Macau, China , Jan. 27, 2024 (GLOBE NEWSWIRE) -- MicroVisionChain (MVC), a high-performance Bitcoin layer 2 chain, is celebrating its first anniversary since the mainnet launch. MVC, which utilizes UTXO and PoW consensus, is renowned for its high performance, low fees, and decentralization. Its native coin, SPACE, is a top 3 PoW chain in terms of hash rate and uses the same SHA256d mining algorithm as Bitcoin, making Bitcoin ASICs usable for mining space.
A Year of Milestones
MVC's journey began with a fair launch on January 26, 2023, with no presale, VCs, ICO, IDO, or IPO. It's a purely community-driven project.
Key Development Milestones: - UTXO layer 1 Turing complete Smart Contract - Revolutionary BVM (Bitcoin Virtual Machine) - 1:1 Satoshi Mapping soon to act as a Bitcoin Sidechain - Node upgrade (Jul 2023) for enhanced performance - Lightning-fast 10,000+ TPS and instant transaction speed thanks to zero confirmation technology. - $0.01 gas fees paid with $SPACE, paving the way for Bitcoin micropayments. - MVC-20 - The first free-mint protocol built on Bitcoin sidechain - UTXO layer 1 on-chain DAO voting contract
Key Ecosystem Achievements: [By various DAO developers] - Orders_exchange - Mvcswap - MVCbridge to OP, ARB & ETH - Three types of wallets across [IOS, Android and Chrome] - MVCscan & Indexer upgrade - Show3: A decentralized discord with NFT Market and Metaname
- Token-2049 partnership with CoinW - Successfully completed audit - Launched three DEX RocketXexchange, MVCswap & OrdersExchange - Integrated AI bot with PaalMind
DAO Progress: - Established DAO constitution - Formed Committee and DAO positions - Media coverage on Cointelegraph, Bitcoin.com and various western media around 6 months - Media coverage on Odaily [Eastern Exposure] - Two more Top 5-10 CEX listings coming in 2024 Q1
Looking Ahead In February 2024, MVC will focus on "Building Together," which includes drafting builder grants proposal for committee review and amendment advise + Public notification (4 - 5 days), On-Chain Proposal (7 Days), and kickstarting the Builder Grant Program.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Jason Kuok
MicroVisionChain
partnerships at microvisionchain.com
