Through Miralab users can transfer and store cryptocurrency and also they can buy and sell it to other users within the network. Buying and selling cryptocurrencies is as simple as downloading a file and sending it to other users. This makes it accessible to anyone that has a basic level of technical experience. In fact, anyone can send cryptocurrencies in and out of the blockchain. The main element behind Miralab is that you can store multiple cryptocurrencies in a safe and protected off-chain wallet. The security level of Miralab’s wallet is very high than any of the exchange, wallet, or other third party storage. Thus, making it a good choice if users want peace of mind when sending your tokens to another user.
What Problems Are Present?
Miralab has examined the rate of when and how cryptocurrencies become popular among the world. For instance, Bitcoin who has exceeded its value tremendously within a few years and have gained attention from multiple parties. People who don’t have earlier history or skill of grasping complex calculations face difficult in participating to this growing crypto economy. For the average person, reading the whitepaper or understanding the history of an ICO might not be appealing to them. If anything, the complexity of cryptocurrencies and how they work might be a turn off for people who don’t have the technical experience behind it. Another issue is finding the right storage space for your cryptocurrencies after receiving them as it needs to make multiple wallets to save each token that users obtain.
How Does Miralab Solve Them?
Allowing the average person to store their cryptocurrencies and keep them in one location, Miralab provides a unique package. It does this by creating a software system where it’s designed as a box that has a file that stores important information about the cryptocurrency it’s supposed to hold.
Miralab consists of three different boxes which are prepared by a smart contract algorithm. They are as below.
• Nominal: Only one type of cryptocurrency is stored in a file.
• Multibox: Multiple cryptocurrencies are stored in a file for later usage.
• Smartbox: For smart contracts and has an inclusive protocol attached.
All these store cryptocurrencies and have custom limitations that can be set by the user to decide how the box functions.
Advantages of Mirabox
Ease of use - It is easy to transfer and store because it is a regular file that can be transferred outside of blockchain.
Security- Users can open the content only by knowing the password and meeting the smart contract conditions that can be added to MiraBox.
Transparency - User can check out what exactly inside a MiraBox by loading into MiraLab or MiraWallet. Key data is stored on the MiraNet blockchain. If you do not have a password or if you do not comply with smart contract conditions, you will not be able to access the content.
Anonymity - No any data about MiraBox’s creator consists in it and it can open anywhere in the world. You don't need to make an account or a wallet to buy or sell cryptocurrency packaged in MiraBox. The content will be fully hidden if you use a private MiraBox.
Fault Tolerance - Users can open MiraBox in the desktop or mobile version of the MiraWallet application if the Miralab.io domain is unavailable. MiraWallet will always be available for download on GitHub.
Openness - All the software has open source code that will be posted on GitHub.
Custom Smart Contracts - The possibility of adding MiraBox opening conditions according to a user's unique specifications (for example, not earlier than a specified date or after confirmation from a third party).
For More Details Visit :
Website : https://miralab.io/
Telegram : https://t.me/mirachat
Twitter: https://twitter.com/OfficialMiraLab
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1230529