1. What is obsr?

Introduction to Cryptocurrency

Cryptocurrency is a type of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. Here are some key details about cryptocurrency:

1. Decentralisation: Cryptocurrencies are not controlled by any government or institution, using a distributed network to record transactions.

2. Blockchain Technology: Cryptocurrencies use blockchain technology to record and verify transactions. Blockchain is an advanced database mechanism that allows for transparent sharing of information within a network.

3. Immutability: Once recorded, transactions on the blockchain cannot be tampered with, ensuring security and transparency.

4. Consensus Mechanism: Blockchain systems use consensus mechanisms to ensure that participants in the network agree on the validity of transactions.

5. Cryptographic Algorithms: Cryptocurrencies employ cryptographic algorithms to secure transactions and control the creation of new units.

6. Mining: Some cryptocurrencies use mining to create new units, where miners solve complex mathematical problems to validate transactions and earn rewards.

7. Risks: Cryptocurrencies carry high risks due to significant price volatility and may be used for illegal activities, such as money laundering and fraud.

8. Regulation: Many countries have implemented regulations on cryptocurrencies; for instance, China has imposed a comprehensive ban on virtual currency trading to prevent financial risks and illegal activities.

In summary, cryptocurrency is a form of digital currency that uses cryptographic technology and blockchain to ensure security and transparency, but it also poses risks and regulatory challenges.

2. Who founded obsr?

According to the provided information, there is no direct information available regarding the founder of OBSR (Observer Coin). However, as described, OBSR is the native utility token of the Observer project, aimed at leveraging blockchain technology to create a crowdsourced micro-weather observation network that provides accurate weather information. These sources do not specify any particular founding information. Therefore, the founder of OBSR cannot be determined.

3. Which venture capitalists have invested in obsr?

According to the information provided, the following venture capitalists have invested in cryptocurrency-related projects:

1. Lightspeed: Invested in the first round of funding for Blockchain.com and has backed numerous other cryptocurrencies.

2. a16z: Invested in Solana and participated in the $314 million funding in June 2021.

3. Multicoin Capital: Deeply involved in investing in Solana and has achieved returns in the thousands of times.

4. Polychain Capital: Co-led Solana’s $314 million funding round with a16z.

5. Libertus Capital: Led a $7.5 million financing round for Sky Mavis, the parent company behind Axie Infinity.

6. Blocktower Capital: Participated in Sky Mavis’s $7.5 million funding round.

7. Konvoy Ventures: Participated in Sky Mavis’s $7.5 million funding round.

8. Collab Currency: Participated in Sky Mavis’s $7.5 million funding round.

This information indicates that multiple venture capital firms are actively involved in investing in cryptocurrency and blockchain technology.

4. How does obsr work?

OBSR (Observer Coin) is a utility cryptocurrency primarily used to facilitate transactions of crowdsourced weather data. Here’s a brief overview of how it works:

1. Data Collection: Users collect weather data (such as temperature, pressure, humidity, and particulate matter concentration) through devices like smartphones, mini weather stations, and cars.
2. Data Upload: Users upload the collected weather data to the Observer Foundation and, in exchange, receive OBSR tokens as a reward.
3. Data Verification: All uploaded weather data undergo quality control by meteorological experts and is managed using big data technology to ensure accuracy and credibility.
4. Data Trading: Data buyers can purchase OBSR from cryptocurrency exchanges to acquire weather data and obtain it through the Observer Foundation.
5. Decentralisation: OBSR is based on blockchain technology, ensuring the security and transparency of transactions, with all transaction records stored on a distributed ledger, making them hard to tamper with.

In summary, OBSR provides a practical cryptocurrency solution by facilitating the collection, verification, and trading of weather data.