1. What is BP?

The BP cryptocurrency (Beyond Protocol) is a decentralized cryptocurrency that utilizes distributed ledger technology to record transactions, addressing the double spending problem inherent in digital currencies. Here are its main features:

1. Decentralization: The BP cryptocurrency does not require a central counterparty to carry out transactions; all transactions occur on a distributed ledger, ensuring the security and transparency of the transactions.

2. Digital Peer-to-Peer Transactions: The BP cryptocurrency allows users to conduct direct peer-to-peer transactions without the need for banks or other intermediaries, which enhances the efficiency and convenience of transactions.

3. Distributed Ledger Technology: The BP cryptocurrency uses distributed ledger technology to record all transactions, ensuring the security and immutability of the transactions.

4. Protocols and Rules: The BP cryptocurrency unifies the motivations of all participants through a set of rules (protocols), ensuring the reliability and stability of transactions.

5. Risk Assessment: Risk assessment for the BP cryptocurrency can be conducted using market rating models, including fundamental models, liquidity risk models, and price risk models, helping investors understand their risk exposure.

In summary, the BP cryptocurrency is a decentralized digital currency based on distributed ledger technology, characterized by secure, transparent, and efficient transactions.

2. Who Founded BP?

According to the information provided, "BP" may refer to different entities:

1. Beyond Protocol (BP): This is a cryptocurrency, but specific information about the founder is not clearly mentioned in the search results provided.

2. BlitzPredict (BP): This is a sports betting exchange based on Augur, 0x, and Maker protocols, but again, specific information about the founder is not clearly mentioned in the search results provided.

3. BP PLC: This is a British oil company that is investing in blockchain technology, particularly the Vakt platform, but this is unrelated to the cryptocurrency BP.

Therefore, based on the information provided, it is not possible to determine the specific founder of the cryptocurrency BP.

3. Which Venture Capitals Have Invested in BP?

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

1. Blockchain Capital: Invested in several blockchain companies, including Bitt, Voatz, Symbiont, Ripio, etc.

2. Draper Associates: Invested in blockchain companies such as Coinbase, Ledger, Bitpesa, etc.

3. Fenbushi Capital: Invested in blockchain firms like Circle, Symbiont, and other related companies.

4. Node Capital: Invested in blockchain projects such as Huobi and Jinse Finance.

5. Digital Finance Group: Invested in bitcoin-related companies like Unocoin, Yours, Purse, SatoshiPay, etc.

6. Fan Cheng Capital: Invested in blockchain projects like Babit and BinanceCoin.

These firms have made multiple investments in the blockchain and cryptocurrency space, covering various areas such as exchanges, technology platforms, and financial services.

4. How Does BP Work?

Operation Principles of Cryptocurrency

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions; it records all transactions through a distributed public ledger called the blockchain. Here are its main operational principles:

1. Blockchain Technology: Cryptocurrencies use blockchain technology to record all transactions. The blockchain is a distributed public ledger maintained and updated by all participants.

2. Decentralization: The cryptocurrency system is decentralized, meaning there is no central authority to control and verify transactions. All transactions are verified and recorded by participants in the network (including miners and users).

3. Miners and Mining: The units of cryptocurrency are created through a process known as mining. Miners use computer power to solve complex mathematical problems, thus generating new units of cryptocurrency.

4. Transaction Verification: When a user conducts a transaction, the transaction information is broadcast to the network. Miners package this transaction information into a block and verify the validity of these transactions through mathematical calculations. The verified block is then added to the blockchain.

5. Consensus Mechanism: The cryptocurrency system uses a consensus mechanism to ensure all participants agree on the state of the blockchain. This mechanism is typically achieved through Proof of Work or other consensus algorithms.

6. Security: Cryptocurrencies use cryptographic techniques to secure transactions. All transactions require a two-factor authentication process to ensure their legitimacy.

In conclusion, cryptocurrencies operate through blockchain technology, decentralization, miners and mining, transaction verification, consensus mechanisms, and security measures. These features make cryptocurrencies a secure, transparent, and decentralized digital payment system.