What is DigixDAO Crypto Currency?A brief description of DigixDAO.
Digix tokenizes gold on Ethereum. We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets.
Digix has created a range of technologies including The Proof of Asset Protocol (POA) and Digix Gold Tokens (DGX) on Ethereum.
The purpose of DigixDAO
Proof of Asset Protocol, Purchase gold bullion (in bulk before coining, or valued by weight) from LBMA refineries, Third party auditing, Every DGX = 1 Gram of gold, Purchase Gold quickly and efficiently. 99.99% Gold from LBMA approved Refiners. 0% Fractional Reserves.
Digix provides a use case for the tokenisation and documentation of physical assets through its
Proof of Asset (PoA)protocol. The PoA protocol utilises Ethereum and the InterPlanetary
Files System (IPFS) to track an asset through its chain of custody. This allows for the open and
public verification of an asset’s existence without a centralised database. Digix also offers an
API allowing other applications to be built on top of our asset tokenisation service
More information can be found in the DigixDAO whitepaper https://dgx.io/whitepaper.pdf
Other DigixDAO facts
- Trading symbol: DGD
- Governance: Centralized > Hierarchical
- Open source: Yes
- Product status: Fully working product
- Consensus method: Proof of Audit
- Emmission rate: Unknown
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: N/A
- Release date: 2016-11-05
Usefull DigixDAO links
- DigixDAO’s Website
- DigixDAO pricing data & fundamental DigixDAO information
- DigixDAO’s Website
- DigixDAO official blog
- DigixDAO’s Bitcointalk Forum
- DigixDAO’s Reddit Forum
- DigixDAO’s block explorer
- DigixDAO’s Alexa site stats
- DigixDAO’s official forum: Unfortunately we don’t have this data available.
- DigixDAO’s Github code repository:
- DigixDAO’s roadmap:
- DigixDAO’s team page: https://www.dgx.io/participate/
- DigixDAO’s whitepaper: https://dgx.io/whitepaper.pdf