Ninjastic
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Board Altcoin Discussion
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What are altcoins backed by?
by
msdjaw
on 22/02/2019, 11:05:00 UTC
To explain more, for e.g., we hear that the USD was backed by the convertibility of this currency to precious metals until 1971. Now, what are altcoins backed by such as Ethereum or Litecoin? Are mathematical calculations performed by ASIC miners any useful in the real world?