Get To Know About Gold Union Coin Plus

Founded in 2009 as a premier online destination for precious metal purchase, Gold Union Coin Plus is the European Group's flagship venture into the precious metal retail market outside the Gold Union Coin Plus.

Formation of Gold Union Coin Plus was a product of the immense surge in demand for investment grade precious metals following the aftermath of the financial crisis in 2008. Capitalizing on European Group's extensive global network within the precious metal and its related industries, Gold Union Coin Plus is able to offer clients exclusive access to the highly lucrative European precious metals markets.

Since our formation in 2009, Gold Union Coin Plus has evolved into a trusted brand name that represents fair, transparent and safe portal for precious metals purchases. Much of our success is attributed to the European Group's well-established position in the precious metal industry, enabling us to offer customers the best available dealers' price for investment grade precious metals.

Redefining precious metals as the safe-haven of choice, Gold Union Coin Plus unique model enables clients to purchase and hold precious metals without being exposed to the risk of short-term price volatility.

Goldunioncoinplus [GUC+] is an ethereum smart token, that is used to send GUC+ across ethereum network. GUC+ is a decentralized smart coin thats uses secure transfer blockchain to make transactions. GUC+ is adopted to make easy and fast transactions. Anyone can verify their accounts and transactions on Ethereum official blockchain.

Ethereum Blockchain

Ethereum is a public blockchain platform with programmable transaction functionality. It provides a decentralized virtual machine that can execute peer-to-peer contracts using a crypto asset called Ether (unofficial code ETH).

Ethereum was initially proposed by Vitalik Buterin in late 2013, and the genesis block, marking the live release of the Ethereum project, occurred on 30 July 2015. The Ethereum software project is advanced by a Swiss company, Ethereum Switzerland GmbH (EthSuisse)and a non-profit foundation, the Ethereum Foundation.

  • In Ethereum the block time is set to twelve seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol.
  • Ethereum has a slightly different economic model than Bitcoin – Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum.
  • Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin it is limited by the block size.
  • Ethereum has its own Turing complete internal code... a Turing complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin there is not this form of flexibility.
  • Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five.
  • Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation.
  • Ethereum uses a memory hard hashing algorithm called Ethash that mitigates against the use of ASICS, and encourages decentralised mining by individuals using their GPU's.
Ethereum Smart Contract
  • Ethereum user can create GUC+/ETH address.
  • User can view GUC+/ETH wallet balance.
  • Only smart of Ethereum can be used to make GUC+ transaction.
What is a 'Cryptocurrency'

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

BREAKING DOWN 'Cryptocurrency'

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin's success has spawned a number of competing cryptocurrencies.

Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers. Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely. Cryptocurrencies are not immune to the threat of hacking. In Bitcoin's short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

Our Vision

Gold Union Coin Plus is dedicated to becoming the key driver for the development of global retail precious metals sector.

Our Mission

To provide our customers with the safest and most convenient precious metals purchase destination.


Our Expert Opinion.