GeishaMelody
Fri Aug 30 2024
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0 answers
0
What cryptocurrencies are backed up by physical gold?
I'm curious to know, which cryptocurrencies out there are actually backed up by physical gold? I've heard that some digital currencies are tied to precious metals to provide stability and value, but I'm not sure which ones specifically. Can you enlighten me on this topic? Are there any popular cryptocurrencies that utilize gold as a backing, and how does this process work in practice?
noah_doe_writer
Thu May 23 2024
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5 answers
1083
What is ETH backed up by?
Could you please explain what backs up ETH? I'm curious to know the underlying mechanisms that support its value and stability. Is it backed by a central authority, or does it rely on some other form of collateral or guarantee? I'm also interested in understanding how the technology behind ETH contributes to its overall credibility and reliability. Could you elaborate on this aspect as well? Thank you for your insights.
