On October 9th, MVC Technology Director and sCrypt founder Xiaohui Liu announced on Twitter that the Bitcoin sidechain MVC (MicrovisionChain) has made significant progress in research in the third quarter of 2024, and will focus on the following three aspects in the next six months: 1. Fully enable OPCAT opcode: MVC, as a Bitcoin sidechain, will utilize the OPCAT opcode to support Layer-1 smart contracts, enabling developers to build Turing-complete Decentralization applications (DApps) under the UTXO model. 2. SegWit Integration: The introduction of SegWit will improve transaction processing efficiency, reduce transaction fees, and optimize the execution of smart contracts, ensuring higher transaction throughput and security. 3. Merger mining research: MVC will further strengthen the security model of Decentralization by merging mining with Bitcoin, leveraging the security and Computing Power of the Bitcoin network, and attracting more miners to participate.

Odaily Planet Daily According to official sources, the Bitcoin sidechain project MicrovisionChain (token $SPACE) has officially announced a strategic partnership with antpool, which will effectively increase the security and global miner exposure of the Microvisionchain network. As a Bitcoin sidechain solution, MVC adopts the UTXO+POW consensus model that is the same as Bitcoin, has Turing-complete smart contract functionality, and corresponds to Bitcoin's 1:1 satoshi. This project allows Bitcoin SHA256 mining rigs to seamlessly switch to mining $SPACE.

Odaily Planet Daily News On-chain data shows that at 13:56 today, the instantaneous computing power of the Bitcoin side chain MicrovisionChain (MVC) reached 3.458 EH/s, surpassing BCH to become the world's second largest POW public chain after Bitcoin. The MVC mainnet token SPACE is currently trading at an all-time high of $30.03. MVC is a UTXO-modeled one-layer smart contract public chain designed to solve Bitcoin's congestion problem and provide a Bitcoin Virtual Machine to support the development of large-scale Web3 applications.