Review on Gulden by Huseyn Akberov

Hi readers. This time's topic is Gulden. It is an interesting crypto with interesting features. Let's start.

Gulden is a digital currency that uses the Proof of Work 2.0 (PoW2) protocol. Its name is derived from the old Dutch currency, Gulden. It is known to have a great development team led by Malcom Macleod. The Gulden developers are working to make this password currency a popular payment method in shops and restaurants throughout the Netherlands. The team's plan disappeared and it was to reintroduce Dutch currency in the form of password currency. It was also intended to introduce technology and concepts to those who are completely new to blockchain and password money. They will do so in an accessible way that can stimulate early recruitment.

As of 2015, Gulden is aiming for widespread acceptance in the Netherlands. The coins were pre-mined for about 10% of the total supply. The developers claimed that 9% of the mined supply was reserved for Dutch citizens, as Gulden password coins are primarily targeted at this area. The remaining 1% they say is reserved for the development of the coin.

Gulden was a Litecoin fork. In other words, it is using the Proof ofWork consensus mechanism and the Scrypt hash algorithm. The proof-of-work algorithm requires action by the service requester to prevent abuse of the network. Scrypt is a hash function first used by Litecoin to replace the SHA256 hash function.

Gulden uses a custom difficulty adjustment algorithm called Delta. Block times are significantly shorter than Bitcoin block times by this self-tuning algorithm. Also, unlike BTC, the block reward cannot be halved. The current reward is 100 NLG coins per block. The main goal behind the Gulden team is to provide users with easy access to cryptocurrencies. Their main focus is making Garden easy to use by those who have never used cryptocurrencies before. They believed that as the entry level of this technology got lower, more and more people started using crypto currency based systems. This will increase the overall popularity of cryptocurrencies. With the true community coin, they also determine where their priorities are to their users. Thanks to this approach, they are always improving and prioritizing what is important to end users and developers. Their end goal is to develop an ecosystem that allows anyone without any technical knowledge of cryptocurrencies to easily use NLG coins for daily trading without hassle or learning curve.

Gulden author focuses on the safety of the blockchain. In fact, they believe they currently have one of the most secure blockchains in the world. One of the reasons they have enough confidence to assert this is the implementation of PoW2, which made the entire network more secure.