GOLD TOKEN - The union of gold and cryptocurrency

Cryptocurrencies or bitcoin to be precise is regarded by many as ' The New Generation Gold ' with the idea to digitally replicate gold. More like an internet gold standard or allegedly a Gold 2.0. if consider the similarities between gold and Bitcoin, it's obvious that the Satochi Nakamoto (the creator of Bitcoin) has gold in mind with an idea to create a 21 century gold. This idea is made into reality by through the birth of the blockchain technology. Bitcoin, being the first blockchain has recently been outperforming the gold market following several economic factors but the role of gold in a portfolio is unargued. In this article I'm going to be running you through why bitcoin is the 21 century gold - Gold 2.0, the place of gold despite the market, digitalization of gold resulting the birth of the gold backed crypto called GOLD TOKEN

WHY BITCOIN IS GOLD 2.0
Bitcoin, powered by the blockchain technology is the major revolution of this generation being an embodied with more features of gold and even more. Bitcoin is known as Gold 2.0 because they have similar feature with gold and even more.
They include:
• Gold and bitcoin are both immune to inflation: In times of economic recession, government prints more paper money to counter the effect. This seems to be the easy way out but reduces the value not the currency as a consequence which means that the currency can now but less, this is called inflation. If you have your money saved in the bank, as government bonds or even in stocks, you get more power even without spending ba dime.
Gold has always been known to be immune to this problem and so does bitcoin as well as some other strong cryptocurrencies.

• Gold and bitcoin are both limited in circulation:
When the government needs money, the can easily go to federal reserve which prints money as needed. This is impossible for gold and bitcoin. With gold, the amount of gold is that can be minned is limited by the chemical composition not the earth. With bitcoin, it's rarity is due to the limitation of the source code that writes the programme - with only 21 million bitcoins to ever be released. It is important to note that about 18 million bitcoins have already been released makes the mining proceess even slower as it approaches it's limit.

• Gold and bitcoin are both minned
The mining proceses are quite different but still considered mining. With bitcoin, it involves solving complex mathematical equations for the release of bitcoin after they are being solved. Gold minning as we already know requires complex machinery for digging the earth crust bin search of this precious yellow metal.
These minning processes makes it difficult to flood the market with gold and bitcoin therefore retaining it's value

• Gold and bitcoin are both increase in value:
Local fait currencies has been seen severally to decrease in value which is unlike gold and bitcoin which is often negatively correlated with dollar. The rise of gold has had it win in history but bitcoin has recently been outperforming bitcoin. If you by chance have invested $100 in bitcoin in 2016, today's you will have $4,300.

• Gold and bitcoin are both safe havens in times of economic uncertainty:
The economy today is uncertain, with the recent circumstances such as the inflation, coronavirus vaccine and the likes . Wise investors have always have in the back of their mind that gold is a blessing in times like this when everyone rushes to buy gold. Along with gold it's value, it's price also spikes sky high!
In 2020, bitcoin is doing the same, with stocks falling, bitcoin is growing stronger going up and up.

• Gold and bitcoin are both viable:
It is widely known that paper can be forged but not gold and bitcoin. Although the purify of gold can be tampered with by mixing it with bless valuable metals t push up it's value. With the help of blockchain, bitcoin outperforms gold and money. Every transaction is recorded on a ledger called blocks which is accessible to thousands of users therefore, manipulation of data on the chain on from everyone is impossible. This makes bitcoin more legitimate.

WHY BITCOIN OUTPERFORMS GOLD
The major reason why bitcoin has been termed better than gold by many is the features of the blockchain technology which it leverage. These features include:
• Decentralization: Although gold still exhibit a degree of decentralization, bitcoin born of it. This entails no central authority, the transactions are mentianed nobody and everybody. This makes transaction extremely safe as no change can be made on the chain without the concent of the other users on the chain.
• Divisibility and Portability: A Bitcoin is made of a hundred million satochi and investors can buy as little as one satochi. And unlike gold, bitcoin doesn't have to be carried transported or stored in a vault, you can easily download an online wallet, purchase bitcoin and save it in the wallet. The portability and Divisibility of gold is what qualifies it to be spent as money
• Security: Transactions on the blockchain are verified by cryptography. Which make it extremely safe.

WHY GOLD IS STILL PREFERRED BY MANY
While bitcoin has been around for 11 years, gold has been around for thousands of years. It has experienced several economic rises and proven to be unshakeable, being the last man man standing when all hope seems lost for a portfolio. Gold has proven it self over the course of history while bitcoin is still new and it's future is still not certain despite it recent market performance. It's easier to trust what has proven itself.
Also the market cap of gold is way higher than that of bitcoin, over 9 trillion dollars while that of bitcoin is only 219 million dollars.

UNION OF GOLD AND BLOCKCHAIN
We have seen above the features of blockchain that made bitcoin the perfect asset and also that which makes gold unique. Now Imagine an asset that combines the features of cryptocurrency and gold. Therefore, I give to you GOLD TOKEN. Which is a cryptocurrency backed my 99.99% physical gold.

In recent years, gold is believed to be purchased by investors majorly in order to store the value of wealth. But the introduction of blockchain technology to the gold makes it possible for gold to tokenized and easily tradable. It can also be used as payment for various services.

Blockchain has also taken the worry of security of your gold while in store. With the help of cryptography which is a basic element of the blockchain technology, data entry and a new block creation fully authenticated. Also, because blockchain is a decentralized network, there is no Central authority and eveyone has an access to view the data hence, a data can not me manipulated without being caught.Therefore, the risk of hack of your digital gold coin is impossible. Security not your Gold Token is guaranteed.

The purchase, storage and exchange of gold is made convenient via the DIGITAL GOLD PLATFORM through the GOLD TOKEN, which is based on an Ethereum network and is compatible with the most popular cryptocurrency wallets that support Ethereum ERC20 standard tokens and also backed up by the stable features of physical Gold.
1 Gold Coin is equivalent 1 gram of 99.9% pure Gold. GOLD TOKEN allows you to fixate the value of your crypto assets.

GOLD COIN MARKETPLACE

To purchase GOLD TOKEN, click the link to the market below

https://gold.storage/market

CONCLUSION
Gold purchase has ever been easier.
Why not visit https://gold.storage/market to buy GOLD token now!

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