Review on MicroBitcoin by Pedro O. Alvino M.
Project focused on payment systems through microtransactions.
Project developed from a fork of the bitcoin chain, presents an architecture based on micropayments, in order to give financial tools to companies and businesses a fast payment system with a safe and easy-to-use operation.
The project has wallets designed to store MBC that the project currency, in addition to being able to send through the wallet with little cost of network fees and high speed according to the design of the project's blockchain, given that Unlike bitcoin, the project block size is 300 KB which improves the speed of confirming blocks on the chain and processing shipments in MBC much faster than in the bitcoin chain.
Another determining factor in the project network is the flexibility that the MBC jora de minar mining provides to mining, since experimental hardware is not required to mine the coin, this thanks to the implementation of the Power2B proof-of-work algorithm, which is mainly focused to be CPU compatible.
The current economy of the project currency is very bad, since being a currency destined for the payment system, in this section a large number of competitors, so there will be a small portion of the cryptographic community that will have the services of the draft.
Pros
- Facilitates payment mechanisms for companies through micropayments based on their currency (MBC).
- The MicroBitcoin network operates on the UTXO model.
- The block size in the chain by 300 KB accelerates the confirmation of blocks in the chain and increases the speed of transactions.
- Does not require specialized hardware for the mining network.
- Provides wallets for various platforms, both mobile and computer.
Cons
- The currency has a disastrous performance in the market.
- The number of currency transfers on the chain has gradually decreased in recent months.
- There are a large number of projects focused on the rapid payment system.
