Agiara Inc USA, now introduce a gold backed crypto Coin, where the value of 1 coin is equal to 1 gram of Gold. In crypto terms we back this coin to 1 gram of gold. The crypto market is normally not related to assets such as gold and silver, but one of this AurumCoin is equal to 1 gram of gold.
We are launching AurumCoin as an AUR TRC20 token on the TRON network, similar to how Tether has issued its USDT-TRON token.
TRC20 is a technical token standard built on TRON's blockchain, meaning all transactions using AurumCoin will occur on the TRON network.
By leveraging TRON's infrastructure, we benefit from its high transaction speeds, low fees, and scalability until we introduce our own blockchain in the future. This ensures a fast, cost-effective, and reliable user experience for AurumCoin holders in the meantime.
A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.
You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to understand how each system works fully.
Bitcoin was the first cryptocurrency, first outlined in principle by Satoshi Nakamoto in a 2008 paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Nakamoto described the project as “an electronic payment system based on cryptographic proof instead of trust.”
That cryptographic proof comes in the form of transactions that are verified and recorded on a blockchain.
A blockchain is an open, distributed ledger that records transactions in code. In practice, it’s a little like a checkbook that’s distributed across countless computers around the world. Transactions are recorded in “blocks” that are then linked together on a “chain” of previous cryptocurrency transactions.
“Imagine a book where you write down everything you spend money on each day,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Each page is similar to a block, and the entire book, a group of pages, is a blockchain.”
With a blockchain, everyone who uses a cryptocurrency has their own copy of this book to create a unified transaction record. Each new transaction as it happens is logged, and every copy of the blockchain is updated simultaneously with the new information, keeping all records identical and accurate.
To prevent fraud, each transaction is checked using a validation technique, such as proof of work or proof of stake.
Free AI Website Creator