## What Is MobileCoin (MOB)?

MobileCoin (MOB) is a [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) payment platform established in 2017 by MobileCoin Inc. However, the network went live only in December 2020. A privacy-focused cryptocurrency, MOB, was created to be used as digital cash on mobile. Secure and easy payments, along with fast and encrypted transactions, are claimed to protect personal data. The developers aspire to revolutionize the [P2P](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) payment system where transactions are stored on a blockchain ledger.

The project was designed to be integrated into messaging apps like WhatsApp, Telegram, Facebook Messenger, and Signal. How does it work: a user enters a PIN code to send or receive funds. No one but a sender/a receiver can check the details of transactions. Users can always recover their keys with a recovery PIN. Confidentiality is a priority, and the platform applies [ring signatures](https://coinmarketcap.com/alexandria/glossary/ring-signature) to authenticate the ownership and use of digital assets. The benefits of the ecosystem also include security and speed of transactions, environmental friendliness, and intuitive optimization for mobile devices.

MobileCoin is open-source. Users have the option to verify the programming techniques. 

In addition, MobileCoin is not only user-friendly but also planet-friendly, claiming to be one of the first negative carbon cryptocurrencies in its niche.


## Who Are the Founders of MobileCoin?

MobileCoin was co-founded in 2017 by Joshua Goldbard and Shane Glynn. The company has its headquarters in San Francisco, California.

Joshua Goldbard is CEO of MobileCoin Inc. He previously worked for a telecommunication holding company, AT&T, and was a founding partner at Crypto Lotus – a crypto-focused hedge fund. Goldbard is a true expert in network deployment who started his career in telecommunications, gaining experience with mobile systems and discovering his passion for cryptography.

Shane Glynn has a law degree. In the company, he holds the position of General Counsel and establishes crypto regulations. Glynn is a former Google expert with a background in telecommunications and mobile devices.

Another key contributor is Moxie Marlinspike, who reportedly was a technical advisor to MobileCoin at early stages. He’s most known as the creator of encrypted messenger Signal.


## What Makes MobileCoin Unique?

The ultimate mission of MobileCoin is to create an end-to-end encrypted messaging platform. The developers aim to turn MobileCoin into a universal, accessible, secure and sustainable payment system worldwide.

The project is a simple and secure currency utility emphasizing data encryption. The protocol encrypts P2P transactions in seconds in a decentralized and private way. MobileCoin is developed so that messaging apps can integrate with the MobileCoin wallet, while wallets can be smoothly connected to phones. It’s pretty easy to restore as well. Platform users have access to an intuitive interface where they can send/receive values ​​in MOB tokens, control balances, and view transaction history.

The key components of the ecosystem include:

MobileCoin Wallet. A native product and a noncustodial wallet available on desktop and mobile devices.

MobileCoin Recovery PIN. Users can restore their wallets with the private key.

MobileCoin Consensus Protocol. MCP uses Stellar Consensus Protocol (SCP), which allows fast confirmation of payments and forms an end-to-end encrypted environment.

Software Guard Extension. SGX is an encryption and isolation technology that provides an additional layer of security to the blockchain and protects data.


#### Related Pages:

Read about [Celo (CELO)](https://coinmarketcap.com/currencies/celo/) – a project focused on increasing cryptocurrency adoption among smartphone users.

Learn more about [Stellar (XLM)](https://coinmarketcap.com/currencies/stellar/) and [Monero (XMR)](https://coinmarketcap.com/currencies/monero/).

What is Peer-to-Peer (P2P)? Find out with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p).

Check out the best educational resource for crypto – [CMC Alexandria](https://coinmarketcap.com/alexandria).


## How Many MobileCoin (MOB) Coins Are There in Circulation?

MobileCoin has its native currency, MOB, that powers the entire ecosystem. As of March 2023, there is a circulating supply of 195,286,109 $MOB, and a total supply of 250,000,000 coins.

MOB is intended for peer-to-peer (P2P) payments on the MobileCoin network. Tokens can be integrated into messaging apps, allowing users to conduct confidential transactions and transfer funds to each other with MOB.


## How Is the MobileCoin (MOB) Network Secured?

The MobileCoin Consensus Protocol (MCP) chooses [Stellar](https://coinmarketcap.com/currencies/stellar/)'s reputation check. It applies Stellar Consensus Protocol to record transactions, CryptoNote and zero-knowledge proofs to hide transaction details, and ring signatures, one-time addresses, RingCT to protect user data. Stellar Consensus Protocol (SCP) uses the federated Byzantine agreement model ([Proof-of-Reputation](https://coinmarketcap.com/alexandria/glossary/proof-of-replication)), which is robust to Byzantine faults and solves the Byzantine agreement problem.

Thus, the MobileCoin ecosystem includes several protective layers at once: Open-Source Code, Decentralized Governance, CryptoNote, Ring Confidential Transactions, Bulletproofs, MobileCoin Ledger, Byzantine Agreement, Secure Enclaves, Remote Attestation, Oblivious RAM, and Fog Threat Model.


