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NEWSBITES RELATED TO GULDEN

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News and information on Gulden, the crypto currency and the underlying blockchain. Click on the News button for the latest news articles.

What is Gulden:

Gulden was launched in 2014, making it one of the oldest projects in the crypto landscape. In 2024, ten years after its original launch, the coin was re-released with improved distribution/tokenomics and the name (after it was known under the name Munt for a while) was renamed Gulden again.
Despite blockchain technology as well as the crypto world evolving significantly in recent years, the Gulden philosophy remains unchanged. Making crypto payments efficient, simple and accessible, without losing sight of security, costs and energy consumption.
The applied unique 2nd generation blockchain cleverly uses a whole range of advanced and proprietary technologies. As a result, Gulden sets the standard in security and robustness for fast and low-cost transactions.
In doing so, the Gulden blockchain not only relies on the miners model, also called PoW (proof of work), but also adds Witness (a kind of PoS – proof of stake) and techniques like Sonic, Delta and SegSig.
Gulden can be mined at home as a solo miner in the desktop app and generates interest income for Witness holders through staking in that same wallet. Max supply is 1,971 million Gulden.

Gulden is designed to go one step further. It enables ultra-fast payments at a very low cost and is a fully-fledged decentralised payment system.

User-friendly technology

User-friendliness is one of the project’s spearheads. This makes Gulden accessible to almost everyone, even the less tech-savvy. In addition, the underlying blockchain is very environmentally friendly. This means that much less energy is needed to guarantee a secure network. Despite the use of innovative and smart techniques such as Witness and Sigma, Gulden remains true to its core value: keeping it as simple as possible.

Gulden wallets allow one to:

  • Make/receive payments,
  • Receive (high) interest (Witness),
  • Create Gulden coins on one’s own computer by mining,
  • or simply trade them.

How does it work?

Gulden are stored in a digital ledger, the so-called blockchain. This ledger is distributed on the internet. Every change -or transaction- is approved by a miner and a witness and added to the blockchain.

To get access to your assets on the blockchain you need the recovery sentence. Without it, you or no one else has access. This recovery sentence consists of twelve words and you will get it the first time you install the wallet-app. The wallet shows your balance and makes transactions possible. If your computer or phone is stolen, you can always reinstall the app, but only with your recovery sentence will you be able to restore your funds.

Gulden: How to get started

Step 1. Download the free wallet-app. The wallet is used to transfer money to the blockchain, view your transactions and to make payments.

Step 2. At the first time opening the app your personal recovery sentence is shown. The recovery sentence consists of twelve words and is actually the key to your money. If you lose it, your money is lost! So write it down, keep it save and don’t show it to anyone. Anyone in possession of your recovery sentence will always be able to access your money! Note: first time syncing the app with the blockchain can take some time.

Step 3. Receive money. This can be done in a number of ways:

  • You can buy/trade Gulden directly on a exchange (soon).
  • or use the buy button in your app.
  • Have a friend transfer some Gulden to your account.
  • Create your own Gulden by mining on your desktop computer.

Step 4. Now you are ready to spend them. You can make payments with your app to:

  • Stores that accept Gulden.
  • or deposit them back to your friend, anywhere in the world!

What else you need to know:

The value of the Gulden fluctuates, comparable with other currencies. For each transaction, a small fee is charged for maintaining the payment network. This is a few tenths of a Guldencent and therefore much cheaper than maintaining a bank account. There are no other costs.

Gulden is a decentralised project, the majority decides, rewards and price are not fixed, the project is continuously developed and subject to change.

Note: In most countries brokers and exchanges require to implement KYC (know your customer) regulations and thus need you to register with an valid ID.  That is perfectly normal and is needed for the crypto space to mature and grow as a safe place to store assets. But still: we advise you to be cautious and only use recommended brokers and exchanges. 

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More Information

  • Privacy
  • SIGMA Mining
  • Witness
  • MoreBites

RecentBites

  • New Discord Chat 14 March 2024
  • Munt has a new Owner 13 July 2023
  • GAB Minutes: Gulden NFT’s, Development Funding, CoinFan… 26 January 2023
  • Desktop wallet update 28 June 2022
  • GAB Minutes: Witness synch, price and more… 1 February 2022

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