1. What is zet?

Introduction to Tokens

Tokens are a form of digital or virtual currency that utilizes cryptography to secure transactions. They do not rely on central banks or regulatory institutions but instead use a decentralized system to record transactions and issue new currency.

Features

1. Decentralization: Tokens are not controlled by any central authority; transaction records are maintained on a public distributed ledger (blockchain).
2. Cryptography: Cryptographic algorithms are used to protect the security and privacy of transactions.
3. Digital form: Tokens exist in the digital realm and can be traded over the internet.
4. Anonymity: Tokens transactions can be conducted anonymously, without requiring users to provide personal information.

Applications

1. Payments: Tokens can be used for online payments and transfers.
2. Investments: Tokens can serve as an investment tool, with price fluctuations that may yield profits or losses.
3. Cross-border transactions: Tokens facilitate cross-border transactions easily, avoiding the restrictions of traditional banking systems.

Risks

1. Price volatility: The price of tokens may fluctuate significantly, posing investment risks.
2. Security risks: Tokens transactions may be subject to hacking and theft.
3. Regulatory risks: Tokens may face government regulations and restrictions affecting their use and trading.

Global Regulatory Trends

1. China's comprehensive ban: The Chinese government has imposed a comprehensive ban on virtual currency trading and related services.
2. IMF concerns: The International Monetary Fund (IMF) is concerned about the risks and potential impacts of tokens and calls for enhanced regulation.

2. Who founded zet?

Based on the provided information, no specific founder information could be found. However, according to sources, Zetacoin is an open-source token based on the Bitcoin protocol, launched in 2013. Specific founder details were not mentioned in those sources.

3. Which venture capitalists invested in zet?

According to the provided information, no direct details could be found regarding specific investments in "zet". The provided links primarily discuss the funding situations of projects like Ethereum, Axie Infinity, and OpenSea, without mentioning "zet". If you need investment information about specific tokens, more background or specific project names may be necessary for a more accurate search. Here are some related investment details, but not involving "zet":

• Ethereum: Wanxiang Blockchain Lab and Distributed Capital provided a $500,000 donation to the Ethereum Foundation in December 2017.
• Axie Infinity: In May 2021, Sky Mavis completed a $7.5 million funding round led by Libertus Capital, followed by $150 million in April 2022.
• OpenSea: In March 2021, OpenSea completed a $23 million Series A funding round led by a16z, followed by a $100 million Series B funding round in July led by a16z.

If you need specific information about "zet", it is advisable to provide more context or conduct a more focused search.

4. How does zet operate?

Tokens operate based on blockchain technology, which is a decentralized distributed public ledger that records all transactions on the network. Here are the main operational principles of tokens:

1. Blockchain technology: Blockchain is an advanced database mechanism that allows for the transparent sharing of information across a corporate network. It stores data in blocks and links these blocks together to form a chain.

2. Decentralization: The blockchain network is decentralized, meaning that control and decision-making move from centralized entities to a distributed network. This decentralization reduces the need for trust between participants and prevents any participant from exerting power or control over others.

3. Immutability: Once a transaction is recorded in the shared ledger, it cannot be altered by any participant. If a recorded transaction contains an error, a new transaction must be added to correct the mistake, and both transactions are visible to the entire network.

4. Consensus: The blockchain system establishes rules for participants to reach consensus on recording transactions. New transactions can only be recorded if a majority of participants in the network agree.

5. Creation of Tokens: Tokens are created through a process called “mining,” which involves using computer power to solve complex mathematical problems that generate coins.

6. Transaction validation: Tokens nodes maintain the latest records within the blockchain network and continuously validate and approve new transactions. These nodes ensure that each transaction is executed correctly and processed effectively.

7. Tokens storage: Tokens are stored in encrypted wallets, which can be online software (hot wallets) or offline electronic devices (cold wallets).

In summary, tokens achieve decentralization, immutability, and consensus through blockchain technology, ensuring the security and transparency of transactions.