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
Hi, do u help with HYSYS assignment ?

Question 1 Describe Plato's concept of education Question 2 Critically Describe Locke's Social Contract Theory Question 3 Describe  Bentham's views on jurispru

Fundamental issues in spatial analysis: Spatial analysis confronts many fundamental issues in the definition of its objects of study, in the construction of the analytic operation

The pancreas secretes digestive enzymes into the duodenum, the first segment of the small intestine. These enzymes break down protein, fats, and carbohydrates. The pancreas also ma

Question 1 Write a long note on the audience of online media advertising and audience analysis (aspect of timing and aspect of time vs frequency) Question 2 Describe the vari

aims of education in present scenerio

Classification of Overtaking Situation And Manoeuvre Overtaking manoeuvre can be defined when an action happened, where a vehicle crossed the centerline towards the opposing d

describe the factors which decide the broad area of scientific activity?

SOLVE is an interactive educational programme designed by the ILO to assist in the development of policy and action to address psychosocial hazards or problems at workplaces. The

Requirement of Overtaking - Traffic Congestion Most roads and many streets are considered to qualify as two-lane, two way highways on which vehicle frequently slower moving