According to Odaily, MicrovisionChain (MVC), a Bitcoin sidechain, is set to implement significant technological advancements over the next six months. Xiaohui Liu, the head of MVC's technology department and founder of sCrypt, announced the upcoming initiatives on X. These initiatives include the full activation of the OP_CAT opcode, SegWit integration, and research into merged mining.
The first initiative involves the complete activation of the OP_CAT opcode. As a Bitcoin sidechain, MVC will utilize this opcode to support Layer-1 smart contracts, enabling developers to build Turing-complete decentralized applications (DApps) within the UTXO model. This functionality will position MVC as a real-time testing platform for future Bitcoin features.
The second initiative is the integration of SegWit. The introduction of SegWit is expected to enhance transaction processing efficiency, reduce transaction fees, and optimize smart contract execution. This will ensure higher transaction throughput and improved security.
The third initiative focuses on research into merged mining. By leveraging Bitcoin's network security and computational power through merged mining, MVC aims to strengthen its decentralized security model and attract more miners to participate.
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