GOLD COIN: A GOLDEN TOKEN TAKING OVER THE WORLD
Over the last few years, the term cryptocurrency has rapidly gained visibility in the public eye. In today’s day and age, cryptocurrency is fast becoming essential to people who value privacy, and for whom the idea of using cryptography to control the creation and distribution of money does not sound too far-fetched. With the event of the global pandemic (Coronavirus), cryptocurrency is starting to gain a reputation as a safe haven investment, much like gold and other metals which is why investors should diversify their investment portfolio strongly into it.
Without further ado, I will like to introduce you to GOLD COIN (GLC).
GoldCoin GLC is a peer to peer cryptocurrency which was created by an anonymous person in 2013. Goldcoin like Bitcoin has no single company or individual owner. It is decentralized and open source and belongs to the world. Since its creation, several cryptocurrency enthusiasts and programmers who believe in promoting economic freedom have got involved in its development. Thanks to these principles and a focus on game-changing usability features, like two-minute confirmation speeds and instant 0-Conf transactions, GoldCoin is fundamentally changing how cryptocurrency and economies operate.
GoldCoin capitalizes on the lessons taught by other cryptocurrencies, and it’s likely to inspire new developments in the days and years to come. What really makes it stand out, however, is its feature-focused development cycle. GoldCoin leverages the power of on-chain scaling and large 2MB blocks to grow with demand without straying from Satoshi Nakamoto’s innovative vision. As a multi-pool resistant value store that retargets difficulty in each block. It’s a proven system where awards are based on math alone. Thanks to its SegWit-free design, the ledger is truly verifiable and safe. Even better, it’s powered by an innovative 51 percent defense algorithm and devoted community working together.
Our mission is to create a physical gold replacement by completing the vision of Satoshi and establishing the ultimate digital commodity. Our 51% attack defense and Golden River difficulty algorithm give us the strongest most robust blockchain in all of cryptocurrency.
While our competitors are focused on micro transactions and payments, our focus is on enhancing the value-storage side of the equation. We have built a practical physical gold replacement that can be used by everyone today as a digital commodity. Goldcoin truly is the gold standard of digital currency, a safe haven for value in a turbulent world.
Features of Goldcoin GLC
The Goldcoin blockchain runs on the proof of work (POW) consensus which is an algorithm used by the most popular cryptocurrency networks like Bitcoin and Litecoin Till today GLC has gone through several advancements in technology since then which are far more advanced than Bitcoin such as:
- 2 Min block interval (Bitcoin has 10 min block interval)
- 32 MB block size (Bitcoin has 2 MB block size)
- On-chain scaling
- Network capacity is 1120 TPS (transactions per second) Bitcoin is 7 TPS
- Instant transactions
- 51% Defense System https://www.goldcoinweb.com/cherry-services/51-defense-system/ Meaning of 51% attack: https://www.investopedia.com/terms/1/51-attack.asp
Where to Buy
Goldcoin can be bought and traded on the following exchanges. It has to be exchanged with Bitcoin or Ethereum on the exchanges given below. (More exchanges will be added in the coming months and buying and selling will be much easier then).
- https://www.trygoldcoin.com/ for US residents only can be bought directly from this website.
The Problems with Cryptocurrencies
The current problems with cryptocurrencies by saying that there are just too many of them. Through his research into all cryptocurrencies, he quiets the rumors and quickly names his top three pics for crypto investment. Those are BTC, ETH, and GLC.
His top 11 list outlines why GLC remains a top crypto investment option:
- Authenticity Verification
- Difficult to Counterfeit
- Widespread Use
Gold has long been the answer for anyone looking to reduce the risk of fiat money investments. It is a true barometer of market conditions both for the casual consumer and for Speculators. Gold is being funneled into sinks that address a small population of the worlds wealthiest nations and persons. GoldCoin helps to reduce the impact of Fiat-related manipulation of the world’s resources away from the rich by creating a system where they have little impact on the outcome of the investment.
GOLDCOIN (GLC) Moves to GOLDCOIN.ORG: And Is Ready To Meet The Needs of Smart Traders
Crypto-currency For traders Pays Eur80,000 To Rival Bitcoin, Litecoin and Ethereal
The move places GOLDCOIN (GLC), one of the most successful Alt-Coins, in the same league with Bitcoin, Litecoin, Ethereum, Dash, IOTA, Bitcoin Cash — at the top of the ladder.
GOLDCOIN (GLC) paid EUR80,000 for the domain name, which gives it a deserved place in the sun. GOLDCOIN (GLC) has become the surest store of value, like gold, because it has followed the original plan of Satoshi Nakamoto in creating a powerful blockchain-based network, scaled organically, and with custom security and mining controls that are unrivalled in the industry.
And GOLDCOIN (GLC) recently added three new experienced developers in its continuing effort to keep its network the best in the sector.
GOLDCOIN will soon attract myriads of users from other cryptocurrencies, because it’s better-performing: In speed, in reliability, and in security. The GOLDCOIN (GLC) network is 10 times as powerful as that of Bitcoin, with block times of 2 minutes versus Bitcoin’s 20 minutes. Mining is carefully managed, and security is assured by the proprietary Golden River algorithm, invented by renowned GOLDCOIN (GLC) developer Amir Esemplanah.
