About MicroBitcoin
MicroBitcoin is a cryptocurrency that is fully available for anyone because it is fully digital and open source. It is powered by the most scalable and advance Blockchain technology the power instant and private payments. 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. With Micro Bitcoin, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.
MicroBitcoin is a highly secure peer to peer decentralized cryptocurrency using the Script PoW/POS Algorithm with a self-regulated financial system which allows users to earn MicroBitcoin through Mining, Staking and by buying with Bitcoin, Ethereum and Bitcoin cash during the pre-sale phase and then via BTC only once the main investment portal is live. A sophisticated method of difficulty that re-targets every block. This currency is like the Dollar, but it is only available in the digital world.
The main mission of MicroBitcoin is 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.
MicroBitcoin Features
Some of the main features that are presented by this new are confirmations of transactions that are :
a. Proof of Stake
Proof of stake, or PoS, is a type of Algorithm by which a crypto currency Blockchain network aims to achieve distributed consensus. Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.
b. Proof of Work
Proof of Work, or POW, is the original consensus algorithm in a Blockchain network. This algorithm is used to conform transactions and produce a new block to the chain. The miners compete against each other to complete transactions on the network to get rewarded. A decentralized ledger gathers all the transactions on the block to the chain. The main working principle are a complicated mathematical puzzle and a possibility to easily prove the solution.
c. Scrypt Algorithm
In cryptography, Scrypt is a password based key derivation function created by Colin Percival. The algorithm was designed to make it costly to perform largescale custom hardware attacks by requiring large amounts of memory. In 2012, the algorithm was published by the IETF as an internet draft intended to become an informational RFC, but a version of Scrypt is now used as a proof of work scheme by cryptocurrencies like MicroBitcoin. Scrypt is a memory hard key derivation function, it requires a reasonably large amount of Random Ac-cess Memory to be evaluated. This makes implementation in special purpose custom hardware (ASICs) require more VLSI area, which would make it unprofitable tobuild for the purpose of mining Viacoins.
The requirement of Scrypt algorithm is a large array of pseudo random bits to be held in memory and a key that is derived from this. The algorithm is based on TMTO (Time-Memory Tradeoff). ASIC advantage in Viacoin is reduced by a factor of 10 compared to Bitcoin. Scrypt uses the following parameters to generate a derived key:
- Passphrase: String of characters to hash
- Salt: Random string provided to Scrypt functions
- N: Memory/CPU cost parameter
- P: Parallelization parameter
- R: Blocksize parameter
- dkLen: Intended length of the key derived key in ey in bytes kd = scrypt(P, S, N, P, R, dkLen)
MBC Token and ICO
A total of 25 Million MicroBitcoin coins will be minted. This is done via natural supply and demand and through general market fluctuations the price will rise and fall accordingly, but obviously, the more the demand, the more the coin will rise in price, giving all those holding MicroBitcoin an incentive to Stake from their wallets 10% per year on average.
An amount of 250,000 will be sold during the pre-ICO and 1,000,000 MBC tokens during the main Initial Coin Offering. The remaining tokens will be mineable.
Token Info
Token Name: MicroBitcoin
Token Ticker: MBC
Platform: Bitcoin
Total Token Supply: 25,000,000 MBC
Token for Sale: 1,250,000 MBC
Accepting: BTC
Min. Investment: $10 USD in BTC
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ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84