## Where Can You Buy MobileCoin (MOB)?

As of March 2023, it’s possible to buy, sell or trade MobileCoin (MOB) on many major exchanges and crypto markets, some of which are: [Binance](https://coinmarketcap.com/exchanges/binance/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [Bitrue](https://coinmarketcap.com/exchanges/bitrue/), [Tokocrypto](https://coinmarketcap.com/exchanges/tokocrypto/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [Deepcoin](https://coinmarketcap.com/exchanges/deepcoin/), [Pionex](https://coinmarketcap.com/exchanges/pionex/), [BigONE](https://coinmarketcap.com/exchanges/bigone/), [BingX](https://coinmarketcap.com/exchanges/bingx/), [4swap](https://coinmarketcap.com/exchanges/4swap/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), and [ZT](https://coinmarketcap.com/exchanges/zt/).

Want to keep track of MOB in real-time? Install the CMC [mobile app](https://coinmarketcap.com/mobile/).

Find crypto news and educational articles on CoinMarketCap [Alexandria](https://coinmarketcap.com/alexandria/).

MobileCoin

Welcome to MobileCoin's Community channel aggregated by CoinMarketCap.

PlayDapp

Tranchess Protocol is the brainchild of Co-Founder Danny Chong and Team. The concept was incepted in 2020 with a team across diverse experiences and roles in tech firms such as Google, Facebook, Microsoft to Investment Banks such as Morgan Stanley, UBS and BNP Paribas.

Our tech team is particularly experienced with cyber security in trading and DeFi protocols, their knowledge in smart contract coding is additive to the maintenance and upgrades in years to come.

Danny himself had worked at both BNP Paribas and Societe Generale, holding positions across his career from trading, sales and management regionally in FICC space.

It is the team’s vision to empower users of DeFi with Omni Asset Management capabilities and contributing to the paradigm shift from Traditional Finance to DeFi. And in time, to offer a full product suite in Asset Management Protocols, tailored for DeFi users across risk capacities and appetites.

Tranchess

Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.

Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.

Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem.

Mask Network

Radworks

Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for web3 and has positioned itself as an infrastructure developed for arbitrary cross-chain interactions.

As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., Avalanche), Layer 2 chains tied to Ethereum (like Polygon), Parachains networks like Moonbeam on Polkadot, and so on.

Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with Total Value Locked (TVL) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of Multichain CEO being uncontactable saw TVL dropping to $1.38B.

Multichain

aelf

Liquity

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem. Get started on Horizen EON today!

Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges, including Coinbase and Binance. ZEN can be staked to participate in Horizen's nearly 50,000 full node network.

While ZEN was previously a privacy token, following ZenIP 42204 in June of 2023, the network removed its existing privacy features in favor of moving towards a vision of adaptability and responsible, scalable growth.

Horizen

pNetwork

Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.

To learn more about this project, check out our deep dive of Livepeer.

As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.

Livepeer

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks:

Protocols can onboard users without paying gas fees.

Users can pay gas in an ERC-20 token of their choice.

Users avoid blockchain complexities like a change of network.

Transactions are confirmed much faster.

In short, Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.

Biconomy

The Threshold network provides and maintains a suite of cryptographic primitives for several dApps. The network is the product of the protocol merger between the Keep Network and NuCypher, which was finalized on January 1, 2022 with the launch of the T token.

Threshold

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Secret

Constitution DAO was an experiment that has now been dissolved. In November 2021, a group web3-enthusiasts gathered as a decentralized autonomous organization with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group managed to raise well over $40 million in ETH, it ultimately fell short and was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

Constitution DAO announced that it would disband after its unsuccessful grassroots attempt to buy one of the most valuable and iconic documents in U.S. history. All donations are being refunded.

ConstitutionDAO

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

Ardor

Kyber Network is a multi-chain hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to deep liquidity pools that provide the best rates.

KyberSwap.com, its main DEX aggregator and liquidity platform, provides the best swap rates for traders in DeFi compared to individual exchanges. It also enables liquidity providers to maximize earnings via high capital efficiency. KyberSwap sources liquidity from multiple DEXes such as Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and many others to achieve the best rates for traders on different chains. KyberSwap supports over 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and soon Solana.

KyberSwap is decentralized and permissionless, not requiring account sign-up or personal information. All transactions on KyberSwap are on-chain, which means transactions do not need a centralized third-party, like a centralized exchange, and they can be easily verified using the Ethereum or other chains’ block explorer.

Projects can build with KyberSwap to access its different features, such as the instant settlement of token swaps, liquidity aggregation for the best rates, liquidity pools, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.

The Kyber Network Crystal (KNC) token is a utility and governance token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals - and earn staking rewards in KNC that come from trading fees. Investors in KNC include #Hashed, Signum Capital, ParaFi Capital, HyperChain Capital.

Kyber Network Crystal v2

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible. Today, Alchemy Pay is supported in over 70 countries with 300 payment channels, has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token ACH, is an ERC20 native to the Ethereum blockchain.

Alchemy Pay

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.