GODcoin has the edge in security, because unlike other cryptocurrencies, it is backed by Gold and Silver, which will ensure stability. This carries additional incentives, such as lower fees, faster transaction times, and energy efficiency.
Cryptocurrencies such as Bitcoin have been successful examples in creating a distributed network that users could trust, and many of these currencies have experienced a tremendous increase in value, regardless of having no backing. It has marked a significant beginning to the digital currency world that users can trust, becoming what many have called digital gold!
However, the market for Bitcoin is still volatile, leaving consumers susceptible to absurd fluctuations in its value. GODcoin will solve this issue by being backed by physical assets. Because these assets cannot be fabricated out of thin air, GODcoin will allow us to maintain a stable economy, while providing citizens with a currency that keeps pace with the latest technological advancements, all controlled as a fiat issued by Christ.
GODcoin will be simple, efficient, and secure because it will use a Proof-of-Stake (PoS) system of minting. By using Proof-of-Stake, the energy saving costs are enormous in comparison to the commonly used Proof-of-Work (PoW) consensus algorithm that Bitcoin and so many other cryptocurrencies rely on.
PoW requires complex computations to be carried out for blocks to be added to the network. In the beginning, there were no issues with this system, but as time went on, the average miner could no longer mine without paying more in energy costs. This has put Bitcoin mining under the control of large corporations with computer farms, which is not what Bitcoin was originally intended for. With growing demand for Bitcoin, the network hasbecome overloaded, resulting in much higher fees for transactions to be processed. However, PoS will prove to be far more effective because it will process transactions quickly
at a small fraction of the energy required.
The GODcoin blockchain will contain two virtual assets with the names of gold and silver. These virtual assets will be backed by physical gold and silver, ensuring a stable market, rather than a volatile market. The following sections will explain the more technical aspects of GODcoin, including the minting and transaction process that GODcoin will rely on.
www.godcoin.gold
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Can you explain how it is backed by Gold and Silver please
GODcoin will be the only digitally tradable currency backed by hard assets,
and will soon be issued as the currency of the New World Order. The Lord
has declared that the gold and silver are His, and in His New Kingdom, only
through obedience to Him will anyone be allowed to prosper. In Revelation
3:18, the Lord instructs you to buy gold from Him. He says this because very
soon there will be no other authorized currency in circulation, so everyone
will eventually have to accept it, just as they do with other forms of money
today. Those who wisely buy GODcoin early will amass greater wealth as
the value of the coin increases, however, those who do not take heed to His
instructions, will face significant financial hardship in the future.
Many predictions were made regarding the future coming of a New World
Currency, including this one from the cover of a 1988 edition of The Economist,
where it was strongly hinted that it was planned to arrive in 2018.
Once the Lord takes his throne the gold and silver backing and set worth will be instated.
Oh my GODcoin
That's a great phrase!
Really gold backed coin wow thats something new
Yes and no, we want to bring the world back to where it once started! A gold based currency! The FIAT money-system once started this way^^
But by backing it with GOLD and SILVER we can ensure it´s stability and bring it into the crypto market =)
Yes you are right but then again it will be centralised ,and all government will start regulating it
The governments of this world will soon fall. It is indeed centralized under Christ! He has returned in 2011 and will soon take over everything. HE instructed us to create GODcoin to fulfill
Revelation 3:18 "I counsel you to buy from Me gold refined by fire so that you may become rich, white garments so that you may be clothed and your shameful nakedness not exposed, and salve to anoint your eyes so that you may see."
So it is divinely backed too!
Oooooo thats supernatural kinda thing
God coin is not something new, there are existing coins claimed to be back by gold. There is also another coin claimed to be backed by US Dollar. As an investor we must make more research about before getting into. But in the case of God Coin, it is legit and truly promissing.
https://coinfrenzy.io/godcoin-ico-review/
Thank you for the link...
your very welcome
Yeah i have seen some more coins that say they are backed by gold or silver
What will be the exchAnge rate
If the coin is in crypto market you can check coinmarketcap.com
1 GODcoin will be worth 1 ounce of GOLD ;)
GODcoin is the future
This is different in that it will take over all others. It is biblical prophecy that we buy the gold from the Lord so that we may prosper and it will not be all the others. It will be his and this is literally his.
The time is now to invest
good information
This is awesome!!!
Nice coin like my post nitin kanojia
Gangsteem is not do profiteable resteem i give him 1 sbd and got only 0.23 sbd.