mCoin Coverage in Bitcoin Exchange Guide
While it is obvious for us to see that the internet has completely revolutionized the way many industries work within the world today. There are still many people across the planet who don’t have access to the internet 24/7. As a result of this, they are not able to take full advantage of the the various “cryptographic/ blockchain innovations” that have taken place recently.
What Is mCoin?
Simply put, we can think of mCoin as an all new digital cryptocurrency that is based entirely within the original BTC blockchain. However, what really sets mCoin apart from other similar altcoins is the fact that it is accessible even without a stable internet connection. Additionally, as with all decentralizedcryptocurrencies, mCoin is completely independent, and is not controlled by any central authority.
Some of the core aspects of this technology include:
Inclusive:
As mentioned earlier, there are still a lot of people across the planet who don’t have stable access to the internet. Thus, mCoin can serve as the perfect crypto option for such individuals (as it can be utilized even without the use of a direct internet connection).
Unique Procuration Possibilities:
While most currencies are obtained via regular means such as cryptomining, mCoin can be obtained via a unique method called “ Pseudo Mining”. This is a technique that allows users to secure coins without an active internet connection (via the use of a specially designed “proof of work” mechanism).
Scalability:
Another key aspect of mCoin is its ability to be widely adopted due to its scalable framework. In addition to this, the company has also teamed up with external mobile network operators to allow for instant operational expansion (as and when required).
Incentivized Ecosystem:
As per the official company whitepaper, mCoin will be making use of a rewards system that will allow users to trade their earned points in exchangefor mCoins. All of this will be possible without the use of an internet connection.
What Is The OneM’s Unconnected Mobile Cryptocurrency Platform?
ONEm is the parent company behind mCoin. This platform will serve as the foundation for all of the company’s transactions and transfers. It will connect mobile operator networks with platform participants and connect them via the use of a “private-cloud”. From a more technical standpoint, we can see that all communication within this network will take place via the use of standard protocols such as
- HTTP for Web,
- SIP (Session Initiation Protocol) for voice
- SMPP (Short Message Peer-to-Peer Protocol) for SMS.
In addition to all this, the platform is secure and scalable. It can currently support up to a million users, and comes loaded with an interface that has services such as “sms based menus”; “multi-modal web interfaces’ etc. Lastly, customers will have a plethora of options to interact with the system, depending upon the media device they are using.
About The Native Wallet
In order to execute payments, ONEm will be offering all of its users with a native wallet. Though the use of this tool, customers will be able to seamlessly exchange, trade, store a wide array of cryptocurrencies in a safe manner. Other key features of this wallet include:
- Hybrid Support: it can be used on a smartphone as well as on a PC
- Voice-based wallet using biometric authentication.
Who Is Behind mCoin Project?
As per our research, Christopher Richardson is the co-founder and CEO of this venture. According to his LinkedIn profile, he describes himself as being a “serial entrepreneur, with over 20 years experience in the domain of startup investments”. Additionally, Chris has also served as the head for Satellite communications technologies, and was the person responsible for bringing CNN to television stations in Africa and the Middle East. In a similar vein, Hatim Ibrahim serves as the company’s COO. He has over 20 years of experience in the television domain, and has previously worked as the head of 2 wholesale telecommunication companies within the MENA region. Lastly, My Hoa Tien is the CCO of ONEm. She holds an MBA degree in International Business Management, and has worked with over 20 telecom startups in the past decade.
