Based on Ethereum, DigixDAO is a Decentralized Autonomous Organization (DAO). It uses blockchain technology to digitally verify and track the existence and ownership of physical assets, like gold.
Each asset is assigned a DGD price token on the network. 1 token is worth 1 gram of gold. The existence of the DigixDAO price asset is verified using a 3-pronged audit process. Once verified, the asset can be trace back to the original asset, allowing it to be traced all the way to the original owner.
Thanks to the decentralized nature of blockchains, DigixDAO is able to do all of this without the need for a centralized database.
Source: The Merkle - 25 minutes ago
In the world of cryptocurrency, mining is an integral part of Bitcoin and most altcoins. Unfortunately, not everyone has the means to mine at home or partake in cloud mining. Relying on AWS-based mining was a worthwhile solution some time ago, but that concept has fallen out of favor as of right now. AWS Mining […]
Source: Bitcoinist - 40 minutes ago
A U.S. Federal Court recently indicted Gelfman Blueprint Inc. (GBI) and its CEO Nicholas Gelfman to the tune of $2.5 million for running a Bitcoin Ponzi scheme. The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission (CFTC). Court Levies $2.5 Million Against GBI and Gelfman According to a CFTC press release published on Thursday (October 18, 2018), the defendants – GBI and Gelfman, will pay about
Source: NEWSBTC - 1 hour ago
A Japanese consortium is to research the use of blockchain technology to determine the price of surplus electricity generated by photovoltaic power generation, and a new system capable of direct trading. Japan Unisys to Build Blockchain Platform to Facilitate Trading of Electricity A partnership between the University of Tokyo, IT company Japan Unisys, electric utility Kansai...
Source: The Merkle - 2 hours ago
It would appear there is still plenty of stablecoin action on the horizon in the cryptocurrency industry. More specifically, there has been an influx of such currencies over the past few months. Huobi Global is now planning to introduce its own stablecoin, although it is a bit different from what one would expect. The Huobi […]
Source: Live Bitcoin News - 2 hours ago
Crypto loans appear to be in high demand. This somewhat unusual business model is generating a lot of excitement. Genesis Capital has seen the number of loans issued through its platform increase significantly. Over $550m worth of cryptocurrency has changed hands over the past seven months. Genesis Capital is on the Right Track In March...
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