MobileCoin is a new cryptocurrency designed to be used by everyone.
MobileCoin is an effort to develop a fast, private, and easy-to-use cryptocurrency that can be deployed in resource constrained environments to users who aren't equipped to reliably maintain secret keys over a long period of time, all without giving up control of funds to a payment processing service.
MobileCoin starts by recognizing that not all clients are capable of participating in a P2P network, and proposes a federated approach instead. The MobileCoin network design is made up of nodes, where each node is designed to serve users.
Nodes do the heavy lifting of tasks that are ill-suited for user clients, such as maintaining an expansive ledger and processing high-throughput low-latency transactions, but are designed such that a node operator should not have access to their users' funds nor learn anything about their users' balances and transaction history.
This is accomplished via a layered approach, combining several levels of protection for defense-in-depth and forward-secrecy.
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.
Most transactions complete in less than a second, so payments happen instantly. Like payments should.
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.
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