"There's a new cryptocurrency coming to the market.
What makes it unique to existing cryptocurrencies like Bitcoin?
It's backed by gold.
Anthem Vault, the metals and technology company, will launch the coin on May 25.
The coin will "be valued at 1 gram of gold at the day's market price, [and] will serve as a more secure store of value than Bitcoin," according to the press release. It will be called the Hayek, "after the Nobel-winning Austrian economist Friedrich Hayek."
Anthem Blanchard, the CEO of Anthem Vault, told Business Insider that "gold is arguably the most trusted store of value of all time," which is why he chose it to back his new cryptocurrency..."
at http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5#ixzz3ZlN5YLZh
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