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No, it is built to digitalize and decentralized the currency system for payment purposes.
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I get your point. Bitcoin is not backed by any product like that. It was solely made to be a new form of digital money to be used as payment.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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Now the all ICOs want to develop a product to give value to their token.Am wondering if bitcoin is backed by any product. If no,could that be the reason for it's high volatility?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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