PRETHER, cryptocurrency backed by Precious MetalsOn the assumption that the major economies will collapse even further than they did in 2008 during the mortgage crisis, fiat money will lose in their value and so will lose the people owning them.At the same time most cryptocurrencies display a misconception.Ok, so what is Blockchain?Blockchain is a ledger system, a growing list of records, which are linked cryptographically. The value of the asset behind each encrypted code is finalized when everyone in a network accords/agrees. Such blocks of data might be sold, bought, traded, or exchanged.However, to understand neatly what idea is behind the whole system we have to explain the value of quite far-fetched currencies that we use nowadays. To tell the truth, we can compare them to boxes, beautiful boxes, which exterior appearance seduces us, make us want them, sadly, no matter how appealing their exterior appearance is, inside they are still empty, ergo their value equals zero unless we put something inside.Over the years, gold has mostly been used to hedge against inflation. However, now PRETHER combines both a Cryptocurrency and Precious Metals, what gives the owner easiness in transactions and increased safety.