Interview with Cointelegraph

Author

JACQUES DEBRIE
December 10, 2023

Exciting news!

Here's a summary of Jason Kwok COO MVC interview with Cointelegraph:

MicroVisionChain (MVC) Announces Major Innovations for 2024

In a significant breakthrough for the blockchain world, MicroVisionChain (MVC) has unveiled plans to launch a decentralized exchange (DEX) based on BRC-20 tokens in the first quarter of 2024.

This move signifies a key step in making Bitcoin more broadly applicable and user-friendly.

MVC's Chief Operating Officer, Jason Kwok, has revealed that the DEX will enable a 1:1 mapping relationship with Bitcoin, thereby facilitating the creation of parallel Bitcoin assets on the MVC sidechain.

This innovation aims to bypass the high transaction fees typically associated with deploying DApps on the Bitcoin mainnet.

Moreover, sharing the underlying architecture of Bitcoin, MVC allows for the use of the same mnemonic phrases and receiving addresses, significantly simplifying the user experience.

In line with the collaborative spirit of the Bitcoin ecosystem, MVC stands out for not having specific founders or a corporate headquarters, positioning itself as a collaborative endeavor involving various development teams.

The project doesn't stop there. For 2024, MVC is also focusing on developing a meta-contract integrated development environment (IDE), which would ease the migration of DApps from the Ethereum Virtual Machine (EVM) to MVC's Bitcoin sidechain.

This innovative IDE is designed to compile TypeScript into op_code language, a crucial element in developing MVC smart contracts and expanding Bitcoin Virtual Machine (BVM) applications.

Lastly, MVC aims to integrate Turing-complete smart contracts into the Bitcoin architecture, marking a significant advancement in the functionality and accessibility of the Bitcoin blockchain.

Stay tuned for these exciting developments that could redefine Bitcoin's use in the decentralized finance (DeFi) ecosystem!

JACQUES - SPACE EXPLORER