1. What is beat?

Introduction to BEAT Cryptocurrency

BEAT is a type of cryptocurrency, with specific information as follows:

• Total Supply of Tokens: The total supply of BEAT tokens is similar to fully diluted shares in the stock market, but the exact number may not be provided or verified.
• Trading Platforms: BEAT can be purchased and traded on multiple cryptocurrency trading platforms, such as Binance and Bitget.
• Real-time Information: The real-time price and trading volume of BEAT can be viewed on trading platforms, but this information is price-related and not covered in this introduction.

Note: This introduction does not cover price-related information and only provides basic cryptocurrency information.

2. Who founded beat?

According to the provided information, the founder of BEAT coin is Garth Howat, a successful entrepreneur passionate about Fintech and Blockchain, committed to bringing the advantages of Cryptocurrency to the global banking industry.

3. Which venture capital firms invested in beat?

According to the provided information, the following venture capital firms have invested in projects in the cryptocurrency space:

1. a16z: Led a $450 million financing round for Yuga Labs (the parent company behind BAYC).
2. Polychain Capital: Participated in an $18 million funding for Babylon and led a $50 million financing for the Ethereum scaling project Scroll.
3. Paradigm: Participated in the $400 million Series A funding for FTX US and led a $70 million new funding round for Babylon.
4. Sequoia Capital India: Co-led a $5 million seed funding round for STEPN with Folius Ventures.
5. Framework Ventures, Polygon Ventures, OKX Ventures, IOSG Ventures: Participated in the $18 million funding for Babylon.
6. Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, Qiming Venture Partners: Participated in the $50 million funding for the Ethereum scaling project Scroll.
7. Standard Crypto, eGirl Capital, Mechanism Capital: Participated in a $20 million funding for the Optimistic Rollup-based L2 network Blast.

These venture capital firms' investments in the cryptocurrency space cover various areas such as NFTs, DeFi, and infrastructure.

4. How does beat operate?

Bitcoin is a decentralized digital currency that operates without needing financial systems or government institutions. Here are the basic ways Bitcoin operates:

1. Transaction Records: Bitcoin uses peer-to-peer transmission over a digital network to record all cryptocurrency transactions. These transactions are recorded in a distributed ledger known as the blockchain.

2. Blockchain: The blockchain is an open-source code that links transaction histories to prevent manipulation. It is distributed across multiple computers and systems within the network, with each system (node) maintaining a copy of the blockchain. Whenever a verified change occurs in the blockchain, each copy is updated.

3. Mining: Mining is the process of validating transactions, which requires miners and rewards them with Bitcoin. Miners validate the validity of transactions by examining historical transaction records related to the payer on the blockchain.

4. Wallets and Keys: Users access their Bitcoin using wallets, public keys, and private keys. The private key is used to confirm Bitcoin exchanges between wallets, enhancing security.

5. Transaction Fees: Bitcoin users pay a small transaction fee in Bitcoin to miners to process their transactions.

6. Decentralization: Bitcoin eliminates the need for central service providers, such as governments and banks, to verify currency transactions, as transfers are directly confirmed between users and recorded on a shared public ledger.

In summary, Bitcoin operates through blockchain technology, the mining process, and a decentralized network structure.