GoldCoin, the Chinese name of gold, or GLD for short, is an electronic currency based on the second development of bitcoin. Posted on December 17, 2013. GLD appears to be based on the development of bitcoin, but the algorithm is to use scrypt to prevent the existence of ASIC mine machine, in order to achieve mining as fair as possible. The total amount of gold coins on the line for the 43 million, producing a block every minute. In the first 1-12 weeks 5 coins per block, 13-24 weeks 4 coins per block, 25-36 weeks 3 coins per block Starting from the 37th week 2 coins per block, Confirmation of mining time is very short, only need 30 blocks to confirm.