Micro-payment and layer-2 tokenization platform, Microbitcoin (MBC), now available on Coinstore - the evolution of Bitcoin 2.0.
MicroBitcoin (MBC) is a cryptocurrency that serves as the foundational asset within its blockchain infrastructure, which includes both Layer-1 and Layer-2 components. Originating from a hard fork of Bitcoin's 525,000th block, MBC aims to maintain Bitcoin's original principles of decentralization and peer-to-peer economic systems while enabling new developments and use cases [1].
Layer-1: Securing the MicroBitcoin Blockchain
At the core, MicroBitcoin (MBC) acts as the native currency securing the MicroBitcoin blockchain, facilitating peer-to-peer transactions, and maintaining Bitcoin-like decentralization and security. MBC's block size is 300 KB, and its block time is 1 minute [1].
Layer-2 and Applications: Promoting Decentralized Innovation
While technical details specific to MicroBitcoin’s Layer-2 were not found, the ecosystem around MBC supports innovation projects like SatoshiMeme, which build on top of the MicroBitcoin Layer-1 chain. These projects leverage MBC's decentralized base to implement newer decentralized applications (dApps) and solutions aligned with peer-to-peer economics and knowledge sharing to benefit communities globally. This implies that MBC acts as the value and incentive mechanism both at the protocol and application layers, promoting scalability, community funding, and increased utility without compromising the base layer’s foundations [1].
Philosophical Continuity: Preserving Bitcoin's Original Vision
By hard-forking from Bitcoin, MBC aims to preserve and remind users of Bitcoin’s original purpose, promoting decentralization and peer-to-peer economic models [1].
Notable Features of the MicroBitcoin (MBC) Ecosystem
- Decentralized Token Tracking: MBC supports decentralized token tracking through OP_RETURN-based data embedding [1].
- Admin-Level Transactions: MBC is used for admin-level transactions like banning/unbanning tokens, updating fee addresses, and managing ecosystem rules [1].
- Custom Token Creation: Users can create custom tokens (fungible, NFTs, sub-tokens) on MicroBitcoin (MBC) [1].
- Protocol-Level Admin Address: A protocol-level admin address manages critical Layer-2 actions on MicroBitcoin (MBC) [1].
- Easy Full-Node Synchronization: MicroBitcoin (MBC) full-node synchronization is designed for global accessibility [1].
- Fair Block Reward Decay System: MicroBitcoin (MBC) employs a smooth block reward decay system for fairer distribution [1].
- CPU-Friendly Mining: MBC is rewarded to miners securing the network through a CPU-friendly Proof-of-Work algorithm [1].
- On-Chain Controls for Managing Token Ownership: MicroBitcoin (MBC) uses on-chain controls for managing token ownership [1].
- Upcoming Developments: The Satoshi Nakamoto Meme Token is soon to be launched on MicroBitcoin (MBC)'s Token Layer, and a Korean Won-pegged stablecoin is in development for the MicroBitcoin (MBC) ecosystem [1].
Availability on Coinstore
MicroBitcoin (MBC) is now listed on Coinstore, a leading global platform for cryptocurrency and blockchain technology, aiming to become the preferred cryptocurrency trading platform and digital service provider worldwide [2].
[1] Source: MicroBitcoin (MBC) official website: https://microbitcoin.org/ [2] Source: Coinstore official website: https://www.coinstore.com/
This article is intended to provide factual information only. Opinions and investment advice are not provided or implied.
- MicroBitcoin (MBC) acts as the native currency on its blockchain, securing the network, and facilitating peer-to-peer transactions.
- MBC's block size is 300 KB with a block time of 1 minute, promoting decentralization and security similar to Bitcoin.
- Innovation projects like SatoshiMeme are built on top of the MicroBitcoin Layer-1 chain, creating decentralized applications (dApps) and solutions.
- MBC employs a decentralized token tracking system through OP_RETURN-based data embedding, allowing for custom token creation and admin-level transactions.
- Protocol-level admin address and easy full-node synchronization enhance the accessibility and manageability of critical Layer-2 actions.
- MicroBitcoin (MBC) can be traded on Coinstore, a leading global platform for cryptocurrency and blockchain technology.