Goldbloc-54-37

Goldbloc – Your questions answered!

Goldbloc is The Real Asset Co’s gold-backed digital currency. If you want to buy gold and be able to use it as money in the near future then Goldbloc is the digital currency investment for you.
The next iteration of Goldbloc will be launching in Q2 2018. Please visit www.goldbloc.com for updates.

 

Buy goldbloc

Will I be able to use my Bitcoin to buy Goldbloc?

Unfortunately not straight away. As much as we would like to accept non-fiat currencies for our bullion we are still unable to do so. This is down to banking regulations and our desire to not disrupt our very efficient supply chain.

View Goldbloc live markets

Buy goldbloc

Buy goldbloc

Don’t forget about our new gold-backed digital currency, Goldbloc! Each Goldbloc is physically represented by 1 gram of gold in our vaults, and represented on the blockchain, for ultimate piece of mind. Some might call it the new gold standard.

View Goldbloc live markets

When will the cryptocurrency be released?

The Real Asset Co is in the process of building Goldbloc with one of the best cryptocurrency builders. At the moment we plan to release the currency at the beginning of November.

 

Will I be able to use my Bitcoin to buy Goldbloc?

Unfortunately not straight away. As much as we would like to accept non-fiat currencies for our bullion we are still unable to do so. This is down to banking regulations and our desire to not disrupt our very efficient supply chain.

 

Which currencies can I use to buy Goldbloc?

The same currencies you can use to buy

 

Will there be a silver backed Goldbloc?

Not straight away. We plan to launch our gold backed crypto first and ensure that this is as fantastic as we hope before stepping into silver backed cryptos.

 

How can I mine Goldbloc?

Goldbloc is 100% premined. Before you all get your knickers in a twist about this just read why – Goldbloc is a gold-backed currency and creating coins in the traditional manner would put the integrity of the gold-backed coin at risk. This would be akin to creating gold out of thin air.

 

You will be able to mine Goldbloc, assisting with the verification of transactions, in exchange for 0.25% of the transaction value, taken as a mining fee. Initially mining will be performed exclusively by The Real Asset Co – see “Is it open-source?” for more details.

 

How much gold will back the supply of Goldbloc?

We have premined enough Goldbloc to cover all of the gold that has ever been mined. However this, for obvious will not all be available.

 

The Real Asset Company will only release Goldbloc onto the blockchain as the gold appears in the vault. i.e. all Goldbloc on the blockchain is fully backed by gold in our Malca Amit vault.

 

Via the block explorer all dormant and active Goldbloc will be visible and auditable for all. You can then verify

 

Is Goldbloc decentralized?

Yes – see “How can I mine Goldbloc?”

 

What happens to Goldbloc that I take delivery of

If you decide to take delivery of your Goldbloc you will have to send your coins to an address provided by The Real Asset Co. Once the coins have been received by us they will be sent to a proof-of-burn address, ensuring they are not respent.

 

How much gold will back Goldbloc?

1 gram of gold.

 

How much will Goldbloc be divisible by?

6 decimal places. For example, the smallest unit will be 0.000001 GBC, worth one hundred thousandth of a gram.

 

Why is Goldbloc different to any other cryptocurrency?

Goldbloc has been built in a very similar manner to other cryptocurrencies however it is 100% fully backed by gold.

 

Goldbloc is built using the most recent release of the Bitcoin source code ensuring that it is amongst the most stable cryptocurrencies in current circulation.

 

How do I know that Goldbloc is backed by gold?

We are using the block chain as a ledger system therefore you

 

How can I buy Goldbloc?

You can buy Goldbloc by creating an account with The Real Asset Co and making an order on the market page. This will allow you to place an order to buy Goldbloc at a price you specify or to fill an order placed by another Goldbloc holder, wishing to sell them.

 

Buy Goldbloc using the following steps:

 

1)

 

How can I sell Goldbloc?

You can sell Goldbloc in the same way that you buy them, by creating an account with The Real Asset Co and placing a sell order with your desired price. This will be filled by a person willing to pay that price.

 

What can I use it for?

 

Can I delivery of my gold backing Goldbloc?

Yes, if you have 100 or more Goldbloc you can take delivery of them. This will require a handling fee.

 

Is it open-source?

Yes, Goldbloc is released under the open-source MIT license. Initially the currency will only be available on The Real Asset Co website, however, source code and download-able wallets will be released in the new year. Once the source code and wallets have been released you will be able to mine Goldbloc and third-parties will be able to integrate it with their websites and services.

 

How can I create a wallet?

You can create a Goldbloc wallet by creating an account with The Real Asset Co. Once you buy some Goldbloc you will be given a unique address for your wallet. You can use this address to verify your balance and track your transactions using the blockchain explorer.

 

Once Goldbloc has been made available for download you will be able to create a wallet on your own computer or via a third-party exchange. This will involve downloading the wallet software to your computer. A guide will be made available for this at the time.

 

Register your interest here (LINK).

 

Why do I pay storage fees on Goldbloc?

Unlike other cryptocurrencies, Goldbloc is backed by physical gold. This gold has to be stored somewhere secure and this costs a substantial amount of money. The storage fees taken for Goldbloc are used to store the gold backing.

 

Are there Goldbloc transaction fees?

The fee for transactions on the Goldbloc network is 1% of the transaction value. This fee is divided between the miner, who will recevie 0.25%, and The Real Asset Co, who will receive the remaining 0.75%.

 

How many Goldbloc exist?

160,000,000,000, that’s one for every gram of the 160 thousand tonnes ever mined.

 

Where is my Goldbloc gold stored?

Initially your coins will be stored by The Real Asset Co in a wallet allocated for you. You will be given a unique address that you can use to view your trade history using the blockchain explorer. LINK

 

Can I put my own gold on the Goldbloc blockchain?

In stages 1-3 this is not an option as…

 

Why do you need my details?

AML and KYC

 

Are you hijacking the blockchain for marketing purposes?