Advantages of using digital gold coin compared to other digital currencies

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Introduction

For many years, gold has been recognized as the most valuable asset to the people of the world, and there is still no substitute for gold. There are many reasons why gold has reached this level of value throughout history
Have you ever wondered why the entire world has been interested in gold since ancient times? Why do kings still go down in history as the modern-day economic and economic empires that have settled in the palaces of New York and Las Vegas, still accepting gold as an inviolable indicator? What is the end of this metal that other metals do not have? Why, for example, did iron, copper, zinc and tin not replace gold?
Why is gold valuable and acceptable to everyone? What is the reason for this value? To answer this question, it must be said that the valuable root of gold has two dimensions: nature, nature and cultural-historical, each of which is related to the properties of this metal. In the intrinsic dimension of the value of gold, it should be noted that people value what is useful.
Human utility is divided into two parts: practical usefulness and non-practical usefulness. Applied usefulness deals with the properties and role of gold in human life - for example, making artifacts or resistance to environmental factors - and non-practical usefulness deals with the attention of the human soul and its aesthetic sense to the gold metal.

In terms of practical usefulness, soft metal gold is very resistant to environmental factors and also non-toxic. These properties have led to its widespread application in human life from pharmacy to dentistry. The flexibility and softness of gold makes it possible to transform it into various shapes, even thin sheets, and cover objects with it.

Most acids and alkalis are inert to gold, and only a strong mixture of acids such as nitric acid and hydrochloric acid can dissolve gold. Climate, cold, heat, and the passage of time also affect the properties, shape, and resistance of gold so that gold is almost indecomposable. In this regard, pay attention to the vulnerability of iron to wind, rain and corrosion. But in the "Non-Practical Usefulness" section of gold, note that gold is a beautiful and shiny metal, and we do not find this shine in any other metal in nature.

The important point to consider here is that physical gold has a very high risk. That this risk should be reduced. Digital gold solves these problems, but how? In this post, we will answer this issue and compare it with other digital currencies.

Blockchain technology

Even if you do not know exactly what the term means, it is familiar to you. Because there is a lot of talk about blockchain. For example, some believe that with this technology, life will be better and easier and there will be no more news about today's banks. But the use of blockchain is not limited to banking and finance. Blockchain is a technology that prevents the monopoly and power of information concentration owners. We have been using databases for years to store and transfer information. Blockchain can also be considered as a type of database that is shared and is managed by a network of users (computers) around the world instead of a central unit. The information in this database is stored in a distributed manner and its validity is constantly checked by network computers, also called nodes, miners or peers. The main difference between blockchain and other types of databases, which has made it more and more popular, is that any data that enters this database can no longer be deleted or manipulated.

In blockchain technology, a concept called cryptocurrencies has been developed. Currencies have been born that do not belong to any country. Digital or cryptocurrencies are one of the most serious and basic applications of blockchain technology and have been very fast to affect the economy and various industries. Digital currencies are easy to trade and you can keep it in a digital wallet. There is no involvement and intermediation of banks in it and it seems that they are becoming more and more important. The blockchain platform is very secure and cannot be exploited, which is why many digital currencies have emerged today, including digital gold.

Digital Gold is a blockchain that will solve the security and also transaction speed.
The benefits of this blockchain are enormous. Some of them are listed below. Gold token, has real gold backing that is kept in a safe wallet. Each token is equivalent to one gram of gold with a grade of 99.99. this token has not any fee for transfering. also, This token prevents your assets as well as authentication issues when transferring gold. it means you can travel from point A to B around the world and all of you assets in your wallet. Token issuer company is a liquidity supplier enabling purchase and sale of large amount of tokens very close to market rates. it means that you can change all of your assets every time. In some countries you can not convert more than a certain amount of gold into money. so this token solve problem for you. You will not have to worry about money being created by central banks because the value of gold is always considered as a reference reserve. You can convert your assets into gold or your gold into cash in a fraction of a second.



Advantages of using digital gold

1- Stability

We see a lot of digital currencies in the digital currency market, such as Bitcoin or Atrium or other digital currencies, but these currencies fluctuate too much. Investing in Bitcoin and Atrium has its own risks. Because bitcoin is not a real asset.
But what do you think about gold? Definitely, anyone you ask will most likely consider gold a real asset. Because other assets get their value from gold. Even the dollar gets its value through gold.

2-Security

You may have seen many digital currencies attacked by hackers. But digital gold because it is made on the basis of the ETH network. It has a very high level of security.

3- Network's fee

You may have noticed that in 2017, the transaction cost of the Bitcoin network reached $ 50. But digital gold has a very low transaction cost, usually under $ 1, because it is based on ETH.

conclusion

Gold, a market whose main reason for growth can be attributed to economic tensions and investors' worries about the economic effects of the Corona, remains the most popular market for investment in the world. This market has fluctuated a lot in recent weeks due to people's hopes for the world economy and partly due to the news of the corona vaccine. Now it seems that another force has been created in the world economy that provided the ground for increasing the price of gold, and this force is the possibility of increasing inflation in the world and increasing inflation in industrialized countries due to the economic policies of governments. So people try to invest on gold. but the risk of Gold holding is very high. the fee of changing is high. identification and tax are other risks in gold trading, in this conditions people need a stable coin to both maintain the value of their assets and to be safe from the risks of keeping and trading of gold. Digital gold solves this problem easily. Just try once.

sourcess

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

White paper: https://gold.storage/wp.pdf

Telegram: https://t.me/digitalgoldcoin

BTT profile:  https://bitcointalk.org/index.php?action=profile;u=86074;sa=summary

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thanks for this article