1. What is mbtc?

Introduction to MBTCTokens

MBTC is a type of Token, but specific information is limited. The following is a general introduction to Tokens, based on the characteristics of Bitcoin:

1. Decentralization: Tokens do not rely on a central authority to issue new money or maintain transactions, but instead operate through blockchain technology.

2. Security: Tokens use digital encryption algorithms and network-wide resistance to 51% attacks to ensure the security of assets and transactions.

3. Anonymity and Privacy: Token transactions do not require personal information, and the blockchain does not store any personal data, but transaction information is public and traceable.

4. Irreversibility: Token transactions are irreversible; each transaction cannot be undone, protecting merchants from fraudulent chargebacks.

5. Farm; Mine: Tokens are generated through the "Farm; Mine" process. Users participating in block processing need to invest significant time and computing power to obtain newly generated coins.

The specific technical details and characteristics of MBTC may differ from Bitcoin, but the information above provides a general overview of Tokens.

2. Who created mbtc?

MBTC (MilliBitcoin) is not an independent Token but is one of the units of Bitcoin (BTC). 1 Bitcoin (BTC) is equal to 1000 milliBitcoin (mBTC). Therefore, MBTC was not independently created by any individual or organization; it is part of the Bitcoin system, defined by Bitcoin's creator Satoshi Nakamoto during the design of Bitcoin.

3. Which venture capitalists invested in mbtc?

According to the provided search results, there is no direct mention of which venture capitalists invested in Tokens MBTC. However, the following information may relate to your query:

1. MBTC Launch on Ethereum Mainnet: Merlin Chain announced that users can bridge MERL and MBTC from Merlin Chain directly to the Ethereum mainnet and provide additional incentives to guide liquidity.

2. BTC-LST Ecosystem: The article discusses the market share and distribution of BTC-LST (such as LBTC, pumpBTC, solvBTC, etc.), but does not mention specific investors or venture capital firms.

If you need more specific information, please provide more context or refine your query.

4. How does mbtc work?

MBTC (MilliBitcoin) is a subunit of Bitcoin, with 1 MBTC equal to 0.001 BTC. As part of Tokens, MBTC operates similarly to Bitcoin, primarily relying on blockchain technology. The key points of its operation are:

1. Blockchain Technology: MBTC runs on the Bitcoin blockchain, a distributed public ledger that records all transactions.

2. Transaction Verification: Transactions are verified through a proof-of-work (PoW) mechanism, requiring miners to use computers to solve complex mathematical problems to generate new blocks.

3. Decentralization: MBTC does not rely on a central authority for issuance or management but operates through a decentralized network for transactions and record-keeping.

4. Security: Blockchain technology ensures the security and immutability of transactions through encryption and consensus mechanisms.

5. Storage: MBTC can be stored in cryptocurrency wallets, including hot wallets (online software) and cold wallets (offline hardware devices).

6. Transactions: MBTC transactions are similar to Bitcoin, signed digitally with private keys and recorded on the blockchain.

In summary, the operating principles of MBTC are the same as Bitcoin, relying on blockchain technology, a decentralized network, and cryptographic security measures.