Questions tagged [backed by]

Daniele Sun Nov 10 2024 | 7 answers 1304

Cardano is backed by a strong team of developers, led by Charles Hoskinson, and a scientific approach to blockchain development. It utilizes a unique Proof of Stake (PoS) consensus mechanism called Ouroboros, making it more energy-efficient and scalable than traditional blockchains. Additionally, Cardano has a robust community support and a growing ecosystem of applications built on its platform.

DondaejiDelightful Sat Nov 09 2024 | 5 answers 1170

I heard that Terra, a cryptocurrency, was backed by some sort of asset, but I'm not sure what it was. I want to know what asset backed Terra and how it worked.

IncheonBeautyBloom Thu Nov 07 2024 | 5 answers 1210

I want to know the asset or commodity that backs the Gemini cryptocurrency. Is it backed by gold, fiat currency, or some other asset? I'm curious to understand the value proposition of Gemini.

DavidLee Wed Nov 06 2024 | 5 answers 1221

Zilliqa is backed by a team of experienced individuals and organizations. The project was co-founded by Amrit Kumar and Xinshu Don from the National University of Singapore. It has received support from Zilliqa Research and growth plans from ZILHive. Additionally, Zilliqa has been invested in by 13 investment institutions, including notable ones such as FBG Capital. The project has also formed partnerships with global advertising giant Mindshare and several blockchain gaming companies to enhance its application ecosystem.

Giulia Wed Nov 06 2024 | 5 answers 826

Elon Musk has shown support for certain cryptocurrencies, notably Bitcoin and Dogecoin, through his public statements and actions. For instance, Tesla, under Musk's leadership, invested in Bitcoin and briefly accepted it as payment. Musk's frequent tweets about Dogecoin have also significantly influenced its market value and public perception.