August 17th, 2016 at 11:27 pm UTC · 3 min read
World Gold Coin announces its inclusion into the well-known cryptocurrency exchange, C-CEX. The listing now allows cryptocurrency users to trade the new digital currency against Bitcoin and other altcoins.
Created by a well-known Hong Kong-based digital currency solutions company, World Gold Coin is already gaining prominence in South East Asia. The cryptocurrency, now listed alongside other well-known counterparts on C-CEX at a per unit value of 0.00005 BTC. The price is gradually picking up as more people are starting to invest in it.
World Gold Coin is considered as Bitcoin 3.0. The digital currency is based on both Proof of Stake (PoS) and Proof of Work (PoW) consensus protocols. Mining World Gold Coin is similar to the Bitcoin mining, except for the X11 PoW consensus protocol which doesn’t allow ASIC mining. The X11 PoW consensus protocol is similar to the one used by DarkCoin (now known as DASH).
The total number of PoW mined WGC is fixed at 8.88 billion coins over an estimated period of 10 years at a mining block reward of 1689.49 WGCs. The difficulty level of the mining protocol is monitored and adjusted by the Dark Gravity Well (DGW), a superior version of Kimoto Gravity Well in many cases.
A representative of World Gold Coin says,
“[DGW] uses multiple exponential moving averages and a simple moving average to smoothly adjust the difficulty. This implementation is far more simplistic and better suited to adjust difficulty than KGW and also fixes all known exploits.”
World Gold Coin includes various features which are far more superior that that of Bitcoin. Even though the new currency still has a long way to go to be on par with Bitcoin in terms of usage, the World Gold Coin network scores over the leading cryptocurrency when it comes to security and transaction speeds. The new cryptocurrency is ten times faster and more secure than Bitcoin. It includes 7 confirming levels, against Bitcoin’s five.
As the new open source digital currency’s trade picks up, the company has already made provisions for its expansion. WGC Global already has WGC ATMs ready for deployment alongside its cloud mining solutions.
About WGC Global
WGC Global is the creator of World Gold Coin. The Hong Kong-based company is a leading crypto-solutions provider in the market. WGC Global offers white labelled solutions to the cryptocurrency industry. Some of its solutions include blockchain based digital assets development, exchange platforms, cryptocurrency powered debit cards, customer cryptocurrency development and set up, APIs for customer digital assets, mobile apps and wallet services.
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