MicrovisionChain - Smart Contracts For Bitcoin $SPACE - Digital Assets & Crypto Currencies

MVC is a new blockchain that is designed to be compatible with Bitcoin and is quickly gaining popularity as the best option for developers looking to build on top of Bitcoin.

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1 BVM (Bitcoin Virtual machine)

MVC is a public blockchain that stands out from the rest, here are some of the best features:

High-performance UTXO Layer-1 smart contracts with low transaction fees and over 10,000 TPS.
Zero-confirmation: Transactions are instantaneous.
Seamless integration of Ordinals BRC-721 NFTs & BRC20 tokens
MetaID: Built-in DID solution that facilitates seamless data interoperability for Web3 applications
Scalability to support tens of millions of users with high concurrency
As the network grows, the transaction fee decreases. Low transaction fees on-chain are the basis for the popularization of large scale of Web3 applications.
A decentralized and secure architecture similar to Bitcoin
All of these features are available on Layer-1 of MVC, eliminating the need for Layer-2 or side chains.

As the network grows, the transaction fee decreases.

BVM (Bitcoin Virtual machine)

One of MVC’s unique features is its ability to provide a one-to-one implementation of Ordinals NFT & BRC20, with a total of 21 trillion satoshis in its ecosystem that is completely identical to Bitcoin.

This feature allows for a one-to-one correspondence between the Ordinals BRC-721 NFTs & BRC20 tokens on MVC and those on Bitcoin at a extremely lower cost. This opens up a whole new dimension for DeFi applications on the BTC ecosystem (BVM).

MetaTxID

MVC is a blockchain platform that uses a new transaction identification number generation method called MetaTXID. MetaTXID is a special type of transaction ID that is generated using a layered hash calculation method. This method allows for the tailoring of transaction data at different levels without affecting the hash verification of other parts of the transaction data. The same tailorable data in multiple transactions can be shared based on the same hash pointer, which improves the efficiency of data storage and transmission.

MetaTXID addresses the inefficiency of data reuse in blockchain technology by proposing a chain-up method that can layer-cut transaction data. When MetaTXID is applied to UTXO smart contracts, the contract can cut out other irrelevant data when verifying part of the target data in the historical transaction. This greatly reduces the amount of data required for contract verification and achieves functions such as lightweight data traceability.

MetaID

MVC has implemented a native distributed ID protocol called “MetaID” on its UTXO public chain. This distributed ID scheme serves as a fundamental protocol for Web3 applications. By utilizing the distributed ID protocol, the complexity and requirements for developing Web3 applications on MVC have been significantly reduced, paving the way for widespread adoption of such applications.

Simplified User Experience
User Data Control
User Ownership of Data
Interoperability Between Applications
Enhanced Development Efficiency
Support for Multiple UTXO Models

MetaContract

The MetaContract is a high-performance smart contract implemented on the UTXO (Unspent Transaction Output) public chain. It is the first smart contract of its kind to achieve true Turing-completeness. Compared to mainstream global state-based contract models, MetaContract offers several advantages:

Scalability: MetaContract allows for the parallel execution and verification of different UTXO contracts on MVC (Model-View-Controller) nodes.
Low Latency: MetaContract benefits from the zero-confirmation feature of MVC.
Safety: UTXO contracts in MetaContract have a chain dependency, ensuring a guaranteed execution sequence for transactions involving the same contract. This eliminates the possibility of Miner Extractable Value (MEV), which refers to miners taking advantage of the order of transactions to profit unfairly.
Security: The way UTXO contracts call each other differs from global state-based contracts, preventing security issues such as reentry attacks on MetaContract.

Tokenomics

Block interval: about every 10 minutes
Block Reward: 25 SPACE
Confirmation: ~10 minutes

Max Supply: 21,000,000 $SPACE
As of: (05/19/2023)
– Circulating Supply: 683,966
– Market Cap: $2,781,942
– Price: $4.07

The initial token launch date for SPACE is 26 Jan 2023. The max supply of $SPACE is capped at 21,000,000. Initial contributor’s supply is subject to three month cliff, with a 30 month vesting period (70,000 per month) and expected to be fully vested on 01 Sep 2025.

Initial contributor’s first token release is on 01 May 2023 including token release schedule from Feb 2023 to Apr 2023. However this portion 210,000 SPACE in total is for voting purpose only (No sale until 01 Jul 2025) with a vesting unlock period of 3 month from 01 Jul 2025 to 01 Sep 2025.