Digital currency - e commerce, Other Subject


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
DIGITAL CURRENCY Electronic money (also known as electronic cash, e-money, electronic currency, digital cash digital money or digital currency) refers to scrip or money which i

Question 1: (a) The practice of Counseling is referred to as a "Western Creation". Determine intersections of compatibility and/or incompatibility by comparing and contrastin

Project Name : Portal -Engine Business Unit, Role : Team Management. Estimation and Plan. Involved in Requirement Gathering, System Architecture & Design. Presentation & Docum

What inspired Galileo to improve the telescope

Watershed Protection Division (WPD): The Watershed Protection Division (WPD) conserves the soil and water resources of the District and protects its watersheds from nonpoint sourc

EAI Project: Project Name : EAI Project Role : Leading and Managing the team. Understanding of existing EAI Architecture implemented. Requirement Gathering. System Study

brief explanation of factors effecting differential scanning calorimeter

INTERNET ADVANTAGE There many advantages to using the internet such as: Email:- Email is now a crucial communication tools in business. It is as well excellent f

The liver is a large organ that plays a central role in digestion. All blood carrying nutrients from the digestive tract is channeled through the hepatic portal vein to the liver,

QUESTION 1 (a) Using appropriate examples, explain Kantian ethics and critically discuss its applicability in business decision making (b) Assess five initiatives that can b