Security and efficiency are two of the most important points for any transactions, especially in the virtual world. Have currencies with real gold value and the necessity for such factors could rise on a different level. Fortunately, hack protected cryptocurrency backed by precious metals are available on the blockchain. You just have to know about it and get some ideas on how could you have and use gold in a secured and efficient way.
The Efficiency and Security of Real Gold through the Blockchain
For starters, gold backed cryptocurrency is the fusion of real gold and blockchain into a single platform. Handled by a company like the Kinesis, they store real gold bullions in safe reserve for distribution. However, they won’t distribute the gold physically right away. Instead, they release cryptocurrencies that depend on its value on the grams of gold bullion in the reserve and let it flow through the blockchain.
As a result, investors and other users can have virtual coins with real gold counterparts. They can use it for regular transactions, opt to invest it for later claims, or claim the real gold immediately. You can know more on how they combined gold and th blockchain by checking out Kinesis Money
How Secured is the Virtual Gold on the Blockchain
It is already a common knowledge that the decentralized property of the blockchain helps in giving anonymity to its users. This means that you control your own crypto wallet, without having any risk of it being hacked.
The virtual gold is a hack protected cryptocurrency that you can keep and use on various transactions. Since it runs on the blockchain, you can be sure that you won’t suffer any uncontrolled losses because of hacking. Moreover, the blockchain records all the transactions, thus it will be easy to manage and control your virtual gold. This can let you easily notice if there’s something wrong with any transactions you’ll be engaging.
How efficient is the Merge of Gold and Blockchain
The fusion of blockchain and real gold could give precious metals a good chance on the market today. Since you’ll be using the blockchain for each transaction, you can have the assurance of it being easy to use. You can use it for different transactions like purchasing online products or opt to claim your real gold. Needless to say, that could be another great factor to complement a hack protected cryptocurrency.
Moreover, some companies also offer supplements that could help you gain more efficiency. Like in Kinesis, for instance, they plan to launch Kinesis Debit Card for you to use virtual gold on transactions that don’t accept cryptos. Click on Kinesis.money, and see here is how kinesis works.
So if you want to use gold and silver for your transactions, consider having virtual gold from reliable sources. This can let you have quality security and efficiency, which can let you experience better transactions.
You can also browse on Kinesis.money for more info about this brilliant cryptocurrency. You can also watch Tom Coughlin interiview, and see how the CEO of Kinesis explains the concept behind his gold-backed cryptos. Visit https://kinesis.money/en/guides/cryptocurrency-stablecoin-guide/