MicrovisionChain

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MicroVisionChain (MVC) addresses the blockchain trilemma by marrying the UTXO model with PoW consensus to achieve high scalability, security, and decentralization. Backed by MVC Labs, MVC leverages decades of research and innovation in blockchain technology. Key features include the use of $SPACE, the native token, for transaction fees, contract execution, and on-chain storage. MVC aims to be a foundational layer-1 blockchain capable of supporting large-scale Web3 applications, providing high-performance smart contracts and DID solutions to facilitate the development of advanced decentralized applications.

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FAQ

What is MicroVisionChain (MVC) and its primary purpose?

MicroVisionChain (MVC) is a blockchain project designed to address the blockchain trilemma by enhancing scalability, security, and decentralization. Its primary purpose is to support large-scale Web3 applications by combining a UTXO-model public blockchain with Proof-of-Work consensus, high-performance Layer-1 smart contracts, and Decentralized ID (DID) solutions. MVC aims to be the foundational layer for efficient and scalable Web3 development.

How does MicroVisionChain improve scalability compared to other blockchains?

MicroVisionChain improves scalability by utilizing the high-concurrency features of the UTXO-model, which has been validated over a decade. Combined with a robust Proof-of-Work consensus and Layer-1 smart contracts, MVC allows efficient processing of transactions at scale. This setup helps in managing large volumes of Web3 applications while maintaining security and decentralization.

What is unique about MicroVisionChain's blockchain technology?

The uniqueness of MicroVisionChain lies in its integration of UTXO-model public blockchain technology based on the proven Proof-of-Work consensus. This combination is optimized for scaling, leveraging high-concurrency capabilities. Furthermore, MVC incorporates advanced high-performance Layer-1 smart contracts and decentralized identifier (DID) solutions, positioning it as an ideal platform for large-scale Web3 applications.

What role does the $SPACE token play in the MicroVisionChain ecosystem?

The $SPACE token is integral to the MicroVisionChain ecosystem, serving multiple purposes. It is used for transaction fees, running smart contracts, and on-chain storage. Additionally, $SPACE represents available resources on the chain, enabling efficient transactions and smart contract executions. This multifunctionality positions $SPACE as a vital component of MVC's blockchain network.

Who are the key contributors to the MicroVisionChain project?

MicroVisionChain is backed by MVC Labs, a team of global experts and scientists with extensive blockchain scaling research experience. The team includes individuals adept in big blocks, node engineering, and data services. MVC Labs has pioneered research results like MetaTXID, MetaID, and MetaContract, signifying their expertise in building scalable blockchain infrastructures.

What are some common uses and applications for MicroVisionChain?

MicroVisionChain is intended for broad Web3 applications, supporting massive scaling with a reliable framework. Its use cases span decentralized applications, identity solutions using DID technology, and efficient transaction and contract executions. MVC's ecosystem enables developers to create robust and scalable Web3 applications while maintaining high levels of security and decentralization.

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