DIGITAL GOLD AND ITS WAY OF ENSURING A BETTER GOLD INDUSTRY

Much has been said about the crypto space and its potentiality which has been proved with its constant growth. In fact, in time past, it was doubted to grow thus leading to many people disregarding it but today the table has turned for good. However, what I see from the growth of the blockchain space which led to the advent of cryptocurrencies is that any new technology should be embraced because no technology which was created ever failed humanity.

Today we have blockchain technology whereby many platforms have been brought to limelight in this case leading to the advent of many possibilities like smart contracts, decentralized applications etc.

Talking about what blockchain brought to humanity, the idea can be used to create a new system or can be implemented on an existing system or industry and one of such platform which aims to leverage blockchain on an existing industry is known as Digital Gold.

DIGITAL GOLD AND WHAT IT'S ALL ABOUT

Every platform created in this blockchain space has an aim, and when worked with, will lead to the growth as well as the long term sustainability of that platform in question; with this in mind, Digital Gold is based on blockchain with the aim of encouraging and setting the path to digitalization of financial markets as well as all that pertains it to thus make investing easier and convenient and in a bid to ensure this, led the team behind Digital Gold to make the buying of physical gold possible through the aid of blockchain technology.

In addition, just like many blockchain platforms are based on different blockchains like TRON, EOS etc, Digital Gold is based on Ethereum blockchain thus having an ERC-20 based GOLD token.

Another wonderful thing to know about Digital Gold is that it believes in offering something which will benefit users as well as different entities such as the gold and blockchain space. By making this possible, Digital Gold succeeds in making users leverage its platform while buying FINE gold which is proposed to be equal to 99.99% GOLD token; this FINE gold is stored in the Digital Gold vaults thus removing any unwarranted procedures or paperwork.

Digital Gold And Blockchain

Just like blockchain matters in every blockchain-based platform, same is with Digital Gold, now the question is, what relevance is blockchain to Digital Gold?

Blockchain matters a lot to the Digital Gold platform as it will help in instant and low-cost transactions taking place via the Ethereum blockchain. Also, with blockchain, there will be immutability for all confirmed transactions on Digital Gold platform, overall network security as well as protection from cyber-attacks. Other possibilities with blockchain are absolute market transparency, support for all ERC-20 wallets, and support for trading the GOLD token on crypto exchanges.

Why Digital Gold Stands Out

There are various features etc which makes Digital Gold stands out and one of them is that unlike other platforms, Digital Gold had no crowdfunding that is to say all operations are self-funded, whereby any purchasing of GOLD token leads to an instant smart contract-based purchase of physical gold.

In the same way, since Digital Gold has its vault of gold, it tends to become a liquidity supplier where users can utilize its marketplace to initiate various transactions they want with no further fees aside from the prescribed yearly service fee and the gas used on Ethereum blockchain.

Also, since one of the things offered by blockchain is privacy, Digital Gold will respect such as users buys, sell etc.

Furthermore, the Digital Gold token is built to make physical gold more than a means to wealth storage but also a payment method for various transactions.

CONCLUSION

Digital Gold is more than just a blockchain platform, it is a platform aiming to bring the benefits of physical gold to the blockchain space thus setting a path where blockchain will be adopted on a global scale. Digital Gold is already built and functional while the team is working hard to ensure their goals and objectives are met.

FOR MORE INFORMATION

Twitter: https://twitter.com/gold_erc20

Telegram: https://t.me/digitalgoldcoin

Medium: https://medium.com/@digitalgoldcoin

ANN: https://bitcointalk.org/index.php?topic=5161544

Website: https://gold.storage/

Whitepaper: https://gold.storage/wp.pdf

Author's Bitcointalk Username: Flezy

Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485