Coinshares, Blockchain Launch DGLD Gold Token as a Bitcoin Sidechain
Adrian Zmudzinski's original article for cointelegraph.com reduced by 58%
A consortium of companies launched a gold-backed token with the DGLD ticker on a Bitcoin sidechain. Swiss financial news outlet AllNews reported on Oct. 15 that digital asset managers CoinShares and MKS, as well as wallet service provider Blockchain, announced the launch of the token.
Sustainability of gold meets Bitcoin's security. The project reportedly leverages the immutability of Bitcoin's blockchain, with each token being equivalent to a tenth of a troy ounce of gold. CoinShares president Danny Masters commented, highlighting the advantages of combining physical gold with Bitcoin's security.
"DGLD combines the stability of the world's most sustainable asset, gold, with the security of the most resilient network in the world, Bitcoin. You can now have the peace of mind that comes with physical gold held in a Swiss vault, with the same convenience as holding an ETF on gold, but not the same levels of middlemen." "With DGLD, we have created a new gold property format that allows you to digitally use physical gold stored in a vault 24/7. DGLD has the potential to profoundly change the way gold is used on a daily basis..
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.