Global Future City Holding Inc. has announced that its strategic partner, Great Coin, Inc., has selected the Ethereum platform for its digital currency, GX-Coin. According to Global Future City Holding, Great Coin, Inc. chose to proceed with Ethereum over the more established Bitcoin blockchain because the Ethereum platform gives Great Coin, Inc. the ability to write self-executing contracts, something that would not be possible with the Bitcoin blockchain. Great Coin, Inc. is wholly owned by officers and directors of Global Future City Holding Inc.
GX-Coin is a digital currency that functions as a store of value and a medium of exchange. Great Coin intends for the GX-Coins to be freely transferable on an online trading platform, with the price of a GX-Coin determined by trading activity. As a digital currency, GX-Coin’s ownership and transfer will be recorded on an encrypted, secured distributed ledger system.
Ethereum is gaining traction with a number of companies in the cryptocurrency sphere and is growing at a rapid rate. Companies are making offers on areas from Ether mining discounts to Ethereum programming courses.