1. What is Sauber?

Introduction to Sauber Cryptocurrency

Sauber cryptocurrency (SAUBER) is a form of cryptocurrency related to motorsports, specifically associated with the Alfa Romeo Racing ORLEN team as a fan token. This token is typically used for interaction with the team, participation in decision-making processes, and access to exclusive content, among other things.

• Background: Sauber cryptocurrency is a digital asset based on blockchain technology, designed to provide fans of the team with a new way to engage and support.
• Uses: Users holding SAUBER tokens can take part in the team's decision-making processes, gain exclusive content, participate in events, etc.
• Issuance Platforms: The SAUBER token is available on multiple cryptocurrency trading platforms, including Binance and MEXC.

Note: The cryptocurrency market is highly risky, with significant price fluctuations; investors should make cautious decisions.

2. Who founded Sauber?

The Alfa Romeo Racing ORLEN Fan Token (SAUBER) is not a cryptocurrency founded by an individual, but rather a fan token issued by the Alfa Romeo Racing ORLEN team. It is a digital token used for interacting with the team’s fans and participating in team activities, rather than being a cryptocurrency established by a specific person.

3. Which venture capitals invested in Sauber?

The provided information does not mention any venture capitals investing in the cryptocurrency "Sauber". The text mainly discusses the early development of Ethereum and the support of Xie Feng, CEO of WANxiang Blockchain Labs, for Ethereum, including a cash support of $500,000. If you are looking for investment information about the cryptocurrency "Sauber", you may need to search in other sources.

4. How does Sauber work?

The Operating Principle of Cryptocurrency

1. Decentralisation and Blockchain:

2. Cryptocurrency is based on blockchain technology, which is a decentralised ledger recording all transactions on the network.

3. The blockchain is maintained by a network of computers, rather than a central authority, making it difficult to modify or tamper with.

4. Transactions and Records:

5. Transactions are recorded on the blockchain, including information about participants, transaction time, location, etc.

6. Each block contains multiple transactions and is linked to the previous block via cryptographic hashes, forming a chain.

7. Consensus Mechanism:

8. The majority of participants in the blockchain network must reach a consensus on the recorded transactions before they can be added to the blockchain.

9. The consensus mechanism ensures the security and immutability of transactions.

10. Encryption and Security:

11. Cryptocurrencies use advanced encryption technologies to protect transactions and prevent fraud and hacking.

12. Transactions require a two-factor authentication process, such as username, password, and SMS verification code.

13. Mining and Creation of New Units:

14. New units of cryptocurrency are created through a mining process, which involves using computer power to solve complex mathematical problems.

15. Miners collect transactions into new blocks and permanently add them to the blockchain, and in exchange, they can earn a small amount of cryptocurrency.

16. Storage and Usage:

17. Cryptocurrency is stored in digital wallets, which can be online software (hot wallets) or offline electronic devices (cold wallets).

18. Users can buy and trade cryptocurrencies through exchanges or brokers.

In summary, cryptocurrency ensures its security and transparency through blockchain technology, consensus mechanisms, and encryption, making it a popular method of digital payment.