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Royal Mint Gold
Royal Mint Gold was a digital gold currency and a cryptocurrency backed by gold reserves in the UK Royal Mint. The Royal Mint began testing blockchain transactions in April 2017. The first test transaction was in August 2017. The rollout was originally scheduled to occur by the end of 2017. US-based CME Group (Chicago Mercantile Exchange) was tentatively set to administer the trading. At the time, ''The Daily Telegraph'' said it "appears somewhat similar to an exchange-traded fund such as ETF Securities Physical Gold". The project collapsed in 2018, when CME pulled out and the UK Royal Mint was hesitant to find a new partner. Implementation The blockchain used is the Prova open-source distributed ledger. A proof-of-stake algorithm demonstrates ownership of the physical gold. BitGo provided blockchain code. Backing gold The Royal Mint stated that "All gold is held within the highly secure storage facilities in The Royal Mint's vault and The Royal Mint acts solely as sub-cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Gold Currency
Digital gold currency (or DGC) is a form of electronic money (or digital currency) based on mass units of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand. The typical unit of account for such currency is linked to grams or troy ounces of gold, although other units such as the gold dinar are sometimes used. DGCs are backed by gold through unallocated or allocated gold storage. Digital gold currencies are issued by a number of companies, each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue a type of independent currency. Features Universal currency Proponents claim that DGC offers a truly global and borderless world currency system which is independent of exchange rate variations and political manipulation. Gold, silver, platinum and palladium each have recognized inter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Exchange-traded Product
Gold exchange-traded products are exchange-traded funds (ETFs), closed-end funds (CEFs) and exchange-traded notes (ETNs) that are used to own gold as an investment. Gold exchange-traded products are traded on the major stock exchanges including the SIX Swiss Exchange, the Bombay Stock Exchange, the London Stock Exchange, the Paris Bourse, and the New York Stock Exchange. Each gold ETF, ETN, and CEF has a different structure outlined in its prospectus. Some such instruments do not necessarily hold physical gold. For example, gold ETNs generally track the price of gold using derivatives. The funds pay their annual expenses such as storage, insurance, and management fees to the sponsor by selling a small amount of gold; therefore, the amount of gold in each share will gradually decline over time. The annual fee charged by State Street Corporation as sponsor of SPDR Gold Shares, the largest gold-backed fund in the world, is 0.40% of the assets in the fund. In some countries, gold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency Projects
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computerworld
''Computerworld'' (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital." Its audience is information technology (IT) and business technology professionals, and is available via a publication website and as a digital magazine. As a printed weekly during the 1970s and into the 1980s, ''Computerworld'' was the leading trade publication in the data processing industry. Indeed, based on circulation and revenue it was one of the most successful trade publications in any industry. Later in the 1980s it began to lose its dominant position. It is published in many countries around the world under the same or similar names. Each country's version of ''Computerworld'' includes original content and is managed independently. The parent company of Computerworld US is IDG Communications. History The first issue was published in 1967. Going international The company IDG offers the brand "Computerworld" in 47 countries worldwide, the name and fre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of The United Kingdom
ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal coat of arms of the United Kingdom, Royal Arms , date_established = , state = United Kingdom , address = 10 Downing Street, London , leader_title = Prime Minister of the United Kingdom, Prime Minister (Rishi Sunak) , appointed = Monarchy of the United Kingdom, Monarch of the United Kingdom (Charles III) , budget = 882 billion , main_organ = Cabinet of the United Kingdom , ministries = 23 Departments of the Government of the United Kingdom#Ministerial departments, ministerial departments, 20 Departments of the Government of the United Kingdom#Non-ministerial departments, non-ministerial departments , responsible = Parliament of the United Kingdom , url = The Government of the United Kingdom (commonly referred to as British Governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Good Delivery Bar
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement Settlement may refer to: *Human settlement, a community where people live *Settlement (structural), the distortion or disruption of parts of a building *Closing (real estate), the final step in executing a real estate transaction *Settlement (fina ... in the wholesale London bullion market. It also puts forth requirements for listing on the LBMA Good Delivery List of approved Refining (metallurgy), refineries. Good Delivery bars are notable for their large size and high purity. They are the type normally used in the major international markets (Hong Kong, London, New York City, New York, Sydney, Tokyo, and Zürich) and in the gold reserves of governments, central banks, and the International Monetary Fund, IMF. ''The Good Delivery Rules for Gold and Silver Bars'' The entire Good Delivery sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proof-of-stake
Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchain A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a ...s that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof of work, proof-of-work schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012. Description For a blockchain transaction to be recognized, it must be appended to the blockchain. In the proof of stake blockchain the appending entities are named ''minters'' or (in the proof of work blockchains this task is carried out by the Bitcoin mining, miners); in most protocols, the validators receive a reward for doing so. For the blockchain to remain secure, it must ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prova
{{other uses Prova is an open source programming language that combines Prolog with Java. Description Prova is a rule-based scripting system that is used for middleware. The language combines imperative and declarative programming by using a prolog syntax that allows calls to Java functions. In this way a strong Java code base is combined with Prolog features such as backtracking. Prova is derived from Mandarax, a Java-based inference system developed by Jens Dietrich. Prova extends Mandarax by providing a proper language syntax, native syntax integration with Java, agent messaging and reaction rules. The development of this language was supported by the grant provided within the EU projects GeneStream and BioGRID. In the project, the language is used as a rule-based backbone for distributed web applications in biomedical data integration, in particular, the GoPubMed system. The design goals of Prova: * Combine declarative and object-oriented programming. * Expose logi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ETF Securities
ETF Securities is an asset management firm that issues exchange-traded funds (ETFs) primarily in Australia. History The company was founded by Australian businessman and philanthropist Graham Tuckwell. The company worked with the World Gold Council on the development of the first gold ETF in 2003 and collaborated on the listing of Gold Bullion Securities on the London Stock Exchange in March 2004. In 2003, the company listed the first physically-backed gold exchange-traded commodity (ETC) on the Australian Stock Exchange. In 2005, the company created Europe's first petroleum ETF and in 2006 established the world's first commodities ETF platform, making 19 commodities and 10 commodity indices available on the London Stock Exchange and other European exchanges. In 2008, the company listed the first carbon ETF on the London Stock Exchange. By November 2012, the company had $30 billion in assets under management. On 8 February 2013, the company was selected by Charles Schwab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the day on stock exchanges whereas mutual funds are bought and sold from the issuer based on their price at day's end. An ETF holds assets such as stocks, bonds, currencies, futures contracts, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs are index funds: that is, they hold the same securities in the same proportions as a certain stock market index or bond market index. The most popular ETFs in the U.S. replicate the S&P 500, the total market index, the NASDAQ-100 index, the price of gold, the "growth" stocks in the Russell 1000 Index, or the index of the largest technology companies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
