Xaurum Գին

What is Xaurum?

Xaurum is a cryptocurrency created by the Croatian company Auresco Institute. It was launched in August 2015 with the goal of creating a new form of digital money that would be backed by gold and other precious metals. Xaurum uses an innovative system called “Proof-of-Stake” to create new coins, which are then backed by physical gold stored in vaults around the world. This means that each coin has a real-world value, making it more stable than traditional cryptocurrencies like Bitcoin.

The main purpose of Xaurum is to provide users with an alternative form of money that is not subject to inflation or government manipulation. The coins can be used for everyday transactions such as buying goods and services online, and they can also be traded on exchanges for other currencies. Xaurum also offers its own wallet software, which makes it easy to store and manage your coins.

Xaurum has several advantages over traditional currencies. For example, it has low transaction fees compared to credit cards or PayPal, and its decentralized nature makes it less vulnerable to fraud or theft. Additionally, because it is backed by physical gold reserves, Xaurum’s value remains relatively stable even when other cryptocurrencies experience volatility.

Overall, Xaurum provides users with an innovative way to store their wealth securely while avoiding the risks associated with fiat currencies. It also allows them to take advantage of the benefits offered by blockchain technology without having to purchase expensive mining equipment or worry about complicated technical details.