If you look at the cryptocurrency market, there is no doubt that Bitcoin is the king of the cryptos. That is probably why we have so many companies with Bitcoin in their names and Micro Bitcoin, our subject for this article, is a new example of this trend.
What Is MicroBitcoin?
This is a cryptocurrency that is fully available for anyone because it is fully digital and open source. 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.
The main mission that Micro Bitcoin has is, obviously, 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.
Some of the main features that are presented by this new are confirmations of transactions that are considerably faster, double spend protection and an upgraded anonymity. Micro Bitcoin intends to be Bitcoin, just better. The company has opted for a self-governing and self-funding model that is fully open sourced and effective.
Micro Bitcoin uses both proof of stake and proof of mining to work, which makes it very easier to mine from your home computer. Also, there is a great deal of transparency involved in all the transactions and you can easily see them on the block explorer of the Micro Bitcoin ecosystem.
Other advantages that someone could get from using this token is basically its fast speed, specially when you compare it with Bitcoin, and the near zero cost of the transactions that you can make with this token.
Privacy also works in a very similar way to the original Bitcoin because the transactions will never have the name of the token holders, only numbers that make the transactions accountable.
How MicroBitcoin Crypto Payments BTC-Blockchain Fork Works
This token works in a fully decentralized way and was created with the goal of providing an opportunity for the people who want to jump in another technological jump that the blockchain industry might be making.
The team that created this token is made up of experts with OTA software, decentralized tech and payments and the financial system. The community is made up of individuals who have the expertise and are committed to bringing excellent returns.
The whole network will be similarly structured to Bitcoin and any person will be able to use the tokens as they are utility tokens and not securities and you can buy them without having to pass in any regulation by investors.
The Micro Wallet
To hold this new decentralized cryptocurrency you will have to use a Micro Wallet, which is a cryptocurrency wallet that was specially designed for this use. As the tokens of the company are not the standard ERC20 tokens that many companies use, you will need this wallet in order to hold them.
At the moment, you can download this wallet for different versions of the Linux system and for Windows.
MicroBitcoin MBC Token ICO Details
Micro Bitcoin has decided to sell its MBC tokens to finance the platform. A total supply of 25,000,000 MBC tokens will be created. 250,000 will be sold during the pre-ICO and 1,000,000 MBC tokens during the main Initial Coin Offering. The only payment accepted will be BTC and you have to invest at least $10 USD in Bitcoin. The remaining tokens will be mineable.
The funds that will be raised via the ICO will be used in the system development (50%), marketing and business development (25%), research (12%), Operations and legal (10%), community rewards (2%) and education about blockchain technology (1%).
After the ICO, Micro Bitcoin will be listed on the Aristrex. You will be able to buy tokens by the market price there.
This company looks like a Bitcoin imitator. While it is not a scam and it does not necessarily looks like a trainwreck, it hardly looks great. Because of this, we do not deem Micro Bitcoin to be one of the best investments that you can make right now.