Distinctive advantages of cryptocurrency eGOLD from other existing

In this article, we will tell you about all the known advantages of the new eGOLD cryptocurrency. Try to understand the features and principles of this unique coin.

Advantages of eGOLD

• eGOLD works on the non-volatile Proof of Stake algorithm, which verifies transactions by confirming more than 50% of the balance of available nodes. It allows you to keep a node on a device of almost any power.  
• The highest security is achieved using FALCON quantum-resistant encryption and the receipt by the nodes of transactions already signed by the private key on the client side.
• In cryptocurrency, complete anonymity is due to only a convenient 18- digit digital wallet number, for example, G -7355-87879-8875-80915.
• The main technological advantage of eGOLD is changing the private key. An immutable wallet number allows you to do this, in which the new private key is signed with the old private key, like any transaction by the rules of most cryptocurrencies. At the same time, only the hash of the new public key is stored until the first transaction after changing the private key, which further raises the security of using the wallet.
• In eGOLD, instead of blockchain, a multi-level algorithm is used for parallel transactions of the next post- blockchain generation. Similar transactions allow you to achieve unlimited throughput, unlike the standard blockchain, where every transaction on the network is recorded in a strict sequence.
• The transaction announcement speed reaches 4 seconds.
• eGOLD coins are implemented by staking technology with a reward of 10% to 13% per month of the total number of coins, allowing mine new coins on your wallet. Mining happens every second, and the coins are credited automatically to the balance. It is done for a fair cash distribution among all participants in the system. And it made the initial release only to start the distribution of coins. At the same time, the cryptocurrency algorithm cannot add cash to the design from the outside. Each node holder is a guarantor of compliance with the rules laid down in eGOLD.
• Mining is charged every second at compound interest, and it can use all coins at any time without additional transactions.

Unique referral system

For the first time, a unique three-level referral system with continuous mining from the balance of wallets in the system has been implemented in the cryptocurrency – as a reward for the promotion and popularization of the coin, accrued during an outgoing transaction to the wallet.

Accruals structure     

• 52% per year from the balance of referrals of the 1st level;
• 26% per year from the balance of referrals of the 2nd level;
• 13% per year from the balance of referrals of the 3rd level.

If the referral has a node, the reward increases by 25%.

The coin uses halving – a decrease in coin mining from month to month. As a result, the cost of transactions is always two coins for any number of coins sent, and when making a transaction through your node, the price will be one coin.

Traditionally, no node mining is compensated by rewarding node holders equal to 1 eGOLD coin from each transaction and increased mining compared to a regular wallet. The cryptocurrency itself has a business address, G-1, to destroy coins.

The innovative technology of the transaction history horizon allows you to keep the volume of the transaction database on the nodes unchanged and adjust independently.

Easy integration into any web project is possible through a simple API with JSON responses, POST / GET requests, and direct use of PHP and MySQL.

An analogue of halving decreases coin mining monthly by reducing by 1% from the previous month. In a month, the increase will be 9.9%, in twelve, 8.86%, in 5 years, 5.47% per month, and so it will decrease until March 1, 2035, 2.02% and 2.53% per node per month.

All source code is open

An important distinguishing feature of eGOLD is its wallet. It is one HTML file that works on any device. This file contains all the necessary scripts and pictures.

The wallet is fully functional. All transactions are displayed, referral receipts, contact management is possible, and email notifications for incoming and outgoing transactions. In addition, there are filters to find a transaction by date or digital comment label – Pincode.

All actions are protected by various algorithms, which eliminates errors and hacking. For example, even creating a new private key has a system of protection against accidental user actions.

The wallet itself has the function of changing the private key and creating a new wallet.

Wallet management is intuitive for anyone who has never dealt with cryptocurrencies.

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