What is MicrovisionChain?

MicroVisionChain (MVC) is a public blockchain utilizing a UTXO model with a Proof of Work (PoW) consensus mechanism. The project aims to address the blockchain trilemma while supporting large-scale Web3 applications through its high-concurrency UTXO features and Layer-1 performance with smart contracts and decentralized identity (DID) solutions.

$SPACE serves as the native token for MVC, facilitating on-chain functions such as transaction fees, contract execution, and data storage. The blockchain's underlying technology has been tested over a decade, and its development team comprises experts with experience in scaling solutions and node infrastructure. MVC's future focus is on becoming a pure Layer-1 blockchain that can accommodate substantial Web3 applications.