GoldCoin (GLD) seeks to offer an alternative to established currencies such as bitcoin and litecoin. The investment in the GoldCoin.org domain promises many benefits to users. It uses the blockchain to offer security and transparency. The currency also offers faster transactions, as well as lower fees. One of the many indicators of reliability of the currency is the domain name. It took the promoters four years to get the domain name, which was bought for 80,000 EuR.
The notable feature of GoldCoin is that it can scale easily. It does not rely on forking from the blockchain, something that the bitcoin was compelled to do to scale up. Instead, the changes to the blockchain are introduced gradually, so that the need for forking is reduced. This ensures that many transactions can be conducted without the need for forking, which, according to the promoters of the currency, detracts from the original goals of the founder of bitcoin.
The transactions are many times faster than rival currencies. Also, the block time is just two minutes. Mining is easy. Also, there is particular focus on security. These advantages make the GoldCoin something that users would want to invest in. The transaction speeds are increased by faster confirmation processes.
Users can use the coins to pay for goods or buy goods. The currency is trading on major exchanges. Also, the recent addition of an app has enhanced the usability of the currency.
Many users perceive the GoldCoin to be less risky in terms of investment. The promoters are experts in fields such as finance. Also, there are experienced developers on the team, which looks after aspects such as security. Investors looking for safe places to invest in the cryptocurrency market would want to consider GoldCoin, given the carefully managed currency, high speeds of transaction, and security.
In an era when cryptocurrency is still new to many users and people are wary about the value of the currencies, GoldCoin offers the assurance of hard money. According to promoters, GoldCoin takes cryptocurrency to the levels envisioned by the founder of bitcoin. With its new technologies, high security, and distinctive mining process, GoldCoin is likely to impress many users. There are plenty of other reasons that users would want to invest in the GoldCoin.
Another factor to note is the recent surge in the value of the currency. Those who traded in this currency will therefore have something very valuable in their wallet.
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