Digital currency - e commerce, Other Subject

Assignment Help:

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.


Related Discussions:- Digital currency - e commerce

Explain max weber''s early life, Question 1 Explain the Conservative React...

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

Basic principles of information security - risk management, Risk Manageme...

Risk Management Security is everyone's responsibility. Security awareness poster. U.S. Department of Commerce/Office of Security. A complete treatment of the topic of risk

Describe the models of managed care, The following chart is just one exampl...

The following chart is just one example of how money flows from the employer who purchases a health plan, to the providers: The employer pays the Health plan on a monthly basis.

Mental health nursing, 1. Analyse the impact of mental illness on the indiv...

1. Analyse the impact of mental illness on the individual, their families and communities. Enabling outcomes You should be able to: a. Discuss the theoretical underpinning

Coding and billing, A 4-year-old new patient presents for the removal os s...

A 4-year-old new patient presents for the removal os sutures made for an appendectomy 10 days earlier in another city. The physician conducts a brief history and examination prior

Functions of the automotive compound, Functions of the Automotive Compound ...

Functions of the Automotive Compound The compound is the distribution centre for cars/SUV/light trucks (generic term is Automotive-Product: AP). The APs destined for the Great

What are the different methods of opening a programme, Question 1: Elab...

Question 1: Elaborate on the different techniques required for the creation of a good television interview. Question 2: To what extent is radio still a powerful instrum

B2b e-commerce, What is B2B e-commerce? B2B e-commerce is just defined ...

What is B2B e-commerce? B2B e-commerce is just defined as e-commerce between companies. This is the kind of e-commerce that deals with dealings among and between businesses. Ab

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd