"Microlysis" is a methodology which uses "phoresis" to cause a substance to migrate into the tissues of the skin. By applying a negative charge to a substance that has a negative charge, it will cause the ions to migrate into the skin. The converse is true for chemicals that have positive ions.
The problem with this idea as, far as hair removal is concerned, is that hair follicles are protected by an oily substance known as sebum which is not water soluble and is not a good conductor of electricity. This means that "microlysis" has a good chance of burning your skin but will not be effective at hair removal, permanant or otherwise.
Electrologists that use the blend method use "cataphoresis" as an after treatment, but remember that they are working on hair follicles that have had their hair removed. This is used to neutralize the lye produced from the galvanic current, firm the skin, and act as an antibacterial. Not the same thing and only used at the end of treatment.
As Dee said, "Quack, quack..."
"The job that takes the longest to finish is the one that never gets started." Traditional folk lore.