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What is MicroVisionChain (SPACE)?
MicroVisionChain basic info
Name:MicroVisionChain
Ticker:
SPACEBuy now
Introduction:
What Is MicroVisionChain?
MicroVisionChain, or MVC, is a public blockchain launched in 2023, designed to address the critical issue of scalability that has long plagued the blockchain industry. In a world where
blockchain technology is rapidly evolving, MVC stands out with its innovative approach to combining the Unspent Transaction Output (UTXO) model with Layer-1 smart contracts and a decentralized identity protocol (DID). This unique combination not only ensures a high degree of decentralization but also paves the way for unlimited scalability. MVC's commitment to solving the scalability problem aims to facilitate the widespread adoption of blockchain technology, enabling it to support a myriad of Web3 applications efficiently and economically.
The creation of MVC was motivated by the urgent need for a blockchain solution capable of supporting the future Metaverse and numerous Web3 applications without succumbing to the high fees, low performance, and limited application scenarios characteristic of existing blockchain technologies. By innovatively altering the Layer 1 TXID generation method and introducing Layer-1 smart contracts on the UTXO model, MVC significantly enhances parallel performance. This approach positions MVC as the perfect blockchain for Web3, promising to meet the future needs of a digital society eager for decentralized solutions.
Resources
Official Documents:
https://www.microvisionchain.com/info/uploads/MVC_Technical_Documentation_4b5d9b4a4f.pdf
Official Website:
https://www.microvisionchain.com/
How Does MicroVisionChain Work?
At the heart of MicroVisionChain’s functionality is its unique adoption of the UTXO model, which has been fundamentally re-engineered to support Layer-1 smart contracts and the MetaID protocol. This reimagining of traditional blockchain architecture allows MVC to execute transactions and smart contracts in parallel, significantly increasing throughput and reducing latency. MVC's network utilizes the Proof of Work (POW) consensus mechanism and the SHA256 mining algorithm, mirroring
Bitcoin's proven security and decentralization attributes. By optimizing the transaction format and implementing a high-performance parallel computing supernode, MVC achieves a transaction processing speed capable of reaching one million transactions per second (TPS).
MVC introduces two pivotal innovations: MetaTXID and MetaID. MetaTXID is a hierarchical hash algorithm that facilitates efficient on-chain data pruning and reuse, ensuring the blockchain remains lightweight and scalable. MetaID, on the other hand, is a distributed identity protocol that enables seamless data interoperability across different applications, making user data portable and secure within the MVC ecosystem. These innovations ensure MVC's blockchain not only scales efficiently but also supports complex Web3 applications with lower costs and simplified procedures.
What Is SPACE Token?
SPACE is the native token on the MicroVisionChain blockchain. It powers transactions, smart contracts, and governance within the network. SPACE has a total supply of 21 million tokens.
What Determines MicroVisionChain’s Price?
MicroVisionChain's price is primarily determined by a combination of factors within the cryptocurrency ecosystem. Supply and demand dynamics play a crucial role, influenced by the latest news, cryptocurrency trends, and
cryptocurrency analysis. Investors assess cryptocurrency charts and rely on cryptocurrency price predictions to make informed decisions, seeking the best crypto investment for 2024 and beyond. Regulatory changes and
market volatility also impact MicroVisionChain's price, alongside security concerns and the latest developments in blockchain technology. Additionally, the degree of cryptocurrency adoption, particularly within the Web3 landscape, can significantly affect its value.
For those interested in investing or trading MicroVisionChain, one might wonder: Where to buy SPACE? You can purchase SPACE on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
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Current price:
$0.6696More price details
All-time high:$37.57
All-time low:$0.6092
SPACE supply and tokenomics
Circulating supply:0 SPACE
Total supply:21,000,000 SPACE
Max supply:21,000,000 SPACE
Market cap:$0.00
Fully diluted market cap:$14.06M
Links
GitHub:https://github.com/mvc-labs/
Buy MicroVisionChain for $1Buy SPACE now
What is the development prospect and future value of SPACE?
The market value of SPACE currently stands at $0.00, and its market ranking is #3506. The value of SPACE is not widely recognized by the market. When the bull market comes, the market value of SPACE may have great growth potential.
As a new type of currency with innovative technology and unique use cases, SPACE has broad market potential and significant room for development. The distinctiveness and appeal of SPACE may attract the interest of specific groups, thereby driving up its market value.
What will the price of SPACE be in 2025?
Based on SPACE's historical price performance prediction model, the price of SPACE is projected to reach $2.95 in 2025.
What will the price of SPACE be in 2030?
In 2030, the SPACE price is expected to change by -19.00%. By the end of 2030, the SPACE price is projected to reach $4.51, with a cumulative ROI of +538.42%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SPACE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.
Is SPACE worth investing or holding? How to buy SPACE from a crypto exchange?
If you want to buy SPACE, the following information may be helpful for your investment decisions:
In the last 7 days, the price of SPACE has fallen by -20.56%, leading to negative returns for most SPACE investors. The market is currently pessimistic about the price trend of SPACE.
It is important to note that the current price of SPACE has retreated by -98.22% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SPACE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SPACE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SPACE, if you want to buy or sell SPACE, you can consider Bitget for your trading needs. The best place to buy SPACE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in MicroVisionChain has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy MicroVisionChain. Here's a step-by-step guide on how to buy MicroVisionChain on Bitget.
How to get MicroVisionChain through other methods？
Using cash to buy MicroVisionChain is not the only way to obtain MicroVisionChain. If you have the time to spare, you can get MicroVisionChain for free.
Learn how to earn MicroVisionChain for free through the Learn2Earn promotion.
Earn free MicroVisionChain by inviting friends to join Bitget's Assist2Earn promotion.
Receive free MicroVisionChain airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to MicroVisionChain through Bitget Convert, Bitget Swap, or spot trading.
What is MicroVisionChain used for and how to use MicroVisionChain?
The use case of MicroVisionChain may expand as the crypto market and the project itself develop. Currently, you can use SPACE to achieve the following goals:
Arbitrage by trading SPACE: Since SPACE is a frequently traded cryptocurrency, the price of SPACE is always fluctuating. Earn more SPACE by buying low and selling high on the exchange. Bitget spot market provides a variety of SPACE trading pairs to fully meet your needs.
Earn by staking SPACE: You can also generate income through financial management methods such as staking SPACE or lending SPACE. Bitget Earn offers a variety of financial products designed to help you earn more income from your SPACE.
Send or pay SPACE: If you want to give SPACE to your friends, a charity, or a fundraiser, or you want to pay someone with SPACE, you can quickly and easily send SPACE to the recipient through their payment address.
You can also go to the official website of the MicroVisionChain project to learn more about the use cases of SPACE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .
MicroVisionChain Wiki
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SPACE resources
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