollar) can cause daily inflation of up to 98%. In some countries it has even exceeded that percentage, acting as a true hyperinflation that devours the value of people’s money. It is because of this that Digital Gold seeks to carry out a project where its members can truly enjoy all their riches in the form of a token typical of the times in which we live.

Website : https://gold.storage/en/home

Twitter: https://twitter.com/gold_erc20
Ann: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp/White_paper_en.pdf
Telegram: https://t.me/digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20

Forum Username: chinawalltoko
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=839641
Telegram Username: @Anokieyes

ETH Wallet Address: 0x17E6C081d832B9c6eDE9097dEA11262E3802077B

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