Crypto Frontline

Meet MobileCoin- A cryptocurrency created by the Signal founder

 Breaking News
  • Funds Raised by ICOs Continue to Fall in 2019   Although we are in mid-February 2019, we still cannot see any sign of improvement in the ICO market. Statistical data published by coinschedule.com is showing the depressed conditions, with...
  • JP Morgan Chase Set to Launch a Digital Token   The wait had been long, but it looks like in a few months we will have the first cryptocurrency created by a major US bank. Although a big critic...
  • US Pension Funds Started to Invest in Crypto   Although we are in a period when investing in cryptocurrencies is not trending like a year, extreme oversold conditions and low valuation are beginning to look appealing for the...
  • Canadian Regulator Investigates QuadrigaCX   The largest Canadian cryptocurrency exchange QuadrigaCX continues to be one of the hottest subjects this month, following the sudden death of the company’s CEO Gerald Cotton, which was the...
  • Has Bitcoin Reached Its Bottom Yet?   Last week we saw the Bitcoin price jumping 10% in less than a day and following that price movement people had been to question whether a bottom in Bitcoin...
  • Weekly Crypto Analysis February 11-17, 2019   BTCUSD-Bitstamp Although the first part of the week started with more selling pressure, since February 8th, the Bitcoin price managed to stage an impressive recovery, managing to bank an...
  • LTC Jumps 30% after Mimblewimble news   The Litecoin price surged starting from February 8th, after positive news persuaded bulls to jump into the market aggressively. It seems like The Litecoin Foundation had partnered with software...
  • Launchpad Will Support a New ICO Project   Back on January 3rd, Binance, one of the largest cryptocurrency exchanges by daily volumes, announced the launching of a platform specially designed for supporting ICO projects. With little over...
  • Will the QuadrigaCX Situation Ever be Solved?   The beginning of February was marked by news coming from QuadrigaCX, a Canada-based cryptocurrency exchange. A liquidity crisis emerged, and the platform was forced to ask for creditor protection....
  • The Philippines Set Up New Crypto Rules   Asian countries are trying to keep up with the western world as we see deep work into the area of cryptocurrency regulation. Recently, The Philippines had announced new regulation...

Meet MobileCoin- A cryptocurrency created by the Signal founder

Meet MobileCoin- A cryptocurrency created by the Signal founder
December 04
16:13 2017

The newly announced cr yptocurrencyby Moxie Marlinspike, the brain behind Signal, is an E2E encrypted messaging application. This latest virtual currency promises not only fixed, fast, and improved transactions, but also cheaperones as compared to other virtual currency competitors.

The demand for Bitcoin is rapidly growing. It was recently reported to cost around $19,99 per transaction.This would be quite unreasonable if, for example, you will use it for an inexpensive single purchase like pizza or a cup of coffee. The transaction fee would turn out to be higher than your purchase. This is one of the virtual currency obstacles Marlinspike wants to be solved.

With Bitcoin and other cryptocurrencies, usability is a luxury because of some deployment issues that have always been a challenge to most developers. Marlinspike stated in an interview with that usability may be the biggest challenge related with cryptocurrencies.

Moreover, he also stated that he wants to see innovations that help in making cryptocurrencies deployable without having the need to sacrifice properties that make curptocurrencies unique from other payment modes.

Signal founderaims to innovate and provide an easy-to-use virtual currency that does not sacrifice security and properties of the account holder. If you are aware of how digital money works, then it is going to be easier for you to compare the transaction and usability difference of MobileCoin to its competitors.

This cryptocurrency is designed to avoid multiple delays of transactionswitha Stellar Consensus Protocol (SCP) as its base. All the MobileCoin nodes are capable in running in an SGX secure enclave that provides CryptoNotes that’s responsible for securing both one-time addresses and ring signatures.

These are the essentials in maintaining the user’s account privacy through the provided unlinkable addresses in case the SGX will be attacked.

The people behind this promising project are Moxie Marlinspike, a cryptographer, and founder of Signal; Shane Glynn, a lawyer who isresponsible for the logical solidness of their every project, Glynn also has a background in specifically mobile devices and telecommunications.Lastly, there’s also Joshua Goldbard, the team’s telecommunications professional. He is an expert in managing, implementing and network progressfor 10-years.

With the expert and passionate people behind this project, MobileCoin is going to be literally, a game-changer for virtual money enthusiastsaccording to Marlinspike.