Gluden is a company based in the Neatherlands with the word Gluden originating from an old dutch saying for “gold coin”. The Gluden blockchain is used by Merchants across Netherlands as a form of payment while another very unique feature of Glulen is being able to send money to any International Bank Account Number ( IBAN ) account which facilitates cross border payments.
The Proof of Work 2 is an innovation that has come out of Gluden and claims to be the most secure and most efficient Proof of Work algorithm. This can be seen with the amount of confirmations need on a transaction to be considered valid.
A massive upside of fewer confirmations is that the transaction time is greatly reduced. Gludens transactions only require 1 or 2 confirmations to be considered secure. This effectively means there is less time waiting for a transaction to be proceed.
The goal of Gluden is to introduce a 0-config transactions in a way that is safe and secure or in other words 0 confirmation transactions.
Gluden also makes claims in its ability to handle 4 times the amount of transactions that Bitcoin can. I state here that it claims to, due to its lack of testing in high volume periods that we see Bitcoin facing regularly.
Cons
Since Gluden is made very specifically for use in the Netherlands and has seen most of its adoption there it doesn’t have much room for outside adoption. Most of what it can do is already being done by Bitcoin aside from its ability to be sent to an IBAN account. If Netherlands are the only market that the team have in mind then this coin is ideal but upon expanding outside of this market they would need to upset some crypto giants from their roots.
Gluden is a Bitcoin made better. While it is not all that unique in that regard, there are features that I believe are unique to Gluden. Such as its ability to send Gluden to IBAN accounts and its promise of 0 confirmation transactions which could be a key cornerstone for successful mainstream adoption within the Netherlands.
