10/12/19 06:33 UTC-5

The Central Bank of Lithuania will issue collection coins on the blockchain

The world's first blockchain-based digital collectible coin, created by the Bank of Lithuania, is dedicated to the Act of Independence of Lithuania of February 16, 1918. On the bank's website, it is noted that the coin will be issued in the spring of 2020.


Tokens are purchased in the electronic office of the bank

The Bank of Lithuania plans to issue 24,000 tokens created using blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology. Each tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
will have an image of one of the 20 signatories, and collectors will have the opportunity to collect the entire set. Coins will be divided into 6 categories in accordance with the areas of activity of the signatories.

4000 tokens will be allocated for each coin. When buying a digital coin, buyers will receive 6 randomly selected digital tokens, and only after receiving a token from each of the 6 categories will they be able to redeem a physical silver coin.

Tokens will be available for purchase and storage in the Bank of Lithuania online store. In honor of this significant date, the physical silver coin will have an unconventional name – 19.18 euros. The size and shape will resemble a credit card with the image of the Law on Independence and its signatories, as the latest cryptocurrency news reports.  

Interesting in the section: Blockchain technology is able to preserve the world's animal population

See also: "South Korean telecommunications giant has established blockchain cooperation with China"

#Lithuania #cryptocurrency #blockchain #coins #countryindependence

Editor: Daria Mukhina