1. What is era?

There is limited specific information about ERA cryptocurrency, but the following points can be gathered from the available data:

1. Supply: The total supply of ERA is 240 million ERA.

2. Basic Information: ERA is a type of cryptocurrency, but specific technical details, application scenarios, and issuing institutions are not clearly outlined in the provided materials.

3. Cryptocurrency Characteristics: Cryptocurrencies typically utilise blockchain and encryption technology, claiming "decentralisation" and "complete anonymity". However, they also face issues such as significant price volatility, low transaction efficiency, and enormous energy consumption.

4. Regulatory Environment: Cryptocurrencies face various regulatory environments in different countries, including anti-money laundering standards and licensing. China has stringent regulations on cryptocurrencies, prohibiting financial and payment institutions from trading or acting as central counterparties for Bitcoin and other cryptocurrencies.

The provided materials mainly focus on the price and regulatory environment of cryptocurrencies, rather than specific technology and applications of ERA, so further detailed information cannot be provided.

2. Who founded era?

According to the provided information, "Era Swap" (ES) was founded by Tarun Baur, not "Bitcoin Era". Tarun Baur is an experienced entrepreneur focused on results-oriented business plans and has a solid track record in banking and financial services, digital assets, IT-supported services, real estate, and telecommunications.

"Bitcoin Era" is an automated trading platform but does not provide specific information about its founders.

3. Which venture capital firms invested in era?

Here are some venture capital firms and projects that have invested in the cryptocurrency space:

1. a16z: Andreessen Horowitz (a16z) is a well-known venture capital firm that has invested in multiple cryptocurrency and blockchain projects, such as OpenSea.

2. Libertus Capital: Invested $7.5 million in Sky Mavis, the parent company of Axie Infinity.

3. Blocktower Capital: Participated in the early financing of Axie Infinity.

4. Konvoy Ventures: Participated in the early financing of Axie Infinity.

5. Collab Currency: Participated in the early financing of Axie Infinity.

6. Wanxiang Blockchain Labs: Early supporter of Ethereum's development, providing $500,000 in funding.

7. Distributed Capital: Collaborated with Wanxiang Blockchain Labs to support Ethereum's early development.

These companies provide crucial financial support for the development of the cryptocurrency and blockchain industry.

4. How does era operate?

The operation of cryptocurrencies is based on the following key aspects:

1. Decentralised System: Cryptocurrencies do not rely on central banks or government institutions for issuance and management, but instead use a distributed network to record and verify transactions.

2. Blockchain Technology: Cryptocurrencies utilise blockchain technology to record all transactions. The blockchain is a distributed public ledger that all participants can view and verify but cannot alter.

3. Encryption and Verification: Cryptocurrencies use encryption technology to secure transactions. Each transaction must be verified through encryption algorithms to ensure security and irreversibility.

4. Mining Process: Units of new cryptocurrency are created through a process known as mining. Miners use powerful computers to solve complex mathematical problems, verifying transactions and adding them to the blockchain.

5. Digital Wallets: Cryptocurrencies are stored in digital wallets, which users can use to send and receive cryptocurrencies.

6. Automated Trading Platforms: Some cryptocurrency trading platforms, such as Bitcoin Era, utilise artificial intelligence and advanced technologies to automate the trading process, providing a more efficient and secure trading experience.

In summary, cryptocurrencies operate through decentralised blockchain technology, encryption and verification processes, mining processes, and digital wallets, offering a secure, transparent, and efficient digital payment system.