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What is HORD

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1. What is HORD?

HORD is a type of cryptocurrency, but there is no direct introductory information in the provided search results. However, based on the general characteristics of cryptocurrencies and descriptions from exchanges, it can be summarised as follows:

  1. Basic Concept of Cryptocurrency: Cryptocurrency is a decentralised digital currency that uses peer-to-peer networks and blockchain technology for transactions and record-keeping.

  2. HORD Trading: HORD can be traded on cryptocurrency exchanges, such as MEXC. These exchanges allow users to exchange HORD with other cryptocurrencies or fiat currencies.

  3. Features of Exchanges: Cryptocurrency exchanges can act as market makers or purely commission-taking pairing platforms. They can be physical businesses or online services, accepting various payment methods to exchange cryptocurrencies.

  4. Security and Regulation: Security and regulation of cryptocurrency exchanges remain pressing issues. Some exchanges may be vulnerable to hacking, leading to loss of funds. Regulatory authorities are continuously working to improve oversight of cryptocurrency exchanges.

In summary, HORD, as a cryptocurrency, can be traded on exchanges, but specific introductory information is not clearly mentioned in the provided search results.

2. Who founded HORD?

The HARD Protocol (HORD) is the world’s first cross-chain currency market developed by the Kava team. It is based on the Kava blockchain and aims to provide cross-chain lending services for mainstream assets like BTC, XRP, BUSD, and others. Therefore, the founders of the HARD Protocol are the Kava team, not an individual.

3. Which venture capital firms have invested in HORD?

According to the provided information, the following venture capital firms and projects are involved in cryptocurrency investment:

  1. Multicoin Capital: Deeply involved in investments in Solana, achieving thousands of times the return on investment.
  2. a16z: Invested in Solana and participated in the $314 million funding.
  3. Polychain Capital: Co-led Solana's $314 million funding round alongside a16z.
  4. Libertus Capital: Led the funding for Sky Mavis, the parent company behind Axie Infinity.
  5. Blocktower Capital, Konvoy Ventures, Collab Currency: Participated in the funding for Sky Mavis.
  6. Three Arrows Capital: Invested in high-profile blockchain projects like Solana and Axie Infinity, participating in early investments in Terra.

This information primarily comes from related articles, providing specific details about cryptocurrency investments.

4. How does HORD work?

HORD is a decentralised digital currency based on blockchain technology, designed to provide a secure, fast, and anonymous trading experience. The following are the fundamental principles of HORD cryptocurrency operation:

  1. Decentralisation: HORD does not rely on a central authority to issue new money or maintain transactions; rather, it's completed by the blockchain using digital encryption algorithms and a network-wide resistance to 51% attacks to ensure the security of assets and transactions.

  2. Blockchain Technology: HORD uses blockchain as the underlying technology, achieving transaction confirmation and verification through a proof-of-work mechanism that solves a series of computational problems.

  3. Transaction Records: Transaction records are maintained by all network computers, and the validity of each transaction must be verified and confirmed by the blockchain.

  4. Security: The security of HORD relies on the proof-of-work mechanism of blockchain, which makes it impossible for attackers to rewrite or modify transaction history unless they have relatively greater computing capability compared to the HORD network system.

  5. Anonymity: HORD transactions can be kept anonymous, as users can generate and own many different addresses and use these addresses in various transactions, with outsiders unable to discern the connections unless the users disclose them or link them with other information.

Overall, the operational principles of HORD cryptocurrency are similar to other blockchain-based cryptocurrencies like Bitcoin, achieving secure, fast, and anonymous trading experiences through decentralisation, blockchain technology, and proof-of-work mechanisms.

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