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What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange.

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DigixDAO Coin is predominantly developed in a fashion so as to accommodate some of the most precious physical assets within the Blockchain’s security.

Understanding the potential of the DigixDAO Coin and buying it through Blockonix.

Intro

Cryptocurrency space along with Bitcoin has made advanced development as the community members are looking forward to further improve its efficiency as well as usability. The inefficiencies in various cryptocurrency coins have led to a number of problems with its network security and therefore effective alternatives were initiated throughout the world. Not just the cryptocurrencies but also the other aspects of the financial domain were some of the main points of interest kept in mind by the cryptocurrency developers and effective solution was developed in the face of cryptocurrency with respect to each type. One such cryptocurrency available is the market is explained below. Let us read about DigixDao Coin and what is the best place to trade DGD Coin?

 

DigixDAO project

DigixDAO Coin is predominantly developed in a fashion so as to accommodate some of the most precious physical assets within the Blockchain’s security. The DigixDAO coin has developed a number of technologies in order to ensure security, traceability, along with the transparency of the crucial physical assets. Some of them are Digix gold coins, Proof of Asset protocol, the DigixDAO coins, etc all based on the Ethereum Blockchain. Basically, the cryptocurrency project has initiated resulted in 2 unique cryptocurrency coins developed,  DGX and DGD, based on their practical use case.

 

The DigixDAO Coin

The DGX is considered to the cryptocurrency counterpart of gold and ensures the value proposition by the community members based on the Ethereum Blockchain. Each DigixDAO coin represents an equivalent of 1% of the 99.99% LBMA gold standard which is safely deposited in the warehouses. DigixDAO is basically nothing but a Decentralised Autonomous Organisation, who are nothing but a decentralized group of people undertaking various fluctuations and making decisions with respect to the improvisation of the Digix Global community. It is to be kept in mind that the participants of this particular network receive rewards on making such decisions in the form of DigixDAO coin.

 

The DGD Tokens

The DGD Tokens are effectively distributed to the members of the decentralized autonomous organizations who are the backbone in order to make decisions for the development of the community. All the rewards within the Blockchain ecosystem must be received on a quarterly basis and not passively. There are currently 2 million DGD coins available in the market. The citizens must buy the digital coins in order to take part in the decisions of the decentralized autonomous organization. The crowdsale for this particular Blockchain project was initiated in March 2016 and was one of the first decentralized autonomous initiative taken at that particular time of the Ethereum blockchain.

 

Proof of Asset protocol

Also, the Proof of Asset protocol that the cryptocurrency project has developed, is one of the major breakthroughs in the Blockchain development research. The protocol makes sure that the physical gold is related with its proper owner and thereby safeguarding the ownership of a physical asset with its the distributed ledger technology and transparency. At each step of the protocol functioning, the cryptocurrency assets are updated by incorporating the interplanetary file system and the Ethereum blockchain.

 

Buy DigixDAO Coin on Blockonix

Most importantly the DigixDAO coin is now available on the best-decentralized cryptocurrency exchange, Blockonix. The Crypto exchange offers a variety of incentives to all of its customers. Some of them include a 0.3% transaction fee on trading by incorporating the native BDT tokens. also on the funds of a particular user on Blockonix is highly secured as there is 0% human intervention in the functioning of the cryptocurrency exchange. The security is inherently incorporated by the process of decentralization of the exchange itself.  The Blockonix community is highly determined to improve the acceptance and usability of the Blockchain platform without hindering other domains of interest.

 

Conclusion

The DigixDAO coin is highly promising and is one of the first major project based on the Ethereum Blockchain. By investing in DigixDAO coin the crypto enthusiasts can ensure a long-term stability in the cryptocurrency portfolio as the value is pegged to the value of gold. The DigixDAO coin project was so popular and among the investors throughout the world, that it managed to raise 5 million US Dollars in a duration of 12 hours itself. Investing in the DigixDAO coin through Blockonix is one of the safest forms of investment until and unless the decentralized organization is not the next target of the hackers.

#Blockchain

Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea

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HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.

 

HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.

 

According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.

 

HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange

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The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.

 

World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.

 

The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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