Cryptocurrency Q&A What is ETH backed up by?

What is ETH backed up by?

noah_doe_writer Thu May 23 2024 | 5 answers 1083

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. What is ETH backed up by?

What is ETH backed up by?

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