eGold price is $0.00000006
Today, the price of eGold (EGOLD) is $ 0.00000006. Compared to 24 hours ago, the price has increased by +0.00%%. Keep in mind that cryptocurrency prices are highly volatile and can change rapidly.
eGold (EGOLD) is a cryptocurrency token based on the Ethereum blockchain technology. As an ERC-20 token, EGOLD benefits from the security, scalability, and decentralization of the Ethereum blockchain. It's designed to offer faster and cheaper transactions compared to Bitcoin, Litecoin, and other cryptocurrencies, making it an ideal choice for quickly executing payments.
The specific details about the creators or the development team behind eGold (EGOLD) are not publicly disclosed. However, as an Ethereum-based Token, it does share the same foundational technology that was developed by Vitalik Buterin and his team.
eGold works on the Ethereum platform and follows the standards of ERC-20 tokens. This means that eGold transactions are validated by the Ethereum network through the process of mining or staking. A user can send or receive EGOLD tokens from any Ethereum address which supports ERC-20 tokens.
The token is primarily used as a medium for quick and cost-effective transactions. It's digitally-native, meaning transactions occur over the internet and aren't tied to any traditional banking system. This often makes the process smoother, quicker and more global.
What sets eGold apart from other cryptocurrencies is its commitment to providing fast and economical transactions. While Bitcoin and many other cryptocurrencies may experience high transaction fees and slower transaction times, eGold strives to mitigate these issues by leveraging the advantages and efficiencies of the Ethereum platform.
Since eGold is an ERC-20 token, it benefits from the robust and proven security of the Ethereum network. The network is secured through Ethereum's Proof-of-Stake (PoS) consensus mechanism, where validators are chosen at random to create new blocks and validate transactions.
There are currently EGOLD tokens in circulation. The token's total supply, however, stands at 20.0M tokens. These figures are subject to change based on various factors such as market demand and the network's protocol rules.
eGold (EGOLD) can be purchased on several exchanges. The current list of exchanges where you can purchase EGOLD includes YoBit, SouthXchange, EtherDelta. As always, it's important to use a trusted exchange and secure personal wallet for buying, storing, and transacting with your EGOLD tokens.
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