Mira is a future-proof platform for buying, storing and sending cryptocurrencies. Users could be assured that all transactions via MiraNet are cryptographically secured and provide integrity.
MiraNet (smart contract-based Mira blockchain) is one of the core system’s elements that allows to function effectively. The concept and benefit of the MiraNet blockchain is that there is no need for a trusted third party or intermediary (such as bank, financial institutions or other central authority) to validate transactions. MiraNet is based on nodes which are the backbone of the network. Nodes keep the Network maintained by confirming transactions then adding them to their copy of the ledger, constantly updating and communicating with each other. This makes the probability of any false or fraudulent transactions being accepted into the network at zero percent as incorrect ones are quickly rejected.
Mira’s smart contract language makes it easier to apply formal verification to any smart contract running on its own blockchain. In addition, users can fully evaluate less onerous and computationally intensive, and less power-consuming DPOS consensus algorithm, where bonded stakeholders validate transactions. Among other advantages: cost savings, stable network, anonymity, and faster dealings.
During the first 6–12 months prior to the launch of the second version of Mira, the GBRs role will be performed by the Mira servers. You will then enter third-party nodes.
A node can be run by any owner of MIRA token who packed 3,000 MIRA tokens into a special MiraBox loaded onto the service. The remuneration for nodes will be based on 10% of Mira revenue nominated in MIRA tokens and distributed equally among nodes. We believe that the possibility to take the role of node to participate in revenue distribution for the project will spur demand for MIRA tokens and will increase its exchange rate value.
For more information about Mira revenue, see the chapter “The Economy of Mira” in our wp — https://miralab.io/Mira_WhitePaper_EN.pdf.