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About MobileCoin
Key Points
- MobileCoin (MOB) is a decentralized payment platform established in 2017.
- It’s a privacy-focused cryptocurrency designed for mobile devices.
- The network went live in December 2020.
- MOB aims to revolutionize the P2P payment system using blockchain technology.
Founders
- Joshua Goldbard (CEO) – expert in network deployment and cryptography.
- Shane Glynn (General Counsel) – establishes crypto regulations.
- Moxie Marlinspike (technical advisor) – creator of encrypted messenger Signal.
Unique Features
About MobileCoin: Empowering Secure and Private Transactions
Introducing MobileCoin (MOB): A Revolutionary Cryptocurrency
MobileCoin (MOB), a decentralized payment platform, was founded in 2017 by MobileCoin Inc., although it didn’t launch until December 2020. As a privacy-centric cryptocurrency, MOB is designed to function as digital cash on mobile devices. It promises to facilitate secure, effortless, and rapid transactions, ensuring the encryption and protection of personal data. The developers’ vision is to revolutionize the peer-to-peer payment system, where transactions are recorded on a blockchain ledger.
The project is designed to seamlessly integrate with popular messaging apps, including WhatsApp, Telegram, Facebook Messenger, and Signal. Here’s how it works: a user simply enters a PIN code to send or receive funds, ensuring that only the sender and receiver can access transaction details. Additionally, users can always recover their keys using a recovery PIN. With confidentiality being a top priority, the platform employs ring signatures to authenticate digital asset ownership and usage. The ecosystem offers a multitude of benefits, including secure and rapid transactions, eco-friendliness, and intuitive optimization for mobile devices.
MobileCoin is built on an open-source foundation, empowering users to scrutinize and verify the underlying programming techniques.
Furthermore, MobileCoin boasts a dual advantage, being not only remarkably user-friendly but also environmentally conscious, proudly positioning itself as one of the pioneering negative carbon cryptocurrencies in its domain.
The Visionaries Behind MobileCoin: Meet the Founders
MobileCoin was co-founded in 2017 by Joshua Goldbard and Shane Glynn, with its headquarters situated in San Francisco, California, a hub for innovation and technological advancement.
Joshua Goldbard, a seasoned expert in network deployment, currently serves as CEO of MobileCoin Inc. Prior to this role, he held a position at the esteemed telecommunication holding company, AT&T, and was a founding partner at Crypto Lotus, a pioneering crypto-focused hedge fund. With a career rooted in telecommunications, Goldbard has amassed extensive experience in mobile systems, which ultimately sparked his fascination with cryptography.
Shane Glynn, a law degree holder, serves as General Counsel, spearheading the development of crypto regulations within the organization. Prior to this role, Glynn leveraged his expertise in telecommunications and mobile devices as a former Google specialist.
Notably, Moxie Marlinspike, a renowned figure in the tech sphere, also played a pivotal role in the project’s early stages as a technical advisor to MobileCoin. Marlinspike is perhaps best known for his groundbreaking work as the creator of Signal, a highly acclaimed encrypted messaging platform.
Unveiling the Unparalleled Attributes of MobileCoin
The overarching mission of MobileCoin is to craft a seamless, end-to-end encrypted messaging platform. The development team envisions transforming MobileCoin into a universally accessible, secure, and sustainable payment system, spanning the globe.
The project embodies a straightforward and secure currency utility, placing paramount importance on data encryption. The protocol facilitates the rapid encryption of peer-to-peer transactions in a decentralized and private manner, all within a matter of seconds. MobileCoin is designed to seamlessly integrate with messaging apps, allowing for effortless wallet connectivity with mobile devices. Moreover, the restoration process is remarkably straightforward. The platform’s intuitive interface empowers users to effortlessly send and receive values denominated in MOB tokens, monitor their balances, and access a comprehensive transaction history.
The cornerstone elements of the ecosystem comprise:
Introducing the MobileCoin Wallet, a native and non-custodial solution seamlessly accessible on both desktop and mobile devices, empowering users with unparalleled control and flexibility.
MobileCoin Recovery PIN: A Secure Route to Wallet Restoration via Private Key.
MobileCoin Consensus Protocol. Leveraging the Stellar Consensus Protocol (SCP), MCP facilitates rapid payment confirmation and establishes a secure, end-to-end encrypted ecosystem.
Software Guard Extension. SGX is a cutting-edge encryption and isolation technology that furnishes an supplementary layer of robust security to the blockchain, thereby safeguarding sensitive data.
What Is the Circulating Supply of MobileCoin (MOB)?
At the heart of the MobileCoin ecosystem lies its native cryptocurrency, MOB, which fuels the entire network. As of March 2023, the circulating supply of MOB stands at 195,286,109, with a total supply capped at 250,000,000 coins.
MOB is specifically designed to facilitate seamless peer-to-peer (P2P) transactions within the MobileCoin network, enabling the integration of tokens into messaging applications. This innovative approach empowers users to conduct confidential transactions and effortlessly transfer funds to one another using MOB.
Ensuring the Integrity of the MobileCoin (MOB) Network: A Robust Security Framework
The MobileCoin Consensus Protocol (MCP) leverages Stellar’s reputation-based validation mechanism. By integrating the Stellar Consensus Protocol, it facilitates the secure recording of transactions, while employing CryptoNote and zero-knowledge proofs to conceal transaction details. Additionally, ring signatures, one-time addresses, and RingCT are utilized to safeguard user data. The Stellar Consensus Protocol (SCP) is built upon the federated Byzantine agreement model, which is grounded in Proof-of-Reputation, thereby ensuring robustness against Byzantine faults and effectively resolving the Byzantine agreement problem.
Thus, the MobileCoin ecosystem is fortified by a multi-layered defense system, comprising: open-source code, decentralized governance, CryptoNote technology, ring confidential transactions, Bulletproofs, the MobileCoin Ledger, Byzantine Agreement, Secure Enclaves, Remote Attestation, Oblivious RAM, and the Fog Threat Model.
Acquiring MobileCoin (MOB): A Comprehensive Guide to Exchanges and Marketplaces
As of March 2023, MobileCoin (MOB) has been listed on numerous prominent exchanges and crypto markets, including Binance, Gate.io, Bitfinex, Bitrue, Tokocrypto, CoinEx, Deepcoin, Pionex, BigONE, BingX, 4swap, Hotbit, and ZT, thereby facilitating seamless buying, selling, and trading of the cryptocurrency.
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