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Micro Bitcoin (MBC) is a decentralized
peer-to-peer (P2P) payment platform for the
micro-economy. It is intended to be a means-of
payment coin, created (forked) from the Bitcoin
(BTC) blockchain, and is designed to be used as
a fast, flexible and acceptable method of
payment which can be used between peers and
between traditional businesses and their
customers. Satoshi Nakamoto's original plan for
creating Bitcoin was to provide a decentralized
system of payments which was not under the
control of any centralized fiat-rendering
organization. However, Bitcoin has found limited
application for micro-payments because of the
problems of scalability, slow transaction times
and high transaction costs. An effective
blockchain-based payment solution has to be
cheap to use and provide near-instant
settlement of transactions for value to be
delivered. This is where MicroBitcoin comes in. The vision of the team behind MicroBitcoin is to fulfill Nakamoto's original vision of creating a true Peer-to-Peer electronic-cash system for the micro- economy.