Is Miami coin a bitcoin?

However, Miami Coin is no Bitcoin, so it's important to understand the risks of this city-based digital currency before investing in it. Firstly, according to Miami Coin's main website, 30% of the revenue generated from Miami Coin will be forwarded to a wallet reserved for the city of Miami. This concept of splitting proceeds isn't new.

What is miamicoin (Mia)?

In the wake of institutions, investors, and countries engaging with cryptocurrencies, the city of Miami is getting its own token. Built on platforms adjacent to Bitcoin, MiamiCoin (MIA) is being built on CityCoins powered by Stacks—a protocol that enables smart contracts on the Bitcoin network.

What is a bitcoin Satoshi?

Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin’s current price, but you can also own partial shares of each coin. The smallest denomination of each Bitcoin is called a Satoshi, sharing its name with Bitcoin’s creator.

What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.