BTC2 = ~ $1.70
BTC = ~$9,000
"BTC2 is 1:1 backed by on-chain BTC"
BTC = ~$9,000
"BTC2 is 1:1 backed by on-chain BTC"
You must be confusing it with another BTC2 coin. That coin is POS, this new BTC2 token issued in the BitcoinCash blockchain is backed 1:1 by Andreas Brekken's exchange Sideshift AI, https://sideshift.ai
I don't understand this, BTC2 coins backed by BTC 1:1 according to who? Who's guaranteeing this? Roger? Jihan? Who?
Sideshift AI.
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You can't compare it to USDT neither, USDT is 1:1 USD because Tether Corp/Bitfinex guarantees it. It is a centralized company. As a company they said that they have the actual USD to back Tether up.
Who's behind BTC2? Do they have the BTC to back BTC2 up?
Can't compare? What's the difference? Plus Tether is a fractional reserve.