THE CREATOR OF SIGNAL HAS A PLAN TO FIX CRYPTOCURRENCY

tai-euler (51)in #mobilecoin • 7 years ago

Cryptocurrency designed to be used. Cryptocurrency designed for everyone.

Easy key management
Securely recover keys using a 4-6 digit PIN. No more long word lists, no more trusting a provider with your keys.
Sub-second transactions
Most transactions complete in less than a second, so payments happen instantly. Like payments should.
Privacy
The entire ledger is opaque, individual transactions are cryptographically protected, and the network uses forward-secrecy.
User-friendly, and planet-friendly
Easy to use security at scale, without the massive electrical waste.

"I think usability is the biggest challenge with cryptocurrency today," says Marlinspike. "The innovations I want to see are ones that make cryptocurrency deployable in normal environments, without sacrificing the properties that distinguish cryptocurrency from existing payment mechanisms."

Usability efforts for older generation cryptocurrency protocols, like bitcoin, have largely been left to services like Coinbase, which centralize everything from currency exchange to your wallet, key management, and processing transactions. These platforms make actually using cryptocurrency more realistic for the average person, but they also consolidate mechanisms that are meant to be kept separate in the private and decentralized concept of cryptocurrency. They generally detail extensive privacy and security protections, but they do require users to trust both their intentions and implementation.

By contrast, the idea of MobileCoin is to build a system that hides everything from everyone, leaving fewer (or theoretically no) opportunities for abuse.

white paper: https://www.mobilecoin.com/whitepaper-en.pdf

The team:

Joshua Goldbard

Joshua is a mobile and telecommunications expert who enjoys human narratives in information systems. He has a decade of experience developing, managing and implementing networks of significant complexity for AT&T and others.

Shane Glynn

Shane is a lawyer with a passion for adrenaline and logical consistency. With a background in telecommunications and mobile devices, Shane delights in understanding novel problems in relation to the law and imbibes the current state of cryptocurrency regulation with zeal.