Digital currency - e commerce, Other Subject

DIGITAL CURRENCY

Digital gold currency (or DGC) is a type of electronic money based on ounces of gold. It is a sort of representative money, similar to a US paper gold certificate at the time (prior to 1933) that these were negotiable for gold on demand. The usual unit of account for such prevalence is the gold gram or the troy small amount, though other units for example the gold dinar are occasionally used. DGCs are backed by gold throughout allocated or unallocated gold storage.

Digital gold currencies are concerned by a numeral of companies, every of which offers a system that facilitates users to pay each one additional in units that clasp the similar value as gold bullion. These opposing providers matter independent currency, which usually carries the similar name as their company. In expressions of the most well-liked providers, e-gold has the maximum number of users and GoldMoney seize the maximum quantity of bullion (as of January 2007).

As of April 2008, DGC supplier detained in excess of 9.6 metric tonnes of gold as released reserves, which is worth just about $280 million, which is a 47% increase since January 2007.

Posted Date: 10/13/2012 3:06:46 AM | Location : United States







Related Discussions:- Digital currency - e commerce, Assignment Help, Ask Question on Digital currency - e commerce, Get Answer, Expert's Help, Digital currency - e commerce Discussions

Write discussion on Digital currency - e commerce
Your posts are moderated
Related Questions
Question 1 Explain the Conservative Reaction to the idea of Enlightenment Question 2 Explain Max Weber's early life Question 3 What is the difference between repressive

In developing our awareness of Indigenous Australians, including their historical perspectives, culture and lifestyles, it is important that we recognise and understand the develop


i need advice regarding content based image retrieval project for my mtech thesis

Mark ‘Snodgrass’ Chapman (Snodgrass) is leader of the Victorian chapter of the Grim Reapers Motorcycle Club, an outlaw motorcycle gang. The gang gets its money acting as a debt col

Question 1: a) Define and state any four major areas of industrial psychology. b) Fully explain the aims of industrial psychology. c) As an occupational safety and he

History of Political Ideas: Systematic political thinking goes back to very old philosophy. Because antiquity, scholars have reflected on political concepts, actors and institutio

WHY KATTAPA KILLED BAHUBALI?

Question 1 The field of environmental finance is a part of both environmental economics and the conservation movement which develops different financial instruments to protect

Population health is defined by health outcomes and the distribution of these outcomes in a group of people. It is a way of approaching health with the idea of developing it in the