GOLDCOIN (GLC) price jumps 113% to $0.36 — on Heavy Bittrex.com Trading Volume
Traders are moving heavily into cryptocurrencies, but they choose GOLDCOIN (GLC) because it is ‘hard money,‘ following the path laid out by Satoshi Nakamoto when he invented the cryptocurrency concept in his original Bitcoin white paper of 2008.
“We are the only cryptocurrency to have preserved Nakamoto’s original plan for scaling the coin’s network, we’ve made the network 10 times faster than the current Bitcoin network, and we confirm transactions much more rapidly,” explains Greg Matthews, GOLDCOIN (GLC) System Administrator. “This is why traders prefer us over other cryptocurrency choices.“
GOLDCOIN (GLC) was a clear choice for traders because of the high quality of its offer — this is why Bittrex had to shut down trading in it. GOLDCOIN (GLC) had, in fact, risen steadily in price over the past few years before the vast increase of interest in cryptocurrencies.
Block Retargets and Rewards
To achieve stability and low latency, the GoldCoin network tries to produce one block every two minutes. In order to maintain consistent block intervals, the difficulty must adapt, or retarget.
Since the introduction of Golden River, these retargets occur with each block. Below is a list of historical retarget times and block times, as well as historical block reward information.
- 2 — minute block targets thereafter
- (¹³) https://wiki.bitcoin.com/w/Target
- (¹⁴) https://www.goldcoin.org/block-rewards/
- 504 blocks per difficulty retarget up to block 44,999
- 60 blocks per difficulty retarget up to block 248,000
- 2.5-minute block targets up till block 44,
Difficulty retargets each block thereafter
- Blocks 1–200 = 10,000 GLC
- Blocks 201–2,200 = 1,000 GLC
- Blocks 2,201–44,999 = 500 GLC
(The values below are post-fork in development/dispute values)
- Block 45,000 reward drops to 45 GLC
- Block 372,000 reward drops to 4 GLC
The reward is then reduced each year using the following formula:
50 divided by (1.1 + 0.49*every year thereafter)
- Total Blocks: 21,441,000
- Total Premine: Zero (not premined)
- Total Coins: 72,245,700
The block reward ends in the year 2100, approximately. The transaction fees will support miners thereafter.
Inflation Rate and Comparisons
GoldCoin’s inflation rate ensures that the market will not become saturated with newly mined coins and that coin distribution will be balanced across future generations. More than 80 percent of all bitcoins have been mined, while only 50 percent of all goldcoins have been mined.
GoldCoin’s inflation rate is slow and consistent as compared to others:
The Goldcoin Community is dedicated to building the most secure and valuable currency ever in existence. It’s “Hard Money” for the New Digital World
[Ticker Symbol Change]
in February, the Goldcoin ticker will change from ‘GLD’ to ‘GLC’ across all exchanges. This includes Bittrex, Altilly, and Trade Satoshi. The Goldcoin unit of account will be updated to GLC during our next software release.
TOGA Internet Solutions will be updating the GUI of its popular iOS app with all New Graphics for 2019! Goldcoin is one of a select group of cryptocurrencies that has been approved for placement in the App Store.
4TH QUARTER 2019
Top Tier Exchange Listing
After a full year of extensive fundraising, the Goldcoin Team, along with the backing of the Goldcoin Foundation, will help sponsor a Top tier Exchange listing to be decided by community vote.
NOVEMBER 11, 2019
Network Update (Hardfork)
The Goldcoin developers will be releasing an updated version of the Goldcoin Core client software. Along with other enhancements, this update will increase the Goldcoin network capacity from 70 transactions per second to 1,120 transactions per second.
1ST QUARTER 2021
Block DX Decentralized Exchange
Goldcoin will join the DeFi revolution with a listing on its first decentralized exchange. This will allow our community to safely and securely trade Goldcoin from their own desktops while maintaining custody of their own private keys.
2020 World Conference Tour Schedule
The Goldcoin (GLC) Team will be attending several International conferences during the year. Please visit this page regularly to stay current with our latest schedule.
MAY 11–13, 2020
- Event: Consensus 202
- Location: New York, NY
- Team Reps: Greg Matthews — Crystal Starre
Consensus is the annual gathering of the cryptocurrency and blockchain technology world. Since 2015, Consensus has attracted every major company, developer, founder and investor in the cryptocurrency and blockchain world to engage in an annual discussion about the future of the industry.
Are you ready for the Gold Standard of digital currency?
Goldcoin is being made into a high value platform intended to be a lasting foundation for the world’s financial systems, don’t get left behind.
Goldcoin is Free Software and any person or developer can contribute to the project. The network is completely decentralized and distributed. The project is maintained by an International community of dedicated pioneers.
Learn more about the project:
- Website: http://goldcoinweb.com/
- GoldCoin (GLC) Thread: https://bitcointalk.org/index.php?topic=317568
- Facebook: https://www.facebook.com/groups/goldcointalk/
- Telegram: https://t.me/goldcointalk
- Twitter: https://twitter.com/goldcoin
- Linkedin: https://www.linkedin.com/company-beta/11217933/
- Discord: https://discord.me/goldcoin
- Miningpool: https://miningpoolstats.stream/goldcoin
- Reddit: https://www.reddit.com/r/goldcoin/
- Whitepaper: https://github.com/goldcoin/wiki/wiki/GoldCoin-Whitepaper
Forum Username: taiwoplatinum
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2562542
Telegram Username: @ taiwoplatinum