Peer to peer cryptocurrency that enables global end to end mobile payments instantly.
May 13th, 2022
Mobilecoin(MOB)
MobileCoin is the future of payment and cryptocurrency. MobileCoin uses a blockchain for global end-to-end encrypted mobile payments instantly and has wallet support for web browsers, desktop and mobile apps, which can be sent to any mobile phone number. The MobileCoin blockchain uses Federated Byzantine Agreement for consensus protocol with seven defensive layers for confidential transactions.
MOB is the native token of the project. The current use case for MOB include:
Payment currency: MOB can be used as a form of digital currency on Signal to exchange goods and services.
The project consists of the following major components working in conjunction:
MobileCoin Wallet: Native network wallet, available on desktop and mobile.
MobileCoin Recovery Pin: Used for completing transactions on the network, a public and a private key are generated after installing the MobileCoin wallet software.
MobileCoin Consensus Protocol: Utilizes the Federated Byzantine Agreement to enable new payments to be promptly confirmed, allowing resource-constrained nodes to avoid storing the full blockchain of past transactions on mobile devices.
Software Guard eXtensions (SGX): All validator nodes run on Intel's SGX secure enclave, which is an isolation and encryption technology to protect data. It allows nodes to manage keys for users.
As of May 13th 2022, the total and maximum token supply of MOB is 250,000,000. The current circulating supply is 118,393,361 (~47.35% of the total token supply).
To learn more about MOB's distribution click here.
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