![[IMG]](https://i.imgur.com/0qPFKb6.png)
General Overview
MicroCash is an open banking or economic system that is completely decentralized and that anyone can join at any time. Is entirely free and no one owns it or controls it. It requires zero trust in anyone to have a secure account or to send funds to anyone, anywhere in the world. Anyone can join the MicroCash network and verify and view every transaction over it, unlike existing hidden banking networks and credit card merchants (Visa/Mastercard/etc). However joining the network directly itself is not required to actually use MicroCash, it is useful for businesses and to ensure the open nature of the network for those that are curious.
MicroCash aims to be more competitive than all existing fiat currencies in the world which are controlled by governments or wealthy people with morals that are often dangerous to everyday people, and with goals that are unclear or hidden. In MicroCash there is no goal, there is no agenda, as there is no human behind the system. Just a simple set of fixed economic rules that everyone can understand and verify themselves whenever they want. Backed by public key cryptography so there is no need to trust anyone to keep your money secure.
Features
- Instant transactions that are 100% irreversible. No need to trust a miner (proof of work) or rich person (proof of stake) to not reverse your transactions. No need to wait, at all.
- An account system that mimics existing banking accounts, making it easy to progress from existing financial system to MIcroCash. Store extra data there to help with your business or set yourself apart from the world. Give it a name so people can send payments to your name rather than a crypto address.
- Extremely efficient. Can already scale past Visa, Mastercard and PayPal transaction levels COMBINED on a normal PC
- 100% entirely new C++11 source code. Designed to be easy to understand and work on. Not derived from Bitcoin or any other crypto project. 100% free (MIT license).
- 100% independent from external libraries to ensure integrity and efficiency
- All financial rules are 100% decentralized over the P2P network, every single node has to verify every single transaction for it to count. Nothing can slip by, ever. Outside of world changing cryptography breaks - MicroCash is able to be verified to be 100% secure in regards to the MicroCash financial "state" where all the money is stored.
- Sidechain support from the start. You can add your PoW, PoS, first-comes, cryptokey, or whatever system to MicroCash easily. You don't even need to do it in C++, just hook into the node via the extremely fast API.
- HTTP server built in to the node so it can serve a wallet directly to any web browser. Access your wallet from anywhere in the world at any time, to send money instantly. No more waiting.
- Easy API access to develop businesses around. Because it is 100% secure and instant it will be extremely easy to slot into any existing payment system. No need to wait for confirms or worry about anything at all. If money comes in, then you have the money until you want to spend it, it is as simple as that. No one can take it away from you.
- Multiple P2P nodes in the same binary. Control them from the web interface. Start, stop them or change their settings. See the nodes they are connected to. All in real time. No more cryptic command line routines to remember.
- Built in account and transaction explorer. No need for external 3rd party services to see what should be standard information in a financial network. The state of the system. Look at any account you want, look at any transaction you want. But unless you own that account there is nothing you can do to it! Well, besides send money to it of course!

Last edited: Feb 13, 2016