1. What is KATA?

Introduction to KATA Cryptocurrency

Katana Inu (KATA) is a cryptocurrency with specific details as follows:

• Name: Katana Inu
• Symbol: KATA
• Type: Cryptocurrency
• Major Market Performance: Katana Inu is traded on major cryptocurrency exchanges such as MEXC and Binance.

Due to the nature of cryptocurrencies and market volatility, the price and market cap of Katana Inu can change at any time. Currently, there is no detailed information available regarding its specific uses and technical details.

Note: Trading and holding cryptocurrencies may involve risks, including price fluctuations and legal risks. For instance, China has imposed a complete ban on virtual currency trading, including the provision of services by overseas virtual currency exchanges to residents in China. Therefore, investors should exercise caution and understand the relevant laws and risks involved.

2. Who founded KATA?

Based on the search results provided, no information was found regarding the founders of the cryptocurrency Katana Inu (KATA). The results mainly offered information about KATA's price, conversion tools, and market data, but did not mention its founders. For more information, it is recommended to conduct further searches or visit the official website or social media platforms of Katana Inu.

3. Which venture capitalists invested in KATA?

According to the available information, the text does not mention any investment institutions that have invested in the cryptocurrency "KATA." The investments mentioned in the text primarily involve the following projects:

1. Ethereum: Wanxiang Blockchain Lab provided support of $500,000.
2. Axie Infinity: Libertus Capital, Blocktower Capital, Konvoy Ventures, Derek Schloss from Collab Currency, Stephen McKeon, and Mark Cuban, owner of the Dallas Mavericks, participated in a funding round of $7.5 million.
3. OpenSea: Numerous angel investors, including a16z, Cultural Leadership Fund, Ron Conway, Mark Cuban, Tim Ferriss, Belinda Johnson, Naval Ravikant, and Ben Silbermann, participated in a Series A funding of $23 million and a Series B funding of $100 million.

There is no information indicating that any investment institutions have invested in the cryptocurrency named "KATA."

4. How does KATA work?

Cryptocurrency is a form of digital or virtual currency that uses cryptographic techniques to secure transactions and control the creation of new units. Here are the basic operational principles of cryptocurrency:

1. Decentralised System: Cryptocurrencies do not rely on central institutions or banks to validate transactions. Instead, they use a distributed public ledger (blockchain) to record all transactions.

2. Blockchain Technology: Blockchain is an advanced database mechanism that allows information to be shared transparently across business networks. It stores data in blocks and links these blocks in a chain, ensuring the immutability and security of data.

3. Transaction Records: Each transaction is recorded on the blockchain, including details of the entities involved, transaction time, location, and other specifics.

4. Consensus Mechanism: The majority of participants in the blockchain network must reach a consensus on the recorded transactions, ensuring their legality and security.

5. Cryptographic Techniques: Cryptocurrencies use public-key cryptography to uniquely identify participants in the network, and cryptographic hashing to link blocks together, preventing data tampering.

6. Mining Process: The creation of new blocks occurs through a process called mining, which involves using computer power to solve complex mathematical problems. Successful miners can earn a small amount of cryptocurrency as a reward.

7. Storage and Use: Cryptocurrencies are stored in digital wallets and can be purchased and traded through exchanges or brokers.

In summary, cryptocurrencies achieve secure, transparent, and decentralised transactions through blockchain technology and cryptographic algorithms.