1. What is hiblocks?

Hiblocks (HIBS) is a cryptocurrency, but specific introductory information is not detailed in the provided search results. Here are the basic details about Hiblocks:

• Name: Hiblocks (HIBS)
• Type: Cryptocurrency
• Trading Platforms: Hiblocks can be traded on several cryptocurrency exchanges, such as Binance and MEXC.

Since the provided search results mainly focus on price and market data, specific information regarding the detailed introduction and technical features of Hiblocks is not available.

2. Who founded hiblocks?

According to the provided search results, information about the founders of the cryptocurrency "HIBS" cannot be found. The search results mention "Hiblocks" (HIBS) as a cryptocurrency, but do not provide specific details about its founder(s). Other search results are unrelated to the founders of "HIBS". Therefore, it is not possible to identify the founder(s) of "HIBS".

3. Which venture capitals invested in hiblocks?

Based on the provided information, here are the mentioned venture capitals related to the cryptocurrency:

1. Wanchain Blockchain Lab: Donated $500,000 to the Ethereum Foundation before the launch of the Ethereum mainnet to support Ethereum's development.
2. Libertus Capital: Led a $7.5 million financing round for Sky Mavis, the parent company behind the NFT game Axie Infinity.
3. Blocktower Capital: Participated in the $7.5 million financing round for Sky Mavis.
4. Konvoy Ventures: Participated in the $7.5 million financing round for Sky Mavis.
5. Collab Currency: Participated in the $7.5 million financing round for Sky Mavis, with specific investors including Derek Schloss and Stephen McKeon.
6. Mark Cuban: As the owner of the Dallas Mavericks, participated in the $7.5 million financing round for Sky Mavis.

This information mainly stems from the article's description regarding the investment background of Ethereum and Axie Infinity.

4. How does hiblocks work?

Operation of Cryptocurrency

Cryptocurrency is a type of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. Here are its main features and how it operates:

1. Decentralization: Cryptocurrencies are not controlled by any central authority or government. Transactions are peer-to-peer and anonymous, allowing for greater privacy and security.

2. Blockchain Technology: Cryptocurrencies are based on blockchain technology, which is a distributed public ledger that records all transactions on the network. The blockchain is maintained by a network of computers and is difficult to alter or tamper with.

3. Encryption and Security: Cryptocurrencies use advanced encryption technologies to ensure secure transactions and prevent fraud and hacking attempts.

4. Transaction Process: Transactions are broadcast over the blockchain network and verified by participants in the network. Once verified, the transactions are recorded in a block and linked to the previous block through an encrypted hash, forming an immutable chain.

5. Mining: The creation of new blocks is achieved through a process called mining, where miners solve cryptographic equations to create new blocks and add them to the blockchain. As a reward, miners may receive a small amount of cryptocurrency.

6. Wallet and Storage: Cryptocurrencies are stored in digital wallets, enabling users to transact and manage their crypto assets through these wallets.

In summary, cryptocurrencies achieve secure, transparent, and decentralized transaction processes through blockchain technology and cryptographic algorithms.