1. What is BC?

Introduction to BC Cryptocurrency

1. Bitcoin Confidential (BC):

2. Overview: Bitcoin Confidential is a type of digital cryptocurrency that utilizes confidentiality technology, dedicated to providing user privacy and security. It is built on the foundation of Bitcoin blockchain technology but has taken many improvements to ensure user privacy.

3. Technical Features: It uses advanced cryptographic methods such as Ring Signature and Zero Knowledge Proof to make transactions anonymous and untraceable. This means that during a transaction, the sender, receiver, and transaction amount are protected and not exposed to anyone.

4. Bitcurrency (BC):

5. Overview: Bitcurrency is a PoS-based cryptocurrency, with a total supply of 27,459.4 million BC.

Note: The above information only introduces two different cryptocurrencies, namely Bitcoin Confidential and Bitcurrency, both of which have distinct features and application scenarios.

2. Who Founded BC?

According to the information provided, there are various cryptocurrencies that use "BC" as an abbreviation, leading to confusion. Below is the explanation based on search results:

1. BitCurrency (BC): According to various sources, BitCurrency is a PoS-based cryptocurrency, but no specific founder is mentioned.

2. Bitcoin Confidential (BC): Based on various sources, Bitcoin Confidential is a digital cryptocurrency that emphasizes confidentiality and privacy. It was created by the SmartCash team, which consists of experienced blockchain developers and experts.

Therefore, if it refers to "Bitcoin Confidential (BC)", it was created by the SmartCash team.

3. Which Venture Capitalists Invested in BC?

According to the information provided, the following venture capital and financial institutions are collaborating with BC Technology Group (00863):

1. SC Ventures: The innovation investment division of Standard Chartered Bank, which is partnering with BC Technology Group to establish digital asset brokerage and trading platforms, serving institutional and corporate clients in the UK and Europe.

2. DBS Bank: Signed a service agreement with BC Technology Group's wholly-owned subsidiary BC Market Place (HK) Limited to provide technical services.

3. Interactive Brokers: Collaborated with BC Technology Group to launch digital asset trading services in Hong Kong through the OSL platform.

4. Yucheng Technology and Gold Co., Ltd. (Yucheng Technology): Entered into a strategic cooperation plan with BC Technology Group to jointly create an end-to-end digital asset financial service ecosystem.

These partnerships indicate that BC Technology Group has established collaborations with multiple financial institutions and venture capital firms to promote the development of digital asset trading services.

4. How Does BC Work?

How BC Cryptocurrency (Bitcoin Confidential) Works:

1. Underlying Technology: Bitcoin Confidential is built on the foundation of Bitcoin blockchain technology but has been improved to ensure user privacy.

2. Privacy Protection: It employs advanced cryptographic methods such as Ring Signature and Zero Knowledge Proof to ensure that transactions are anonymous and untraceable. This means that during a transaction, the sender, receiver, and transaction amount are protected and not exposed to anyone.

3. Consensus Algorithm: It utilizes a distributed consensus algorithm known as Proof of Stake v3.0 (PoS v3.0). This algorithm allows users holding Bitcoin Confidential to verify and confirm the validity of transactions by holding and locking a specific amount of coins. This not only helps to reduce energy consumption but also enhances the scalability and security of the network.

4. Transaction Features: Bitcoin Confidential provides higher security and anonymity, offering a more private trading environment for individuals and businesses, protecting their financial privacy and trade secrets. Furthermore, Bitcoin Confidential boasts faster transaction confirmation speeds and lower transaction fees, making it a practical digital currency.

Overall, Bitcoin Confidential creates an anonymous and convenient trading experience for users by providing higher privacy protection and security.