MobileCoin Price Tops $0.58 (MOB)

MobileCoin (MOB) traded down 4.8% against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on November 24th. MobileCoin has a market capitalization of $43.33 million and approximately $640,489.82 worth of MobileCoin was traded on exchanges in the last day. One MobileCoin coin can currently be bought for approximately $0.58 or 0.00003533 BTC on major exchanges. During the last seven days, MobileCoin has traded down 4% against the U.S. dollar.

About MobileCoin

MobileCoin is a SCP coin that uses the Blake2b hashing algorithm. It launched on September 29th, 2021. MobileCoin’s total supply is 250,000,000 coins and its circulating supply is 74,218,324 coins. The official message board for MobileCoin is medium.com/mobilecoin. MobileCoin’s official Twitter account is @mobilecoin and its Facebook page is accessible here. The Reddit community for MobileCoin is https://reddit.com/r/mobilecoin and the currency’s Github account can be viewed here. The official website for MobileCoin is mobilecoin.foundation.

According to CryptoCompare, “The MobileCoin Protocol is a set of rules that define a decentralized cryptocurrency. Anyone is free to review the open soure code that implements the protocol, to verify that it is correct or to propose improvements. The MobileCoin Foundation will oversee development of the MobileCoin software in GitHub.The amount of energy required to operate the MobileCoin network is held low by avoiding Proof of work in favour of Federated Byzantine Agreement via the Stellar Consensus Protocol.The Stellar Consensus Protocol was first described in a whitepaper by David Mazières in 2015. It is a “federated Byzantine agreement system” that allows decentralized, leaderless computing networks efficiently to reach a consensus outcome on some decision.”

Buying and Selling MobileCoin

It is usually not currently possible to buy alternative cryptocurrencies such as MobileCoin directly using U.S. dollars. Investors seeking to acquire MobileCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy MobileCoin using one of the aforementioned exchanges.

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