DigixDAO (DGD)

DigixDAO Whitepaper

DigixDAO The Gold Standard in Distributed Ledger Technology (DLT) Using blockchain technology, we represent physical gold with DGX tokens, where 1 DGX represents 1 gram of gold on Ethereum. The transparency, security, traceability of the blockchain ensures that DGX tokens can be transacted and transferred with full visibility and auditability. Not only does the immutable ledger heighten security, the smart contract platform eliminates possible human error and risk of fraud that would otherwise be present in the supply chain of gold. DigixDAO aims to be a self-organising community on the Ethereum blockchain that actively involves its token holders in decision making and shaping the direction of the asset tokenisation business. DGD is the governance token for DigixDAO. DGD holders participate by submitting proposals and applying for grants for projects that build the Digix and DGX ecosystem. Potential proposal ideas could include making music videos about Digix, accepting DGX as payment method in their cafe, starting a Digix cafe, amongst many possible ideas.

The whitepaper of DigixDAO is 22 Pages long.

The most influencial keywords are: Asset, Digix provides, Gold, Service, Audit, Ethereum, Processes, Providing, Based, and Basing.

DigixDAO Competitors

• 1.) Obyte

  Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). Thanks to absence of blocks and miners, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. Obyte is the first DAG based cryptocurrency platform to support dApps. Due to absence of miners and blocks, there is no risk of front-running and other miner manipulation, and dApps are safer and easier to develop than blockchain based dApps. DApps are developed in Oscript - a new language that avoids many unsafe programming patterns common in earlier dApp platforms. Thanks to its safety, Obyte is especially well suited for DeFi apps, some are already available on the platform, such as Discount Stablecoins (https://ostable.org), some are being developed. Other features include: self-sovereign identity, private untraceable currencies, sending crypto to email using textcoins, and extremely small-footprint libraries suitable for small IoT devices.

• 2.) Burst

  Burst was officially introduced on the 10th of August 2014 with the goal of solving other cryptocurrencies’ biggest problems : lack of decentralization, waste of energy, unfair releases, supremacy of big miners and corporations. It is the first and only cryptocurrency secured by the Proof-of-Capacity algorithm.

• 3.) Infinity Economics

  Infinity Economics is a fully decentralized cryptocurrency network and the most modern blockchain in the world. Infinity Economics is a leaderless DAO. Infinity Economics (XIN) was (in the past) working in MLM model of affiliate programme.

DigixDAO Product Analysis