The meaning of “Gold HBAR Token” refers to a physical coin that is designed to commemorate and show support for the Hedera Hashgraph network. It is also referred to as a “Gold Hedera Hashgraph Coin.” This coin is made of gold plated metal and is not a digital coin that can be used on the network but rather a physical coin like a momento. It has no value, it is a physical item that can be collected, displayed or used as a way to show support to the Hedera Hashgraph network. It’s important to note that the Gold HBAR Token is not a digital coin and it doesn’t hold any value on the network.
What is Hedera Hashgraph?
Hedera Hashgraph is a decentralized, distributed ledger technology that uses a unique consensus algorithm called “gossip about gossip” to achieve high transaction speeds and security without the need for mining or other energy-intensive processes. It is intended to be a scalable and fair platform for applications such as micropayments, supply chain tracking, and secure voting systems.
How are Hedera HBAR coins minted?
Hedera HBAR coins are minted through a process called coining, which involves creating a design or image on a metal disc, known as a blank or planchet. The planchet is first cleaned and heated to a high temperature in order to make it more malleable. It is then placed between two dies, which are specialized tools with engraved designs on them. The dies are struck with a heavy hammer or press, which transfers the design from the dies onto the planchet, creating the finished coin.
What is gold plating?
Gold plating is a process in which a thin layer of gold coloring is applied to the surface of another metal, typically a base metal such as copper or silver. This is done for decorative purposes and to provide a protective layer against corrosion. The gold is usually applied using an electroplating process, where a current is passed through a solution of gold ions to deposit the gold onto the surface of the object.
What is a physical coin?
A physical HBAR coin is a tangible object made from a metal or other material, typically circular in shape and bearing a design or inscription on one or both sides. Typically a physical coin is used as a medium of exchange and as a store of value. Examples of physical coins include pennies, nickels, dimes, quarters, and dollars. However, the gold HBAR coins we sell are souvenirs and do not made of real gold or silver.