Odaily - Big shot-out

GM SPACE EXPLORERS

There was an article on Odaily, a popular crypto media outlet in China. 

Here is the summary, and I will provide the link to the full article for those who wish to read it in its entirety.

The article describes the flourishing development of various Bitcoin ecosystem protocols and applications following the spring of the Bitcoin ecosystem initiated by Ordinals. These protocols, such as BRC-20, Atomicals, and Rune, are directly integrated into the Bitcoin network. However, due to limitations of the Bitcoin network, supporting large-scale application development and adoption has been challenging. Bitcoin network transaction fees even surpassed 500 sats/vB at one point, resulting in manufacturing costs reaching several million dollars for many popular tokens.

With Bitcoin halving imminent, enthusiasm and demand for Bitcoin ecosystem development are increasing. It's imperative for the market to have an effective and practical scaling solution to maintain ecosystem development and operational needs while supporting long-term Bitcoin network operation through transaction fees. Imagine a network that combines the security and features of the Bitcoin network while being capable of handling high transaction volumes, enabling developers to create mass-market applications and realizing the potential of the Bitcoin ecosystem on a global scale.

MVC (MicrovisionChain) is one of the few Bitcoin extension solutions that manages to be compliant with Bitcoin in several aspects, including the UTXO model, consensus algorithm, and 1:1 token quantity ratio. This allows for seamless migration of users, developers, and miners from the Bitcoin network to MVC. Compared to other scaling solutions, compatibility-based scaling has several significant advantages:

High asset and ecosystem compatibility: Specific assets can freely circulate between sidechains and Layer 2 based on their underlying design. MVC supports the transfer of Bitcoin as well as a range of assets like BRC-20 tokens. This ecosystem compatibility enables quick migration and user onboarding, fostering rapid user base growth.

Seamless user experience: Users can manage their assets on the Bitcoin network and its scaling solutions using the same pair of private keys and management tools. The high adaptability of the infrastructure allows for disruption-free migration between the main Bitcoin network and scaling solutions.

Scalable consensus algorithm security: By using a Bitcoin-compliant solution, MVC can leverage Bitcoin's SHA-256 mining algorithm. Thus, many miners from the Bitcoin network can migrate to the new network, potentially becoming security guardians for sidechains and Layer 2 solutions.

In summary, MVC addresses the fundamental needs of the Bitcoin ecosystem by providing a secure and scalable scaling solution while maintaining compatibility with the main Bitcoin network.

LINK FOR THE FULL ARTICLE

JACQUES - SPACE EXPLORER