MicroBitcoin (MBTC) achieves 12 months in existence
February 14, 2019 5:31 pm,
Our world now has a huge number of cryptocurrencies and tokens, but they all face the same problems – scalability, rate jumps, duration of transactions and their high cost. At the same time, every second cryptocurrency sets its task to solve these problems – but most of them are still not successful. In this article, we will look at Micro Bitcoin and Ethereum Classic and see who has better managed to overcome the existing problems of cryptocurrencies.
MicroBitcoin (MBTC)is a revolutionary p2p decentralized cryptocurrency in existence with a strong market cap for 12 months.
What Is MicroBitcoin?
This is a cryptocurrency that is fully available for anyone because it is fully digital and open source. This token is hosted by thousands of users around the world forming a digital network. This means that you can make online payments using this company in any place of the world.
The main mission that MicroBitcoin has is, obviously, to become as successful as the original Bitcoin is. The company has created a token that is fully scalable and can help in the mass adoption of the cryptocurrency tokens in the more mainstream market.
Some of the main features that are presented by this new are confirmations of transactions that are considerably faster, double spend protection and upgraded anonymity. MicroBitcoin intends to be Bitcoin, just better. The company has opted for a self-governing and self-funding model that is fully open sourced and effective.
Video – About MicroBitcoin
More on MicroBitcoin system :
The project is a p2p decentralized network with its own Blockchain for MBTC cryptocurrency. MicroBitcoin provides mining using a hybrid Scrypt algorithm PoW/PoS with a self-regulating system that will allow all participants of the system to earn on mining. In total, it is planned to issue 25.2 million coins. Those users who will keep MBTC on their Micro wallets will be able to get about 10% on staking their wallet balance. At the same time, all users will remain anonymous, as expected in truly decentralized cryptocurrency systems.
A well-designed tokenomics gives reason to believe that MBTC will grow exponentially every month in price and attract new users. In addition, the development team has solved for the issue of scalability, in contrast to Bitcoin, where transactions stuck in time, and the commission increases because of the influx of users. Here, in MicroBitcoin, users pay commissions close to zero, and they will not increase significantly at peak loads. Through the use of a hybrid scrypt algorithm, all transactions in MicroBitcoin will be executed 25 times faster than in the classic Bitcoin.
The economics of the project is designed in such a way that users will be interested in mining, holding and using tokens. At the same time, the complexity of mining will be reviewed for each block.
The MicroBitcoin ICO began in February 2018 and ended in March 2018. After ICO the MBTC coin is traded on BiteBTC exchange at a price of 1.85$ as per the last traded price on the exchange. At BiteBTC MicroBitcoin (MBTC) can be traded against Bitcoin (BTC) and Ethereum (ETH).
Plans for the future :
Since the entire supply of coins is only 25.2 million units, it is assumed that the value of this cryptocurrency will increase exponentially. The project has a highly important task to speed up transfers between users and make them truly decentralized. There is no central server in Micro Bitcoin, so users will transfer funds to each other without an intermediary, quickly, completely anonymous, and with almost zero commission. This is a real p2p platform, with no intermediaries. Users will be able to choose whether they want to reveal their identity when making a payment.
The nearest plans for the future of the project are the listing of the Micro Bitcoin on other, larger exchanges. Due to the increased demand, the cryptocurrency will grow in price, which will continue to attract miners to the system and keep the network bandwidth at a high level. By 2020, the developers plan to start cooperation with cold wallet manufacturers and launch their own debit card. This will completely eliminate the need to turn to fiat money and will give users full control over their own capital.
MicroBitcoin returns us to the belief that cryptocurrency can really become a fast, cheap, convenient means of payment. MBTC is able to rid us of banks and revolutionize the industry.
For additional information, please visit
Microbitcoin’s website – https://www.microbitcoin.co/
MicroBitcoin’s Whitepaper – https://www.microbitcoin.co/wp-content/uploads/2018/08/Whitepaper-MicroBitcoin.pdf
MicroBitcoin’s Wallet – https://www.microbitcoin.co/micro_bitcoin_wallet/
Block Explorer – https://blockexplorer.microbitcoin.co/
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