💥Good friends, I greet everyone on my blog! Today I will tell you about a very interesting ICO project. We will discuss how Micro Bitcoin is implementing blockchain technologies in the decentralized industry, and we will also talk in detail about the details of the ICO.
🚀MicroBitcoin is a digital currency forked from Bitcoin that enables micro-payments to anyone, anywhere in the world. MicroBitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. MicroBitcoin is the name of open source software which enables the use of this currency. The current application for microbitcoin is already in process and will be introduced to the wider community to become the first application in cryptocurrency at this time
- Micro Bitcoin (MBC) is a decentralized peer-to-peer (P2P) payment platform for the micro-economy. It is intended to be a means-of-payment coin, created (forked) from the Bitcoin (BTC) blockchain, and is designed to be used as a fast, flexible and acceptable method of payment which can be used between peers and between traditional businesses and their customers. Satoshi Nakamoto’s original plan for creating Bitcoin was to provide a decentralized system of payments which was not under the control of any centralized fiat-rendering organization. However, Bitcoin has found limited application for micro-payments because of the problems of scalability, slow transaction times and high transaction costs. An effective blockchain-based payment solution has to be cheap to use and provide near-instant settlement of transactions for value to be delivered. This is where Micro Bitcoin comes in. The vision of the team behind Micro Bitcoin is to fulfill Nakamoto’s original vision of creating a true Peer-to-Peer electronic-cash system for the micro-economy.
- Team Microbitcoin aims to encourage micro-payments for Bitcoin holders by providing a secure and sustainable open source community and ecosystem of users, developers and miners by means of a hardfork of the Bitcoin blockchain, and is designed to be used as a fast, flexible and acceptable method of payment which can be used between peers and between traditional businesses and their customers.
- The forking process allows it to retain usage of a distributed ledger, while still providing the flexibility that is required to perform transactions at the micro-level without the hurdles of expensive fees and slow confirmations. Micro Bitcoin would be a beneficial complement to the Bitcoin blockchain and thus the cryptocurrency realm. It is not designed to replace Bitcoin, but to create a variation that can complement Bitcoin and rely on its strong foundation to support a specific purpose in the cryptocurrency community.
Total Supply Block Reward be applied to block rewards. With Bitcoin transactions currently being done at 12.5 BTC per block (at an interval of ten minutes per block) we can formulate that:
Proof Of Work
SegWit has proven to be a success in increasing the speed of transactions and Micro Bitcoin should continue with this advancement of the tech to provide the necessary transaction speeds for everyday usage and maximum speed of adoption in the micro-economy.
Block Size and Interval
be applied to block rewards. With Bitcoin transactions currently being done at 12.5 BTC per block (at an interval of ten minutes per block) we can formulate that:
So miners would get more rewards of MBC in relation to BTC for each block mining cycle.
- Replay Protection is the generalized term used in describing techniques for prevention of replay attacks. Replay attacks are defined as fraudulent or malicious duplication or delay of validly transmitted data within the blockchain. If you have a main chain and a forked chain, it exposes the data transmitted on one chain to fraudulent duplication on the other chain. But replay protection makes such transactions only valid on the chain that the sender intended and renders invalid any malicious duplication of such data on another chain. In other words, data validly sent on chain X will not be valid on chain Y and vice versa. As this is an essential security measure, it’s a necessary implementation going forward.
Currently, you can download this wallet for different versions of the Linux system and for Windows.
💥Check out this project in more detail, by watching this video:
💥Why is it worth supporting this project: My username bitcointalk: DemonBit
My profile bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1294359
My Micro Bitcoin wallet address:Bjfdgs9dBqTxDCKN37oLJGBY5uK4q6KQTQ
💥Why is it worth supporting this project:
My username bitcointalk: DemonBit