Goldcoin price today, GLC to USD live price, marketcap and chart | CoinMarketCap (2024)

Goldcoin (GLC) is a peer-to-peer cryptocurrency launched on BCT on May 15, 2013.

Goldcoin is an open-source cash payment system that scales on-chain without the need for L2 solutions. It enables instant payments to anyone, anywhere in the world, and can been sent with or without a transaction fee.

Goldcoin operates with no central authority: managing transactions and issuing money are carried out collectively by the network.

Goldcoin (GLC) can be bought and traded on the following exchanges:

• https://latoken.com/exchange/GLC-USDT
• https://www.southxchange.com/Market/Book/GLC/BTC
• https://freiexchange.com/market/GLC/BTC

Goldcoin (GLC) can stored on a Desktop wallet, Android device, or paper wallet. Developers interested in contributing the project can join our Discord: https://discord.me/goldcoin

Goldcoin, identified by its ticker GLC, is a digital currency that was introduced to the public on May 15, 2013. It distinguishes itself as a peer-to-peer cryptocurrency, aiming to offer a digital alternative to traditional cash payment systems. This cryptocurrency is designed to facilitate instant payments globally, allowing users to send and receive funds with the option of incurring no transaction fees.

One of the core attributes of Goldcoin is its commitment to security and performance. It incorporates an innovative defense mechanism against 51% attacks, a common vulnerability in blockchain networks, ensuring the integrity and safety of transactions. Goldcoin's infrastructure is built on a proof of work (POW) algorithm, similar to that used by other well-known cryptocurrencies, but it stands out by scaling on-chain without the necessity for Layer 2 (L2) solutions. This approach enables the network to handle transactions directly on the blockchain, maintaining simplicity and efficiency.

The Goldcoin blockchain boasts impressive technical specifications, including 2-minute block intervals and a 32 MB block size, which contribute to its capacity to support 1,120 transactions per second. This high throughput, combined with full support for 0-confirmation transactions, facilitates instant transactions, enhancing the user experience. Moreover, Goldcoin operates without Segregated Witness (SegWit), a decision that aligns with its philosophy of on-chain scaling and simplicity.

For those interested in acquiring GLC, it is accessible on various exchanges and can be stored in multiple wallet formats, including desktop wallets, Android devices, and paper wallets. The project encourages open-source development, inviting developers to contribute through its repositories on GitHub and to join the community on Discord for collaboration.

In summary, Goldcoin represents a digital currency solution that prioritizes fast, secure, and accessible transactions worldwide, backed by a robust technical framework and a community-driven development approach. It's important for potential users and investors to conduct thorough research and consider the project's attributes and the broader cryptocurrency landscape before engaging with GLC or any digital asset.

Goldcoin (GLC) employs multiple layers of security to safeguard its network and users' assets. At its core, Goldcoin is powered by a proof of work (POW) algorithm, similar to that used by other well-known cryptocurrencies. This consensus mechanism requires miners to solve complex mathematical problems, thereby securing the network and validating transactions.

A standout feature of Goldcoin's security measures is its innovative 51% Attack Defense System. This system is designed to protect the network against potential attacks where an individual or group could try to control more than 50% of the network's mining power. Such control could allow them to manipulate transaction verifications and double-spend coins. Goldcoin's defense system mitigates this risk, ensuring the integrity and reliability of transactions.

In addition to its robust network security, Goldcoin supports the use of hardware wallets. These physical devices offer an extra layer of security for users by storing their private keys offline, making it nearly impossible for hackers to access their funds through internet-based attacks.

Goldcoin also incorporates unique physical security features for its associated gold storage, including microprinting, holograms, and unique engravings on its coins. These features help prevent counterfeiting and fraud, ensuring the authenticity and safety of the physical gold that backs the cryptocurrency.

Furthermore, Goldcoin has established a program to verify the authenticity of its gold bars, adding another layer of security for investors and users. This comprehensive approach to security, combining digital and physical safeguards, highlights Goldcoin's commitment to providing a secure and reliable cryptocurrency.

It's crucial for potential investors and users to conduct thorough research and understand the security measures of any cryptocurrency before investing.

Goldcoin, as a digital currency, offers a multifaceted approach to its utilization, catering to both individual and commercial needs. Primarily, it serves as a secure store of value, allowing users to preserve wealth in a digital format that is resistant to censorship and external manipulation. This aspect is particularly appealing in volatile economic climates, where traditional assets might not offer the same level of security.

Moreover, Goldcoin doubles as an efficient cash payment system. Its compatibility with Android devices ensures that it is accessible to a broad user base, facilitating instant payments globally without the necessity for transaction fees. This feature is instrumental in promoting its adoption for daily transactions, making it a viable alternative to conventional payment methods.

The technical infrastructure of Goldcoin, highlighted by its proof of work (POW) consensus mechanism, ensures a high level of performance and safety. Features such as 2-minute block intervals, a 32 MB block size, and a capacity for 1,120 transactions per second underscore its capability to handle a high volume of transactions efficiently. Additionally, the implementation of a 51% Attack Defense System further solidifies its security framework, protecting against common vulnerabilities faced by digital currencies.

Goldcoin's open-source nature and the absence of a central authority in its operation democratize financial transactions. It empowers users by giving them full control over their financial activities, free from oversight by traditional financial institutions. This aspect is particularly appealing to those seeking an alternative financial system that offers transparency, security, and independence.

For those interested in acquiring Goldcoin, it is available on various exchanges, and can be stored on desktop wallets, Android devices, or paper wallets, offering flexibility in terms of access and storage.

In conclusion, Goldcoin's utility spans across being a secure store of value, a medium of exchange, and a platform for instant, fee-less transactions. Its robust technical features and open-source framework make it a noteworthy participant in the digital currency space. However, as with any investment in cryptocurrencies, it is crucial to conduct thorough research to understand the risks and benefits associated with its adoption.

Goldcoin, a peer-to-peer cryptocurrency, has experienced several pivotal moments since its inception on May 15, 2013. Notably recognized for its launch as the first Digital Gold, it has made significant strides in the crypto space. Among its key developments is its compatibility with Android devices, enhancing accessibility for users. Additionally, its presence on various trading platforms has expanded its reach within the cryptocurrency community.

A hallmark of Goldcoin's technological advancement is its robust security features, including a 51% Attack Defense System. This feature underscores its commitment to maintaining a secure network for its users. The cryptocurrency is also distinguished by its open-source cash payment system, which facilitates instant transactions globally, with the option of zero transaction fees. This system operates without a central authority, relying on the collective management of transactions and money issuance by the network.

The Goldcoin blockchain is powered by a proof of work (POW) algorithm, similar to other well-known cryptocurrencies. It boasts impressive network features such as 2-minute block intervals, a 32 MB block size, and full 0-Conf support, enabling on-chain scaling without the need for Layer 2 solutions. Furthermore, its network is capable of handling 1,120 transactions per second, offering instant transactions and the possibility of free transactions to its users.

Goldcoin's journey has also been marked by its listing on several exchanges, providing users with various platforms for buying and trading. The community's involvement is evident through active participation on GitHub, where developers can contribute to the project. For those interested in joining the development efforts, resources and discussions are available on platforms like Discord.

It's essential for anyone considering investing in cryptocurrencies to conduct thorough research. The dynamic nature of the crypto market requires individuals to stay informed about the latest developments and trends.