Turn Your BTC Into GOLD | GODcoin

 

GODcoin has the edge in security, because unlike other cryptocurrencies, it is backed by Gold and Silver, which will ensure stability. This carries additional incentives, such as lower fees, faster transaction times, and energy efficiency.

Cryptocurrencies such as Bitcoin have been successful examples in creating a distributed network that users could trust, and many of these currencies have experienced a tremendous increase in value, regardless of having no backing. It has marked a significant beginning to the digital currency world that users can trust, becoming what many have called digital gold!

However, the market for Bitcoin is still volatile, leaving consumers susceptible to absurd fluctuations in its value. GODcoin will solve this issue by being backed by physical assets. Because these assets cannot be fabricated out of thin air, GODcoin will allow us to maintain a stable economy, while providing citizens with a currency that keeps pace with the latest technological advancements, all controlled as a fiat issued by Christ. 

GODcoin will be simple, efficient, and secure because it will use a Proof-of-Stake (PoS) system of minting. By using Proof-of-Stake, the energy saving costs are enormous in comparison to the commonly used Proof-of-Work (PoW) consensus algorithm that Bitcoin and so many other cryptocurrencies rely on.

PoW requires complex computations to be carried out for blocks to be added to the network. In the beginning, there were no issues with this system, but as time went on, the average miner could no longer mine without paying more in energy costs. This has put Bitcoin mining under the control of large corporations with computer farms, which is not what Bitcoin was originally intended for. With growing demand for Bitcoin, the network hasbecome overloaded, resulting in much higher fees for transactions to be processed. However, PoS will prove to be far more effective because it will process transactions quickly
at a small fraction of the energy required.

The GODcoin blockchain will contain two virtual assets with the names of gold and silver. These virtual assets will be backed by physical gold and silver, ensuring a stable market, rather than a volatile market. The following sections will explain the more technical aspects of GODcoin, including the minting and transaction process that GODcoin will rely on.  

www.godcoin.gold