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Best Cryptocurrency Backed by Silver/Gold

posted 3 years ago by Texaschowdah 3 years ago by Texaschowdah +5 / -1

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– PiMiner 2 points 3 years ago +2 / -0

Best Cryptocurrency Backed by Silver/Gold

Cryptocurrencies aren't backed by things (i.e., commodities); they are either backed by their own scarcity (as in the case of BitCoin, ostensibly), their use as a money-laundering tool (definitely BitCoin), name-recognition (Dogecoin), or as grease in distributed finance (Ethereum).

Does anyone have any recommendations?

For the time being, don't spend any money, since it looks like cryptos are currently slumping a bit (for a week or so, anyway). Good time to check out some freebies while you poke around.

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