On February 26th, MetaVision Chain (MVC) has been launched on HotsCoin. MetaVision Chain (MVC) is a blockchain based on Web3, aiming to reshape the original design of Bitcoin and provide high performance, low cost and decentralization. trade. The project uses a unique transaction identification number generation method "MetaTxID" and is known for its unlimited expansion, decentralized DAO operation and innovative technology. Currently, SPACE is open for trading on HotsCoin.
MetaTxID: Innovative transaction identification number generation method
MVC uses a new transaction identification number generation method called "MetaTxID" to achieve efficient tailoring and reuse of transaction data through hierarchical hash calculation. This method not only improves data storage and transmission efficiency, but also maintains the integrity and security of transaction data.
Token information
Token symbol: SPACE
Total token supply: 21,000,000 SPACE
Token distribution ratio:
1.SHA 256 mining: 35%
2.Proof of Build (DAO Treasury): 55%
3.Proof of Build (early contributors before mainnet launch): 10%
key events
2023-01-26: MicroVision Chain goes online on the mainnet
What’s unique about MVC
MVC is the abbreviation of MicroVisionChain, which represents how everyone’s small vision can be realized in the Metaverse. It proposes a revolutionary expansion solution by improving the original design of Bitcoin, while achieving high performance, low cost and high degree of decentralization.
Improvements to the UTXO model: High concurrency is achieved through the UTXO model, while solving the problems of Layer-1 smart contracts and account-based user models.
PoW consensus and advanced algorithms: PoW consensus is adopted to ensure a high degree of decentralization, while applying advanced algorithms developed by HPC, the world's top university.
Layer-1 Data Structures and Smart Contracts: Solve the blockchain trilemma and provide Web3 with a revolutionary blockchain with Bitcoin’s original design.
Operation of MVC DAO
MVC operates as the most decentralized DAO possible, without monopoly sponsors or venture capital. The token SPACE is distributed through proof of construction, ensuring the interests of major ecosystem contributors. The initial members of DAO include scholars from the Chinese Academy of Sciences, Tsinghua University, and the National University of Singapore, as well as Web2 founders, crypto OGs, and builders.
Development stages of MVC
The development stages of MVC are divided into four parts:
1. MVC test network: By recruiting DAO members, it shows how developers can build Web3 businesses, reduce transaction costs, and deploy smart contracts and store files at the same time.
2. Mainnet online: Help developers migrate Web2 businesses to Web3 and promote the construction of the next generation Internet.
3.Web3 plan: including MIT plan, MCB plan, MIP plan, MVH plan and MPT plan, aiming to inspire various contributors and startups.
4.MVC DAO Lab: Provides valuable guidance to Web3 builders and is committed to solving the challenges faced by Web3 applications.
future outlook
MVC has huge potential in the Web3 field, providing entrepreneurs with the opportunity to build an infinite metaverse. Through unique technology and decentralized DAO operation, MVC is expected to become a key enabler of the next generation Internet. If you are a Web3 advocate, MVC DAO welcomes you to join us and leap into the future of Web3 together.
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