The following article is penned by Michael Douranos, a Crypto Investor and deClouds’ Community Manager. You can reach him at https://twitter.com/MichailDouranos.
Gold & the Blockchain
DeCLOUDs Platform is a decentralized database that is open to all. There will be thousands of nodes running around the world simultaneously, forming a vast network of cloud nodes that will be very difficult to switch off. In fact, every single node will have to be destroyed in order to damage the network and that’s not easy at all! DeCLOUDs Network will function with tens of thousands of transactions, without any central management or supervision.
In deCLOUDs Platform every transaction is recorded and verified. If more participate in the network, the stronger it gets and safer it becomes. All transactions and records are published on the deCLOUDs blockchain and cannot be deleted. The participants of the Platform (Stakers) ensure that each transaction is valid and for that action they are rewarded with new deCLOUDs Tokens. DeCLOUDs Blockchain technology guarantee more secure transactions while dealing costs disappear.
By setting Gold transactions over deCLOUDs Blockchain the efficient transaction could fall to less than 1$! With dealing costs bellow a fraction of 0.01$. For the first time in economic history, Gold could be purchased by the majority of the people in the world and store it, exchange it, trade it, even use it to buy commodities like a cup of coffee!
The vision is to create digital Gold transactions. The result will reduce costs and make Gold more accessible to all. There are 2.5 Billion people on the planet that are unbanked and live in developing countries. These people would highly consider the possibility of storing Gold on their phone, laptop or pc and since internet is borderless they would have the ability to transfer value through deCLOUDs tokens without any central authority like Banks! Everyone would be able to buy commodities and pay with Gold. These applications and more will be enabled by implementing Gold on the deCLOUDs Blockchain and of course this will lead to additional demand.
Benefits of deCLOUDs Store of Value
Using Smart Contracts through deCLOUDs Platform, you will be able to keep you Gold savings locked down with maximum security without been afraid of losing them. Another benefit is that deCLOUDs Blockchain keeps investors individual details Confidential, every action is transparent whilst stabilizing the Gold market and Gold ownership growth!
Integrating the oldest and without expiration date, asset into the deCLOUDs Platform, Gold will reach its full potential and that’s the only way to achieve it. The combination of deCLOUDs cutting edge technology and the unchanged Gold value will create a massive change in the Monetary History of the World.