MobileCoin (MOB) is a decentralized payment platform founded in 2017 by MobileCoin Inc., with its network becoming operational in December 2020. Focused on privacy, MobileCoin was developed to function as digital cash specifically for mobile use. It boasts secure and straightforward payments, alongside swift and encrypted transactions designed to safeguard personal data. The developers aim to transform the peer-to-peer payment system, with transactions recorded on a blockchain ledger. The platform is engineered for seamless integration into messaging applications such as WhatsApp, Telegram, Facebook Messenger, and Signal. The process requires a user to input a PIN code to send or receive funds, ensuring that transaction details are accessible only to the sender and receiver. Users also have the option to recover their keys using a recovery PIN. Prioritizing confidentiality, the platform employs ring signatures to verify the ownership and utilization of digital assets. The ecosystem further offers benefits such as transaction security and speed, environmental sustainability, and user-friendly optimization for mobile devices. MobileCoin is open-source, allowing users the ability to verify the programming methodologies used. Furthermore, MobileCoin is designed with an emphasis on environmental responsibility, claiming to be among the first negative carbon cryptocurrencies in its sector.

MobileCoin was co-founded in 2017 by Joshua Goldbard and Shane Glynn, with its headquarters located in San Francisco, California. Joshua Goldbard serves as the CEO of MobileCoin Inc. His previous experience includes working for AT&T, a telecommunications holding company, as well as being a founding partner at Crypto Lotus, a hedge fund focused on cryptocurrency. Goldbard is highly knowledgeable in network deployment, having begun his career in telecommunications, where he developed expertise in mobile systems and discovered his interest in cryptography. Shane Glynn, who holds a law degree, serves as the General Counsel at the company, where he is responsible for establishing cryptocurrency regulations. Glynn is a former Google professional with a solid background in telecommunications and mobile devices. A noteworthy contributor to the project is Moxie Marlinspike, who is reported to have been a technical advisor to MobileCoin in its early stages. Marlinspike is best known as the creator of the encrypted messaging application Signal.

MobileCoin's primary mission is to develop an end-to-end encrypted messaging platform. The developers aim to transform MobileCoin into a universally accessible, secure, and sustainable global payment system. This project focuses on providing a straightforward and secure currency utility with a strong emphasis on data encryption. The protocol facilitates P2P transactions within seconds, ensuring decentralization and privacy. MobileCoin is designed to be seamlessly integrated with messaging apps, enabling them to connect with the MobileCoin wallet, and allowing wallets to easily synchronize with phones. Additionally, restoration is simple. Users of the platform have access to an intuitive interface, enabling them to send and receive values in MOB tokens, manage balances, and review their transaction history. The main components of the ecosystem include: MobileCoin Wallet: A native and noncustodial wallet available on both desktop and mobile devices. MobileCoin Recovery PIN: Enables users to restore their wallets using the private key. MobileCoin Consensus Protocol: MCP utilizes the Stellar Consensus Protocol (SCP), which ensures fast payment confirmation and creates an end-to-end encrypted environment. Software Guard Extension: SGX is encryption and isolation technology that adds an extra layer of security to the blockchain, safeguarding data.

MobileCoin utilizes its native currency, MOB, to energize the entire ecosystem. As of March 2023, there is a circulating supply of 195,286,109 MOB, with a total supply capped at 250,000,000 coins. MOB is designed for peer-to-peer (P2P) payments within the MobileCoin network. The tokens can be incorporated into messaging applications, enabling users to carry out confidential transactions and transfer funds to each other using MOB.

The MobileCoin Consensus Protocol (MCP) adopts Stellar's reputation check and implements the Stellar Consensus Protocol to record transactions. It utilizes CryptoNote and zero-knowledge proofs to conceal transaction details, along with ring signatures, one-time addresses, and RingCT to safeguard user data. The Stellar Consensus Protocol (SCP) employs the federated Byzantine agreement model (Proof-of-Reputation), offering resilience against Byzantine faults and addressing the Byzantine agreement problem. Consequently, the MobileCoin ecosystem integrates multiple protective layers, including Open-Source Code, Decentralized Governance, CryptoNote, Ring Confidential Transactions, Bulletproofs, MobileCoin Ledger, Byzantine Agreement, Secure Enclaves, Remote Attestation, Oblivious RAM, and Fog Threat Model.

As of March 2023, MobileCoin (MOB) can be bought, sold, or traded on a variety of major exchanges and cryptocurrency markets, including Binance, Gate.io, Bitfinex, Bitrue, Tokocrypto, CoinEx, Deepcoin, Pionex, BigONE, BingX, 4swap, Hotbit, and ZT. Interested in monitoring MOB in real-time? Consider installing the Eulerpool mobile app. For cryptocurrency news and educational content, explore Eulerpool Alexandria.