#### What is MicroBitcoin? MicroBitcoin (MBC) is a decentralized [peer-to-peer](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/peer-to-peer) payment [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) designed for the micro-economy. It is a hard [fork](https://www.coinbase.com/learn/crypto-basics/what-is-a-fork) from [Bitcoin](https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin), aiming to maintain the original features of Bitcoin while enhancing its scalability, transaction speed, and cost-effectiveness. MBC strives to be a user-friendly [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency), with a total supply that is 10,000 times that of Bitcoin, resulting in a lower unit price. This design aims to facilitate faster transaction speeds and lower fees, making it more suitable for micro-transactions. MicroBitcoin also implements a new encryption algorithm, LWMA-3, to ensure security in the micro-economy. #### How does MicroBitcoin work? MicroBitcoin operates on a decentralized, peer-to-peer network, similar to Bitcoin. However, it has implemented several unique features to improve its functionality for micro-transactions. It has reduced the block creation interval to one minute, allowing for faster transaction confirmations. It also uses the Power2b Algorithm, which is resistant to centralized [mining](https://www.coinbase.com/learn/crypto-basics/what-is-mining) and is CPU-only, making mining more accessible. Furthermore, MicroBitcoin has implemented the LWMA-3 encryption algorithm to enhance security. This combination of features aims to make MicroBitcoin a practical and accessible payment method for the micro-economy. #### What are the potential use cases for MicroBitcoin? MicroBitcoin aims to be a practical payment method for the micro-economy. Its design allows for fast transaction confirmations and low transaction fees, making it suitable for small, everyday transactions. This could include purchases at local stores, online shopping, or peer-to-peer payments. Furthermore, its CPU-only mining algorithm allows for more accessible and decentralized mining, potentially encouraging more users to participate in the network. As a decentralized and open-source project, MicroBitcoin also invites users to contribute to its development and improvement, further expanding its potential use cases. #### What is the history of MicroBitcoin? MicroBitcoin was hard forked from Bitcoin at the 525,000th block. The project was developed by contributors from around the world, including Korea, the US, and Ukraine. The aim was to maintain the original vision of Bitcoin while addressing its limitations for micro-transactions, such as scalability issues, slow transaction times, and high transaction costs. The result was MicroBitcoin, a cryptocurrency with a total supply 10,000 times that of Bitcoin, faster transaction speeds, lower fees, and enhanced security through the implementation of the LWMA-3 encryption algorithm. The project is community-driven, with no single entity claiming ownership or authority over the currency.