What is MicroVisionChain?
MicroVisionChain (SPACE) stands out as an innovative solution for scaling Bitcoin, utilizing the Bitcoin core code to create a highly secure and scalable blockchain ecosystem. By employing the UTXO model, MicroVisionChain aims to address the blockchain trilemma by balancing scalability, security, and decentralization. This blockchain project is designed for the Web3 era, integrating with Bitcoin to function as a leading sidechain.
At the core of MicroVisionChain is a proof-of-work (PoW) consensus mechanism that ensures reliable security while supporting highly parallel transactions. The native coin, SPACE, is crucial for the network's operation and can be obtained through proof-of-work or proof-of-build, incentivizing both miners and developers. This dual approach fosters a dynamic and participatory ecosystem.
The architecture of MicroVisionChain supports high-performance Layer-1 smart contracts and decentralized identification (DID) solutions, making it an ideal platform for developing extensive Web3 applications. Its partnerships and integrations with well-known organizations, such as Antpool and BitMart, further enhance its authority and reach within the blockchain community.
The recursive scalability capability of MicroVisionChain allows for the construction of infinite layers on the Bitcoin blockchain, ensuring continuous growth and adaptability. This innovative approach positions MicroVisionChain as a versatile and promising blockchain solution ready to meet the needs of future decentralized applications.
