1. What is mbtc?

Introduction to MBTC Cryptocurrency

MBTC is a cryptocurrency, but specific information is limited. Here is a general introduction to cryptocurrencies, based on the characteristics of Bitcoin:

1. Decentralization: Cryptocurrencies do not rely on central authorities to issue new currency and maintain transactions; instead, they are facilitated through blockchain technology.

2. Security: Cryptocurrencies use digital encryption algorithms and network-wide resistance to 51% attacks to ensure the safety of assets and transactions.

3. Anonymity and Privacy: Cryptocurrency transactions do not require personal information, and the blockchain does not store any personal details, although transaction information is public and traceable.

4. Irreversibility: Cryptocurrency transactions are irreversible, meaning that each transaction cannot be cancelled, protecting merchants from fraudulent chargebacks.

5. Mining: Cryptocurrencies are generated through a "mining" process, where users participating in block processing must invest significant time and computational power to obtain newly created coins.

The specific technical details and features of MBTC may differ from Bitcoin, but the above information provides a general overview of cryptocurrency characteristics.

2. Who created mbtc?

MBTC (MilliBitcoin) is not an independent cryptocurrency, but one of the units of Bitcoin (Bitcoin, BTC). 1 Bitcoin (BTC) equals 1000 MilliBitcoin (mBTC). Therefore, MBTC was not independently created by any individual or organisation; it is part of the Bitcoin system defined by Bitcoin's creator, Satoshi Nakamoto, during the design of Bitcoin.

3. Which venture capital invested in mbtc?

According to the available search results, there is no direct mention of which venture capital invested in the cryptocurrency MBTC. However, the following information may be relevant to your inquiry:

1. MBTC Launch on Ethereum Mainnet: Merlin Chain announced that users could bridge MERL and MBTC directly from Merlin Chain to the Ethereum Mainnet and provide additional incentives to boost liquidity.

2. BTC-LST Ecosystem: The article discusses the market share and distribution of BTC-LST (such as LBTC, pumpBTC, solvBTC, etc.), but does not specify particular investors or venture capital firms.

If you require more specific information, please provide additional context or refine your query.

4. How does mbtc work?

MBTC (MilliBitcoin) is a subunit of Bitcoin (Bitcoin), where 1 MBTC equals 0.001 BTC. As part of the cryptocurrency ecosystem, the operation of MBTC is similar to Bitcoin and primarily relies on blockchain technology. Here are the key points of its operation:

1. Blockchain Technology: MBTC operates on the Bitcoin blockchain, which is a distributed public ledger that records all transactions.

2. Transaction Verification: Transactions are verified through a proof-of-work (PoW) mechanism, requiring miners to use computers to solve complex mathematical problems to generate new blocks.

3. Decentralization: MBTC does not depend on a central authority for issuance or management but operates through a decentralised network for transactions and recording.

4. Security: Blockchain technology ensures transaction security and immutability through encryption and consensus mechanisms.

5. Storage: MBTC can be stored in cryptocurrency wallets, including hot wallets (online software) and cold wallets (offline hardware devices).

6. Transactions: MBTC transactions are similar to Bitcoin, requiring digital signatures using private keys and recording on the blockchain.

In summary, the operational principles of MBTC are the same as Bitcoin, relying on blockchain technology, a decentralised network, and cryptographic security measures.