$PAXG What is digital gold?

Digital gold is a decentralized digital currency based on blockchain technology. It was originally designed to achieve functions of scarcity, immutability, and value storage similar to that of gold. Unlike fiat currencies and traditional cryptocurrencies, digital gold guarantees its scarcity and security through a series of encryption algorithms.

The main features of digital gold are as follows:

1. Scarcity: the total amount of digital gold is limited, similar to the scarcity of gold. This scarcity helps to maintain its value stable.

2. Non-manipulability: transaction records and ownership information of digital gold are stored on the blockchain, making this information unchangeable and ensuring the security and transparency of transactions.

3. Decentralization: digital gold does not rely on any central agency or government for its management, but operates through a distributed network. This reduces political and regulatory risks.

4. Store of value: Digital gold is designed to be a long-term store of value, similar to gold. Investors can view digital gold as a hedge against inflation and economic uncertainty.

5. Divisibility: digital gold can be divided into smaller units, like gold, to facilitate small transactions and investments.

In summary, digital gold is a new type of digital currency that combines blockchain technology and the characteristics of gold, with the goal of providing users with an asset that is secure, transparent, scarce, and that has a value storage function.