1. What is sph?

Spheroid Universe (SPH) is a cryptocurrency, and here is an introduction to its basic information:

• Project Background: Spheroid Universe is a virtual reality (VR) and augmented reality (AR) platform based on blockchain technology. The project aims to provide users with a decentralized virtual world where they can create, share, and experience virtual content.
• Technical Features: SPH uses blockchain technology to ensure the security and transparency of assets and transactions within its virtual world. The platform supports users in creating and trading virtual assets, including virtual land, items, and other digital assets.
• Application Scenarios: The application scenarios of Spheroid Universe include virtual reality games, social media, education, and business sectors. The platform aims to provide users with an immersive virtual experience and offers developers a platform to create and deploy virtual applications.

Please note that the specific technical details and application scenarios regarding SPH may change as the project develops. The information primarily focuses on SPH's price and market data, and the information provided is based on the characteristics of general cryptocurrency and blockchain projects.

2. Who founded sph?

According to the provided search results, there is no clear mention of the founders of Spheroid Universe (SPH). These results mainly focus on how to purchase SPH, SPH's price, and exchange information, without providing detailed information about its founders. Therefore, it is not possible to determine the founders of Spheroid Universe from these search results.

3. Which venture capital firms invested in sph?

Based on the provided information, here are the venture capital firms mentioned that have invested in cryptocurrencies or related projects:

1. Distributed Capital: As a partner of Wanxiang Blockchain Lab, they provided a donation support of $500,000 to the Ethereum Foundation.
2. Libertus Capital: Led the $7.5 million funding round for Sky Mavis, the company behind the NFT game Axie Infinity.
3. Blocktower Capital: Participated in Sky Mavis's $7.5 million funding round.
4. Konvoy Ventures: Participated in Sky Mavis's $7.5 million funding round.
5. Collab Currency: Its members Derek Schloss and Stephen McKeon participated in Sky Mavis's $7.5 million funding round.
6. Mark Cuban (owner of the Dallas Mavericks): Participated as an individual investor in Sky Mavis's $7.5 million funding round.

4. How does sph work?

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions but uses decentralized blockchain technology to record and verify transactions. Here are the basic operating principles of cryptocurrency:

1. Decentralization: Cryptocurrency is not controlled by any central authority or government. Transactions are peer-to-peer and anonymous, enabling higher privacy and security.

2. Blockchain Technology: Cryptocurrency employs blockchain technology to ensure the anonymity and security of transactions. The blockchain is a distributed public ledger that records all transactions on the network. It is maintained by a network of computers, making it difficult to alter or tamper with.

3. Cryptographic Techniques: Cryptocurrency uses advanced cryptographic techniques to ensure transaction security and prevent fraud and hacking.

4. Miners and Mining: The units of cryptocurrency are created through a process called mining, which involves using computing power to solve complex mathematical problems that generate coins.

5. Transactions and Wallets: Users can purchase currencies from brokers and then store and spend them using cryptocurrency wallets. Cryptocurrency transactions require a two-factor authentication process to ensure security.

6. Value and Volatility: The value of cryptocurrency is determined by market demand and supply, and it is highly volatile.

In summary, cryptocurrency achieves a decentralized digital payment system by using blockchain technology and cryptographic techniques to ensure the security and anonymity of transactions.