According to official news, the developer competition of the Bitcoin sidechain project MicrovisionChain (token $SPACE) will be launched in mid-June, with a total prize value of $1 million (equivalent to $SPACE) in the first quarter. MicrovisionChain is a Bitcoin sidechain solution that uses the same UTXO+POW consensus model as Bitcoin, has Turing-complete smart contract functions, and corresponds to Bitcoin 1:1 satoshi. The project allows Bitcoin SHA256 miners to seamlessly switch to $SPACE mining.