Gulden (NLG) was previously known as Guldencoin. Gulden (NLG) is a decentralised and open sourced cryptocurrency. Gulden was forked from Litecoin in the month of March, 2014. Gulden was founded on 8th of April, in the year 2014.
Gulden (NLG) is a digital currency. Gulden is focussed on the end user with optimum usability.
Gulden was created with an objective to serve as a national cryptocurrency of the Netherlands. Gulden has made its identity as another national currency for Netherlands. Gulden uses scrypt as the hashing algorithm and is pure Proof of Work. It is exactly same as Litecoin. The total intended supply of Gulden cryptocoin is higher than Litecoin’s. Gulden is expected to have a supply of around 1.68 million cryptocoins. The block time for Gulden is set at 150 seconds.
Gulden also uses Kimoto’s gravity well to adjust any difficulty in mining the coins. The difficulty of retargeting occurs every 576 blocks. The famous Subway franchisee in Leeuwarden, a town in Netherland, was the first place to accept Gulden. This marked the beginning of the tentative revolution in cryptocurrency in Netherlands.
The main objective of Gulden is to provide a fast and safe blockchain, which is decentralised. This decentralised blockchain would make sending or receiving payments easy. This transaction would be possible with as much little effort and least possible cost. There is no existence of any leader or central authority in Gulden (NLG). The user is fully responsible for management of her/his Gulden or money. This has its advantages and disadvantages but Gulden takes care of lowering and minimising the risks involved, as much as possible.
Gulden has a development fund. It can also be termed as pre-mine fund. This fund is also used for paying for the developments and other expenses of Gulden project. Expenses related to a project of this size is also huge. This Gulden development fund management is absolutely transparent in nature. Any user can monitor the funds. This fund will prove to be of a valuable assistance in marketing of this project when this project of Gulden reaches that stage. Gulden is a long-time project.
The concept of cryptocurrency is still not that well understood concept by people. It is also a high-risk investment for people. The present cryptocurrency market is not that friendly to new comers and they are exposed to a high risk of losing their money. Gulden is a cryptocurrency that has already overcome the above stated problems. Gulden is bringing an upgradation in blockchain with the name “POW2” and couple of upcoming exchanges for EUR/NLG exchange.
Gulden has proved to be a fast and reliable network for transaction. Gulden has very good application those are being improved regularly in usability, design and quality. Gulden has an active community for giving service to users into the world of decentralised cryptocurrency. Gulden is already an established national cryptocurrency in Netherlands.
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