WGC’s Digital Gold Move in the UK: $BEST Is the Key to a New Era
The World Gold Council (WGC) is taking a bold step in the London gold market, and it could transform everything. They’ve introduced a new proposal for a digital token called Pooled Gold Interest (PGI). This token acts as a digital substitute for actual, physical gold bars stored in London’s vaults. For the first time, traders […]
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DigitalTangible has announced the formal launch of its crypto 2.0-powered, decentralized marketplace for gold and bitcoin traders. While existing services allow bitcoin users to buy gold with bitcoin, DigitalTangible offers a novel innovation for the market, using an underlying crypto 2.0 protocol that issues tokens representing physical gold and attaches them to bitcoin addresses, thereby allowing traders to seamlessly move between bitcoin and gold. Speaking to CoinDesk, DigitalTangible founder Taariq Lewis framed his service as one that will better cater to the needs of bitcoin's....
While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. The two contemporary safe havens during the times of economic crisis are the representatives of tradition and technology. While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. And seems it is truly a digital age, as proved by recent bitcoin high over gold. The world is increasingly turning to bitcoin as a safe haven. Nonetheless, the demand for gold invariably....
Bitcoin is not a gold standard as it is independent, without the intervention of any central bank or government agency. There has been a lot of comparison between bitcoin and gold in the recent times. Bitcoin has been compared to gold in many aspects. In fact, bitcoin is also called digital gold for a reason due to various similarities it shares with the yellow material. However, referring to bitcoin as a gold standard may not be relevant. The gold standard is a reference to the monetary system that was based on the value of gold. While most countries stopped following the gold standard....
The notion of Bitcoin as digital gold is as old as the decentralized crypto-currency itself. Even in original writings, Bitcoin creator(s) Satoshi Nakamoto wrote about how he intended to design a digital gold. For instance, the mining of Bitcoin – which entails computer processes – was intended to mimic the mining of gold. That there will only ever be 21 million bitcoins in existence, as well, is a design intended to mimic gold. Among the biggest inspirations for Bitcoin is Nick Szabo, the creator of the original bit gold. Nathaniel Popper wrote a book entitled Digital Gold about Bitcoin....
Bitcoin maximalists have always been known to refer to Bitcoin as digital gold. There are speculations that Bitcoin will overtake gold in the coming years as a preferred store of value. This seems to be the case with each bull market as Bitcoin outperformed gold by 10 times in 2020. Gold has always been a […]