GOLDp Technology

Each GOLDP has been issued through a smart contract running on Ethereum blockchain. Ethereum VM (Virtual Machine) powers the Ethereum blockchain, coordinates and executes codes on devices of thousands. With that being said Ethereum VM is the virtual place where all the contracts are being executed. Ethereum Virtual Machine exists solely on each Ethereum node and executes Bytecodes which are a result of compiled versions of Ethereum Solidity codes. Solidity codes are compiled into bytecodes to deduct the code weight, increase execution time and make the process simpler, basically. Any program could be freely coded on Ethereum VM and run by paying network fees called “Gas”


GOLDp tokens, running on Ethereum blockchain, are minted and burnt with a 1:1 ratio of physical gold stored in vaults.