Gulden is a Dutch cryptocurrency, represented by the trading symbol NLG, for making financial transactions. The cryptocurrency was founded by Rijk Plasman, and was officially released in 2014 after it forked from Litecoin. Gulden users are able to download a mobile cryptocurrency wallet that is available for IOS and Android that allows them to use Gulden to pay at registered Gulden merchants and anywhere Bitcoin is accepted. The mobile wallets for Gulden can also be used to integrate users bank accounts into the wallet.
Gulden (trading symbol - NLG) is a second generation peer-to-peer cryptocurrency which was created to provide a secure, simple and fast method of performing financial transactions between private individuals, customers & service providers and also corporate entities.
Like many recent (post 2012) cryptocurrencies, the primary design criteria were to improve security and usability of the currency and its underlying transaction authorisation technology (when compared to the original cryptocurrency - Bitcoin). The purpose of these changes were to simplify use and increase its adoption as a convenient, cheap and safe form of payment.
The original initiative for this currency came from Rijk Plasman with the first working implementation released on the 4 April 2014.
Initially called the "Guldencoin", this was subsequently abbreviated in October 2015 to "Gulden". The name Gulden comes from the German and Dutch term for “gold coin” and is the Dutch name of the Dutch guilder, the pre-euro currency of the Netherlands.
The Gulden currency can be mined which is a means of creating new Gulden by using software, quite often on specially designed computers. It can also be traded on a financial market or exchange in the same way as common commodities and traditional currencies such as Oil and the USD ($).
Due to the intrinsic link with the Dutch people and culture, adoption of the Gulden as a form of payment for goods and services is most established in the Netherlands.
The Gulden community partnered with organisers of the Capital Cup in 2018. After being approached by the organisers a crowdfunding campaign raised 80,000 NLG (about €7500) to sponsor the event with the prize money to be paid in Gulden payments accepted at the event.
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- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- LitecoinLitecoin (LTC or Ł) is a open source peer-to-peer cryptocurrency forked from Bitcoin by creator Charlie Lee. A key difference from Bitcoin is the decreased block generation time.
- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.