Shaurya Malwa · 5 days ago · 2 min read
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Nick Chong · 2 months ago · 2 min read
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The GCR Blockchain is a blockchain ecosystem for an entirely self-sustained decentralised financial infrastructure. The ecosystem is sustained / regulated by the digital asset (GCR) holders, through a specially designed digital wallet, which rewards those who own GCR with additionally mined GCR tokens into their wallets, for validating the ongoing transactions on this blockchain. The GCR digital asset itself is a stable coin, pinned to the price of gold.
The Gold Coin Reserve blockchain serves as the stepping stone to a currency, accepted by participating businesses in exchange for goods and/or services However, the underlying infrastructure can be used as backbone of a larger regulatory compliant infrastructure integrated into internal banking systems as a reconciliation mechanism, whilst still being used as a transactional instrument for the public to use for daily purchases.