What is MagmaCoin?
Recent crypto currency startups have succeeded in integrating physical
gold into the block chain. Gold has always been a difficult asset to move.
People would have to buy gold blocks and place them into a secure vault. The
blockchain makes the process quicker and easier helping to protect your gold,
reducing expenses, allowing the asset to be moved effortlessly across
borders, all the while shielding your investment from theft and loss.
Gold’s relative scarcity, its portability (you can carry small bars, coins or
jewelry), and its great demand in industrial applications, make it a
highly desired commodity. Cryptocurrency has adopted some of gold’s
benefits with the creation of a bitcoin that is uncommon. Through the
introduction of a digital coin that can be easily and effortlessly transmitted
and by the creation of a distributed, decentralized blockchain that aids
Magma Foundation i s working with gold a nd cryptocurrency. They also
possess the marketing, programming, logical, technical, and
operational skills needed t o accomplish this project. Gold helps you use
your gold-backed investments a s credible collateral. You’ll b e able to
trade gold quickly and easily and gain higher returns from your gold
funds a s bullion prices rise.