Cryptocurrency Market
DGL is assisting financial businesses in outlining and branding of founding a business to trade in digital currency.
Blockchain is a distributed, computerized and encoded security technology, or “cryptography”, that supports secure and validated direct online business transactions between businesses without the need for a central management unit. Blockchain uses software that supports documenting transactions in blocks of data that are approved by both sides independently. Every block of data that is approved connects to the previous block. In this way, the data structure is distributed such that all relevant parties can remain in agreement. The chain of blocks contains documentation of all the actions that have been performed. This technology uses digital tokens, among other things, and is implemented in creating smart contracts in a wide range of subjects, such as copyright protection, sharing medical records, and more. One of the more common uses of this technology is the production of cryptographic tokens that are saved in digital wallets. Currently, these cryptographic tokens can appear as any of the following:
- Distributed tokens that are not issued by a single central entity and their value does not represent any specific commodity or service, but rather their value is determined by an exchange agreement within the network of users (for example: Bitcoin, Ether, etc).
- Security Token – or Capital Tokens – tokens that are issued by a single central entity and represent asset rights or financial rights (for example rights to capital or rights to liabilities), for example: the right to a certain percentage of future revenue.
- Utility Token – or product or service tokens – tokens that are issued by a single central entity that represent a commitment by the side that issues the token to provide a future service or right to product that is currently being developed.