$0.0623

MobileCoin is a digital payment system created in 2017 by MobileCoin Inc., though its network launched in December 2020. It is a privacy-focused cryptocurrency designed for mobile use, aiming to provide secure, fast, and encrypted transactions that protect personal data. The project seeks to improve peer-to-peer payments by recording transactions on a blockchain. It is built to integrate with messaging apps like WhatsApp, Telegram, Facebook Messenger, and Signal. Users send and receive funds using a PIN, and transaction details are visible only to the parties involved. Keys can be recovered with a recovery PIN. The platform uses ring signatures for authentication and emphasizes confidentiality, speed, environmental friendliness, and mobile optimization. MobileCoin is open-source, allowing users to verify its code.

MobileCoin was co-founded in 2017 by Joshua Goldbard and Shane Glynn, with headquarters in San Francisco. Goldbard serves as CEO and previously worked at AT&T and co-founded a crypto hedge fund called Crypto Lotus. He has expertise in network deployment and telecommunications. Glynn, holding a law degree, is General Counsel and handles crypto regulations; he previously worked at Google with a focus on telecom and mobile devices. Additionally, Moxie Marlinspike, known for creating the encrypted messaging app Signal, was an early technical advisor to the project.

MobileCoin's goal is to create a secure, universal payment system integrated with encrypted messaging. It focuses on data encryption, enabling private and fast peer-to-peer transactions. The platform is designed for easy integration with messaging apps and mobile wallets, offering a user-friendly interface for sending and receiving MOB tokens, checking balances, and viewing transaction history. Key features include a non-custodial wallet for desktop and mobile, a recovery PIN for wallet restoration, and the MobileCoin Consensus Protocol (MCP) that uses the Stellar Consensus Protocol for fast confirmations in an encrypted environment. Additionally, it employs Software Guard Extensions (SGX) for added security.

As of March 2023, MobileCoin has a circulating supply of 195,286,109 MOB tokens and a total supply capped at 250,000,000. MOB is used for peer-to-peer payments on the MobileCoin network and can be integrated into messaging apps to facilitate confidential transactions between users.

MobileCoin's security relies on the MobileCoin Consensus Protocol (MCP), which uses the Stellar Consensus Protocol (SCP) for transaction recording. It incorporates CryptoNote and zero-knowledge proofs to hide transaction details, along with ring signatures, one-time addresses, and RingCT to protect user data. SCP employs a federated Byzantine agreement model that is resilient to faults. The ecosystem includes multiple security layers: open-source code, decentralized governance, CryptoNote, Ring Confidential Transactions, Bulletproofs, a secure ledger, Byzantine agreement, secure enclaves, remote attestation, Oblivious RAM, and a Fog threat model.

As of March 2023, MobileCoin (MOB) is available for trading on several major exchanges, including Binance, Gate.io, Bitfinex, Bitrue, Tokocrypto, CoinEx, Deepcoin, Pionex, BigONE, BingX, 4swap, Hotbit, and ZT. Coinasity shows the live MOB price, averaged across major exchanges.