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GLC/USD: Convert Goldcoin (GLC) to United States Dollar (USD)

1 Goldcoin equals $0.0067 United States Dollar

Goldcoin (GLC) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Last update: 1:58 PM, July 24, 2024

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Overview

About Goldcoin (GLC)

Goldcoin (GLC) is a peer-to-peer cryptocurrency that operates on a decentralized network, with no central authority managing transactions or issuing currency. Launched in 2013, Goldcoin is an open-source cash payment system that aims to scale on-chain, eliminating the need for Layer 2 solutions. It strives to enable instant payments to anyone, anywhere in the world, with or without a transaction fee. Goldcoin's blockchain operates on a proof of work (POW) algorithm, similar to other popular cryptocurrencies. Key features of Goldcoin include 2-minute block intervals, 32 MB block size, full 0-Conf support, on-chain scaling, and a 51% Defense System.

Goldcoin operates on a proof of work (POW) algorithm, which is a common consensus mechanism used in many cryptocurrencies. The Goldcoin blockchain has a 2-minute block interval and a 32 MB block size, which allows for a high transaction capacity of 1,120 transactions per second. Goldcoin also supports 0-Conf transactions, which means transactions can be considered confirmed without needing to wait for a new block to be mined. This feature, combined with the network's capacity, aims to enable instant transactions. Additionally, Goldcoin has a 51% Defense System in place to protect the network from potential attacks.

Goldcoin aims to serve as a digital cash payment system that can be used by anyone, anywhere in the world. It seeks to enable instant payments with or without a transaction fee, making it a potential solution for peer-to-peer transactions. Goldcoin's high network capacity of 1,120 transactions per second also makes it suitable for handling a large volume of transactions, which could be beneficial for businesses and merchants. Furthermore, Goldcoin's open-source nature means that developers can contribute to the project, potentially leading to new use cases and applications for the cryptocurrency.

Goldcoin was launched on May 15, 2013, on the Bitcointalk.org forum. Initially, the project faced several challenges and was eventually abandoned. However, in June 2013, a new team was organized to revive the project. Since then, the Goldcoin community has grown exponentially, with many developers contributing to the project. Goldcoin underwent several transformations, with the current client software being SegWit free and using its own proprietary difficulty adjustment algorithm called Golden River. In September 2023, a superblock containing 1,100M coins was created with a funding target of 110 years, aiming to provide long-term funding for the project.

How Goldcoin (GLC) and United States Dollar (USD) differ

Goldcoin (GLC) and the US Dollar (USD) are two distinct forms of currency, each with their unique characteristics. Goldcoin, a peer-to-peer cryptocurrency launched in 2013, operates on a decentralized network, free from central authority control. It aims to enable instant payments globally, with or without transaction fees, and operates on a proof of work (POW) algorithm. Key features include 2-minute block intervals, 32 MB block size, full 0-Conf support, on-chain scaling, and a 51% Defense System. On the other hand, the US Dollar, a traditional fiat currency, is centrally regulated by the Federal Reserve and relies on the trust and confidence of its users. Transactions in USD are not instant and often involve transaction fees, especially for international transfers. Unlike Goldcoin, the US Dollar does not operate on a blockchain, lacks the transparency of a public ledger, and does not have a defense system against potential attacks. While Goldcoin seeks to serve as a digital cash payment system for anyone, anywhere, the US Dollar's use is more geographically limited and less accessible to those without traditional banking services.

Goldcoin Markets

Goldcoin is falling this week.

The current price of Goldcoin is $0.0067 per GLC. With a circulating supply of 43,681,422 GLC, it means that Goldcoin has a total market cap of $291,402.16. The amount of Goldcoin traded has fallen by $7.78 in the last 24 hours, which is a 30.51% decrease. Additionally, in the last day, $25.51 worth of GLC has been traded.

Market cap

$291,402.16

Volume (24h)

$25.51

Circulating supply

43.7M GLC

FAQ

How much is 1 Goldcoin in USD?

Right now, 1 Goldcoin is worth about $0.0067.

How much GLC could I buy for 1 USD?

