Goldcoin priceGLC

Goldcoin is a decentralized open-source cryptocurrency that utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithm. The developers created the platform to build a decentralized and secure platform for users to transact online with ease. Goldcoin’s PoW algorithm utilizes the SHA-256 hashing algorithm to secure its blockchain while the PoS algorithm enables verified users to stake their holdings to earn rewards. This rewarded staking system encourages users to hold for long-term usage rather than simply trading, creating less volatility. The platform aims to provide users with low transaction costs and speedy transactions. Unlike traditional bank transfers, transactions on the Goldcoin network take only a matter of minutes to complete, regardless of the user's geographic location. Another notable feature of Goldcoin is its use of Segregated Witness (SegWit). This technology increases the available block size while minimizing transaction costs, thus making transactions quicker and cheaper on the platform. The Goldcoin network is also built with scalability in mind, enabling expansion to support more users and increase transaction capacity further. In summary, Goldcoin provides users with a secure, decentralized, and low-cost means of transacting online through its hybrid PoW/PoS consensus algorithm, SegWit technology, and scalability feature.