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Micro Bitcoin (MBC) is a decentralized P2P payment platform for the microeconomics. MBC is a fork coin from the Bitcoin (BTC) blockchain, designed to be a fast, flexible and acceptable payment method for transactions between peers, traditional businesses, and customers.
Satoshi Nakamoto's original plan to create Bitcoin was to provide a decentralized payment system that is not controlled by any central legal rendering organization. However, due to issues of scalability, slow transaction times and high transaction costs, Bitcoin found that the application of micropayments was limited.
To achieve this original vision, we designed MicroBitcoin at a price of 10,000 times the total supply of Bitcoin at a lower unit price. However, to reflect this faster transaction speed, many difficulties must be faced, including lower fees and higher mining rewards. Thanks to outstanding contributors around the world like South Korea, the United States, and Ukraine, we have now achieved speed, transaction fees and reward policies, and coins have been developed. In addition, for the first time, we have implemented the new encryption algorithm LWMA-3 globally, thus completing tokens that can be used in the microeconomics with comprehensive security.
However, due to the unexpected exponential growth of user numbers and technological advancements, there is always a risk of threatening MicroBitcoin. We want to leave this task to the open source economy as everyone's homework. Since the concept of currency does not belong to anyone, we want MicroBitcoin to become the concept of new currency. This shows that no one can ask for authorization from the creator, which must be a new payment method for all participants who own and will contribute.
1. Agreement
The core of the MicroBitcoin (MBC) protocol enables MBC to send between peers in a truly decentralized way.
2. Interface
From CLI to API, applications are used to connect and utilize the layer of MicroBitcoin (MBC) protocol.
3. Application
Software that enables end users to conduct MicroBitcoin (MBC) transactions between peers in a decentralized manner.
4. Service
An entity that serves the end user using an application that trades using the MicroBitcoin (MBC) protocol.