Based on the current rate, you could get 150.12 GLC for 1 USD.

How much has the price of Goldcoin changed?

Goldcoin price has been declining. Since yesterday, the exchange rate of Goldcoin has decreased. Since last month, the exchange rate of Goldcoin has decreased. Since this time last year, the price of Goldcoin has decreased.

How do I calculate or convert GLC to USD?

You can use our GLC to USD calculator at the top of this page to convert any amount of GLC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 750.6 GLC. Inversely, 5 GLC will cost about 0.03 USD.

How can I buy 1 Goldcoin on Coinbase?

Goldcoin is not currently available through Coinbase, but you can sign up to get the latest news on Goldcoin and be notified when it is available.

What are assets similar to Goldcoin that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Goldcoin, including bAlpha, Gemie, and Binamon. For a more robust list of assets to explore, jump to the asset page dedicated to Goldcoin.

Conversion tables

The exchange rate of Goldcoin is increasing.

The current value of 1 GLC is $0.01 USD. In other words, to buy 5 Goldcoin, it would cost you $0.03 USD. Inversely, $1.00 USD would allow you to trade for 150.12 GLC while $50.00 USD would convert to 7,505.97 GLC, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 10.25%. Meanwhile, in the last 24 hours, the rate has changed by 4.73%, which means that the the highest exchange rate of 1 GLC to United States Dollar was 0.007010348751146895 USD and the lowest 24 hour value was 1 GLC for 0.006614114995961594 USD. This time last month, the value of 1 GLC was $0.01 USD, which is a 9.48% increase from where it is now. Looking back a year, Goldcoin has changed by $0.01 USD. That means that in a single year, the value of Goldcoin has shrank by 63.67%.

GLC to USD

Amount
Today at 1:58 pm
0.5 GLC
$0.0033
1 GLC
$0.0067
5 GLC
$0.0333
10 GLC
$0.0666
50 GLC
$0.3331
100 GLC
$0.6661
500 GLC
$3.3307
1,000 GLC
$6.6614

USD to GLC

Amount
Today at 1:58 pm
0.5 USD
75.06 GLC
1 USD
150.12 GLC
5 USD
750.60 GLC
10 USD
1,501.19 GLC
50 USD
7,505.97 GLC
100 USD
15,011.94 GLC
500 USD
75,059.70 GLC
1,000 USD
150,119.41 GLC

Today vs. 24 hours ago

Amount
Today at 1:58 pm
24 hours ago
24H Change
0.5 GLC
$0.0033
$0.0035
-4.73%
1 GLC
$0.0067
$0.0070
-4.73%
5 GLC
$0.0333
$0.0350
-4.73%
10 GLC
$0.0666
$0.0699
-4.73%
50 GLC
$0.33
$0.35
-4.73%
100 GLC
$0.67
$0.70
-4.73%
500 GLC
$3.33
$3.50
-4.73%
1,000 GLC
$6.66
$6.99
-4.73%

Today vs. 1 month ago

Amount
Today at 1:58 pm
1 months ago
1M Change
0.5 GLC
$0.0033
$0.0037
-9.48%
1 GLC
$0.0067
$0.0074
-9.48%
5 GLC
$0.0333
$0.0368
-9.48%
10 GLC
$0.0666
$0.0736
-9.48%
50 GLC
$0.33
$0.37
-9.48%
100 GLC
$0.67
$0.74
-9.48%
500 GLC
$3.33
$3.68
-9.48%
1,000 GLC
$6.66
$7.36
-9.48%

Today vs. 1 year ago

Amount
Today at 1:58 pm
1 year ago
1Y Change
0.5 GLC
$0.0033
$0.0092
-63.67%
1 GLC
$0.0067
$0.0183
-63.67%
5 GLC
$0.0333
$0.0917
-63.67%
10 GLC
$0.0666
$0.18
-63.67%
50 GLC
$0.33
$0.92
-63.67%
100 GLC
$0.67
$1.83
-63.67%
500 GLC
$3.33
$9.17
-63.67%
1,000 GLC
$6.66
$18.33
-63.67%

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