How secure is PAX Gold?
PAX Gold is a secure and reliable asset backed by physical gold.
The gold is stored in a high-security vault in London, and the PAX Gold tokens are backed 1:1 with the gold stored in the vault. The gold is audited regularly to ensure that it matches the amount of PAX Gold tokens in circulation. The security of PAX Gold is further enhanced by its use of blockchain technology.
All transactions are recorded on the Ethereum blockchain, which provides an immutable record of all transactions and ensures that no one can tamper with or manipulate the data. Additionally, PAX Gold has implemented advanced security protocols to protect user accounts from unauthorized access and malicious attacks. These protocols include two-factor authentication, encryption, and other measures to ensure that user funds remain safe and secure at all times.
