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Author Topic: [ANN][POW][HARDFORK] MicroBitcoin (micro-payments protocol)  (Read 4903 times)
microbitcoinorg
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May 19, 2018, 09:11:38 AM
 #1

https://i.imgur.com/I0u2AWA.png

MICRO BITCOIN
A Peer-to-peer Microtransaction Payment Platform.

OFFICIAL LINKS
Website: https://microbitcoin.org/
Discord: https://discord.io/microbitcoin/
Twitter: https://twitter.com/MicroBitcoinOrg/
Reddit: https://www.reddit.com/r/MicroBitcoinOrg/

BOUNTY PROGRAM
Click here to visit the bounty program page.

INTRODUCTION
Micro Bitcoin (MBC) is a decentralized peer-to-peer payment platform for the micro-economy. It is intended to be a means-of-payment coin, created (forked) from the Bitcoin (BTC) blockchain, and to be used as an everyday payment solution between peers including traditional businesses and consumers. Forking will allow it to retain usage of a distributed ledger, while still providing the flexibility to make transactions without the hurdles of expensives fees and faster confirmations.

HARDFORK
The hardfork will take place at Bitcoin's block number 525,000 which is roughly about 1 week from the listing of this post.

SPECIFICATIONS
NameMicro Bitcoin
SymbolMBC
Total Supply210,000,000,000
PoW AlgorithmGrøstl-512*
Block Interval1 minute
Block Size4 MB (Inherited from SegWit)
Block Reward12,500**
SegwitYes
Replay ProtectionYes
Unique Address FormatYes

* After Bitmain announced ASIC miners for Equihash, we are in the development of implementing another algorithm to keep mining decentralized. We're implementing Grøstl-512.
** Subject to change to match the difficulty of the network.


ECOSYSTEM
A community platform where fellow pioneers can access easy and ready-to-use technology and implement their ideas for people to have access to, and a place where such ideas can be shared and built upon for the propelment of micropayments and henceforth; this is the vision for Micro Bitcoin.

As developments happen, examples of use cases and applications will be written for others to be able to adapt accordingly that best fits their environment.

SCAM WARNING:
This is a HARDFORK not an ICO. We will NEVER ask you for any monetary contributions whatsoever. If so please report that person to any of the team members or moderators in respective channels listed above under “OFFICIAL LINKS”.
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user0000001
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May 19, 2018, 06:16:25 PM
 #2

every day a new fork! if I had a btc on block 524,377 I could get coins? 1: 1?
Asic Equihash has long been on sale. why just now you have thought about changing the Algo?

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iCumulate
.Investing in the future together     
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WHITEPAPER
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ONE PAGER
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May 19, 2018, 06:57:02 PM
 #3

Great projects guys, already asked a lot of questions on Telegram so just here to say good job
microbitcoinorg
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May 26, 2018, 09:47:06 AM
 #4

every day a new fork! if I had a btc on block 524,377 I could get coins? 1: 1?
Asic Equihash has long been on sale. why just now you have thought about changing the Algo?

Thanks for the quesiton. Made a new announcement with updates to your question. The new hardfork block height is 525,000 due to the announcement by Bitmain regarding ASIC mining for equihash. We have to change the algo to keep it decentralized. There're other options we will implement.
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May 26, 2018, 10:02:59 AM
 #5

Which algo will be used for mbc ?
hashcoin
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May 26, 2018, 11:29:05 AM
 #6

see total supply
Micro Bitcoin you give me is very big. Is not it too difficult to achieve the purpose of this project?
D3-Revival
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May 26, 2018, 12:45:28 PM
 #7

NEW coin mineable. I like. Is infinite mining or how many along is pow finished?
Seketsuna
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May 26, 2018, 04:05:09 PM
 #8

every day a new fork! if I had a btc on block 524,377 I could get coins? 1: 1?
Asic Equihash has long been on sale. why just now you have thought about changing the Algo?
you're really right, man.  we're born with new forks. we're going to have problems with this in the future. maybe BTC will make an arrangement to make it all bitcoin trash.
microbitcoinorg
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May 26, 2018, 10:59:09 PM
 #9

Which algo will be used for mbc ?
UPDATE
At the moment we're implementing X16R algorithm.
Updated to X16R after doing some research.

We're proceeding with our initial interest in Grøstl-512 algorithm.
microbitcoinorg
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May 27, 2018, 12:48:21 AM
 #10

see total supply
Micro Bitcoin you give me is very big. Is not it too difficult to achieve the purpose of this project?
The increased supply it to make micropayments possible over a peer-to-peer network without sacrificing the distributed ledger as well as overpowering miners by escalating fees.
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May 27, 2018, 01:45:01 AM
 #11

where will Airdrop take place? what exchanges support you?
microbitcoinorg
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May 27, 2018, 02:44:56 AM
 #12

where will Airdrop take place? what exchanges support you?
BTC block height 525,000. you can check https://microbitcoin.org/ for the countdown.
microbitcoinorg
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May 27, 2018, 04:01:48 AM
 #13

NEW coin mineable. I like. Is infinite mining or how many along is pow finished?
Because of hardfork, the block rewards will be in the same ratio as well as block intervals.

12.5 BTC will be calculated in the following way:

Current BTC Reward multiplied by Increase Ratio divided by Block Interval Ratio

MBC / Block = (12.5 * 10,000) / 10

More information can be found in our whitepaper https://microbitcoin.org/.
Kula
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May 27, 2018, 04:33:07 AM
 #14

此币已加入算力内参打新列表,欢迎订阅 suanli.io 关注更多打新项目。

This coin is added to suanli.io new coin list for 100+ miners to view. Good luck!
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May 28, 2018, 04:52:12 AM
 #15

Which algo will be used for mbc ?
At the moment we're implementing Grøstl-512 X16R algorithm.

Updated to X16R after doing some research.
a very unstable algorithm, this is not an algorithm but a set of different algorithms.
can all the same make a choice in the direction of stability? for example the algorithm from LBRY?

and you did not answer the question, will the distribution be after the snapshot of the network?
or that you leave it to yourself and this will be your pre-mine for the development of the project?
microbitcoinorg
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May 28, 2018, 07:03:11 AM
 #16

Which algo will be used for mbc ?
At the moment we're implementing Grøstl-512 X16R algorithm.

Updated to X16R after doing some research.
a very unstable algorithm, this is not an algorithm but a set of different algorithms.
can all the same make a choice in the direction of stability? for example the algorithm from LBRY?

and you did not answer the question, will the distribution be after the snapshot of the network?
or that you leave it to yourself and this will be your pre-mine for the development of the project?
Thank you for the suggestion, we'll look into LBRY as well. At the moment due to time, we're proceeding with X16R as it does prevent ASICs.

As for claiming MBC, you'll need your private keys to your BTC wallet then use it to claim MBC.
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May 29, 2018, 09:17:35 AM
 #17

are there any mining pools supporting this coin?
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May 29, 2018, 09:38:14 AM
 #18

On what all exchanges it will be listed and what is the expected price for MBC ?
microbitcoinorg
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May 29, 2018, 10:08:06 AM
 #19

are there any mining pools supporting this coin?
Haven't heard from any yet. If you're interested you may contact us via discord regarding initial setup of a pool.
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May 29, 2018, 01:46:21 PM
 #20

On what all exchanges it will be listed and what is the expected price for MBC ?
We haven't heard of any directly from the exchanges as it's up to them and the market to list and determine the price of MBC.
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