Gold Struck on OpenLedger With Ethereum Based DigixDAO asset (DGD)

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Bitcoin Press Release: OpenLedger has added Ethereum based gold backed crypto-token DigixDAO asset (DGD), allowing users to trade DGD for Ethereum, Bitcoin and other digital assets on its decentralized trading platform.

April 28, 2016 – OpenLedger, the CCEDK owned transparent decentralized exchange now allows users to trade DigixDAO (DGD) assets on its platform. The DigixDAO cryptocurrency protocol is used for trading DigixGlobal’s gold backed digital tokens (DGX) on the Ethereum platform. Recently mentioned in Forbes, the event is one of the most significant recent developments in the cryptocurrency industry.

The gold backed digital token is a gold standard of cryptocurrency where the value of each DGX is hedged against a specific amount of real gold stored in the company’s reserve. The DGD asset allows the platform to operate like any other cryptocurrency platform, enabling the transaction of digital gold tokens over DigixDAO.

The digital gold asset created by DigixGlobal (DGX) is backed by actual gold, and is currently available for purchase with Ethereum only. All sales are registered as Ethereum smart contracts, recording the value, transactions and other information on the Ethereum blockchain.

The DigixDAO (DGD) assets are similar to shares and are held by members who have

Read more ... source: TheBitcoinNews

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