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About: Digital gold currency     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDigitalGoldCurrencies, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Currency113385913yago:Measure100033615yago:MediumOfExchange113372961yago:Standard107260623yago:SystemOfMeasurement113577171yago:WikicatDigitalGoldCurrencies New Facet based on Instances of this Class

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.