Introduction
Many of the world's central banks hold reserves of gold, foreign exchange, or other assets as backing the national currency. This means that central banks need valuable assets to support their money.
The price of gold has been rising steadily over the past nine weeks due to a wave of instability in the world economy and concerns about the severe and lasting effects of the Corona crisis on the world economy. But analysts believe that the possibility of rising inflation following the injection of billions of dollars into the world economy will be an important factor in the growth of gold prices.
However, with the global inflation caused by coronavirus, it is observed that central banks are collecting and storing more gold reserves day by day to increase confidence.
This action of the world banks has caused the price of this precious metal to go higher and higher day by day.
As the price of gold rises, so do the real value of monetary assets. This has caused a lot of people to try. To turn their assets into gold.
Although ordinary people try to turn their possessions into gold. But there are some real problems. The first problem is that maintaining the security of physical gold is not an easy task.
The next point is that in many countries, heavy taxes are imposed on the purchase and sale of gold. So you have to look for other solutions. there are some companies that worked on this problem, like digital gold. they are use blockchain to solve security problem and also Fee of transactions. also, government officials and tax officials will have no access to your account. They use blockchain. i will describe you what is the blockchain and also what is the GOLD blockchain.
blockchain
We use an intermediary such as a bank to make a financial transaction. But blockchain allows buyers and sellers (senders and recipients of virtual money) to communicate directly with each other and eliminate the need for a third party as an intermediary. This form of transaction is called "peer to peer".
Blockchain uses encryption to secure exchanges and even buy and sell digital currency. Unlike banking systems, which operate in a so-called centralized position, the data centers in which blockchains are located are completely decentralized and spread all over the world. Blockchains are called "distributed general ledgers". This general ledger is available to all members of the network in detail, and even accounts, books are available to all in a transparent manner. This network is actually a chain of computers that verify the correctness of the transactions made between you and the other party and after confirmation, add it to the blockchain.
Each block in the blockchain consists of digital pieces of information that consist of three sections:
1) Information about your transactions: for example, the date, time and amount of your last bitcoin purchase.
2) Information of the participants in the transactions: Using a digital signature instead of your real name, your purchase will be recorded without any identification information using a unique "digital signature".
3) Each block has different information from the other blocks: Just as each of us has a fingerprint to distinguish us from each other, each block stores a unique code called a hash that allows us to Let's distinguish it from any other block. In this way, the blocks related to two transactions with the same details are separable due to their unique codes.
Blockchain technology and its applications are unparalleled and can be used in almost anything that can be traded, including the transfer of money, goods or real estate. Blockchain is the biggest barrier for fraudsters, because every transaction is recorded in the general ledger with all its details, and all parties to the transaction can access these details.
Who is blockchain available for?
Anyone with access to the Internet anywhere in the world can use it in their transactions.
However, many studies have shown an increase in the use of this technology in the next decade, interest in the field of blockchain is growing in the world, offering blockchain university courses, holding various conferences and seminars in this field, the use of banks and financial institutions , Insurance companies and technology companies use it as a tool to reduce costs, reduce system errors and increase the quality of their services. When you have a copy or updated version of the blockchain with every computer that connects to the blockchain network, thousands or millions of bitcoin copies of the same blockchain are available to users and somehow the contents of the blockchain are visible to everyone. This amount of blockchain information in a network of computers makes it more difficult to manipulate information, because a hacker needs to manipulate any version of blockchain in the network, which is almost impossible with all available versions.
On the other hand, if you look at the Bitcoin blockchain, you will see that it is practically impossible to identify users, because although the transactions registered in the blockchain are not completely anonymous, the users' personal information is limited to their digital signature or username. However, the question that arises here is how blockchain can ensure the security of users and trust it?
Gold Stable Coin Blockchain
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.
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