Imagine a Faster, Cheaper Bitcoin with Smart Contracts.

[Mega Mind]

There's a new blockchain project $SPACE, that's aiming to solve a classic Bitcoin problem – slow transactions. Think of it as a kind of turbo-charger for Bitcoin, promising super-fast speeds and low fees without sacrificing that decentralized thing everyone loves about BTC.

But here's where things get interesting. The project also plans to bring things like smart contracts and decentralised identity to the Bitcoin game. It's like merging the best parts of Ethereum and Bitcoin into one beast of a chain.

Now, full disclosure, it has been going absolutely viral lately. Some say it's because the tech is solid and they're actually building something useful. Others say it's just classic crypto hype, with little use-case.  It's even listed on a major exchange now, so I think that'll add fuel to the fire.

Personally, I'm intrigued.  If they can actually pull this off, it could be a serious influence on how we use Bitcoin. But then again, I've seen plenty of ambitious blockchain projects fizzle out.

Anyone else keeping an eye on this one? Think it's got the potential to shake things up in the crypto world, or is it just another hyped-up project riding the wave?

[bayu7adi]

But the fact is, Bitcoin is irreplaceable and even if there is a token that stands on Bitcoin's blockchain like yesterday's BRC 20 it won't really make Bitcoin better... in fact what we see is worse.

If you say that there is a replacement for Bitcoin with a different Bitcoin network, such as using Ethereum or BNB's blockchain network... I'm sure that won't work either... the type of network is different and the management is different. Bitcoin is unique and pioneering, which is why the existence of BTC despite its unsatisfactory transaction speed will remain the choice of most people.

[0t3p0t]

But the fact is, Bitcoin is irreplaceable and even if there is a token that stands on Bitcoin's blockchain like yesterday's BRC 20 it won't really make Bitcoin better... in fact what we see is worse.

If you say that there is a replacement for Bitcoin with a different Bitcoin network, such as using Ethereum or BNB's blockchain network... I'm sure that won't work either... the type of network is different and the management is different. Bitcoin is unique and pioneering, which is why the existence of BTC despite its unsatisfactory transaction speed will remain the choice of most people.

Well yeah and  we already have Lightning Network and Segwit which I think is fast enough for a transaction if I am not mistaken. Anything else other than Bitcoin is an Altcoin so I think it will just be an additional crypto in the market.

[notblox1]

Let me try to imagine 
This new coin is another bitcoin killer that is going to commit suicide and die in the end 
There are simple smart contract on bitcoin now, and for someone who wants something more there are bitcoin based EVM projects that work like ethereum now.

[TomPluz]

Personally, I'm intrigued.  If they can actually pull this off, it could be a serious influence on how we use Bitcoin. But then again, I've seen plenty of ambitious blockchain projects fizzle out. Think it's got the potential to shake things up in the crypto world, or is it just another hyped-up project riding the wave?

Let's just hope that this can really be a very innovative project that can help people get more from Bitcoin and not just another hype-filled new project whose marketing tactic is riding on the immense popularity of Bitcoin. Yes, it is quite true that in the past we had seen so many other projects that promised the heavens and the stars as if they were the next big thing to sliced bread and then after some months they were buried six feet below the ground. Claiming something like this and like that can be so easy in this world especially cryptocurrency where are always dealing with FUDS everyday. Now, am not saying that we should discourage innovations because we need them but words are not enough here we must be looking for applications that really works, real-time, and can withstand the test of time...so let's see what SPACE can do and revisit this thread maybe a year from now to see where this project got into.

[Crwth]

I thought this was about $ORDI or something on the Bitcoin chain. It's like the Merlin chain in which it is a layer 2, right? I'm not that familiar but I have read of those coins already. Maybe this time it would be more into that?

https://coinmarketcap.com/currencies/microvisionchain/

Is it this one? I'm trying to find it but there are just a lot of coins listed as SPACE.

[Kemarit]

Nah, Bitcoin will be fine in the long run, we have a lot of challenges in 2017, with war internally, big blockers and so we've seen a lot of forks who thought that they are the true vision of Satoshi and making transaction fees cheap and faster.

And moving forward to 2023-2024 wherein we experience the same issues again, with BRC20 ordinals exploiting a loophole in the code and then congesting the network. But look at where we are now, almost normal now and fees are much cheaper as lets say December 2023 or even January 2024.

So no, I'm not looking at this kind of projects.

[SamReomo]

I can't imagine something that my mind doesn't allows me to imagine. I can't believe in a crypto-currency that's part of the market to complete Bitcoin or claims to be better version of it. I'll always go with the traditional Bitcoin and that's what most other investors and crypto-enthusiasts will choose. So, in simple words I won't image anything like that.

[hugeblack]

https://coinmarketcap.com/currencies/microvisionchain/


$SPACE is not a new token, but has been around since 2023, and it does not seem that the project will achieve any success, as within a year it has not been listed on the famous platforms.


Projects that claim to be better decentralized and scalable than Bitcoin are second layer solutions, but they are based on Bitcoin, so they cannot be better decentralized, and it is difficult to build a decentralized architecture with a new altcoin.

[MCcabe Rory]

I thought this was about $ORDI or something on the Bitcoin chain. It's like the Merlin chain in which it is a layer 2, right? I'm not that familiar but I have read of those coins already. Maybe this time it would be more into that?

https://coinmarketcap.com/currencies/microvisionchain/

Is it this one? I'm trying to find it but there are just a lot of coins listed as SPACE.

Yeah that's the one. A UTXO-model layer-one smart contract public blockchain with
Immense potential. Did you see the market surge the past two weeks? That's crazy.. it's been around for a while, but maybe they're finally getting the recognition..

[Jokers]

There's a new blockchain project $SPACE, that's aiming to solve a classic Bitcoin problem – slow transactions. Think of it as a kind of turbo-charger for Bitcoin, promising super-fast speeds and low fees without sacrificing that decentralized thing everyone loves about BTC.

But here's where things get interesting. The project also plans to bring things like smart contracts and decentralised identity to the Bitcoin game. It's like merging the best parts of Ethereum and Bitcoin into one beast of a chain.

Now, full disclosure, it has been going absolutely viral lately. Some say it's because the tech is solid and they're actually building something useful. Others say it's just classic crypto hype, with little use-case.  It's even listed on a major exchange now, so I think that'll add fuel to the fire.

Personally, I'm intrigued.  If they can actually pull this off, it could be a serious influence on how we use Bitcoin. But then again, I've seen plenty of ambitious blockchain projects fizzle out.

Anyone else keeping an eye on this one? Think it's got the potential to shake things up in the crypto world, or is it just another hyped-up project riding the wave?

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