Saturday, August 18, 2018

MIB Coin; The smartphone-based blockchain network


MIB Coin; The smartphone-based blockchain network

Initial mining challenges has in the past put many off and many have had to look for other alternatives to  get crypto currencies aside mining, but of recent, smarter approaches have come to light as to better ways of mining on the blockchain network. Among early adopter of such approach is  the set of team behind the MIB Coin project.


What is MIB Coin?
MIB coin is a Mobile Mining based Blockchain that has constructed an ecosystem that minimizes the maintenance of Blockchain Network making endless possibilities available through mining with your smartphone.
The Blockchain Network is based on SmartPhone device which is the most widely used device with unlimited functionality as it is called the Mobile-PC. Anyone can download MIB APP on their SmartPhone to start Mining and exchange their Mined MIB Coin. The Mobile SmartX Blockchain Platform (MSXBP) enables various payments and transactions on Mobile Environment.

HOW IT WORKS
MIB coin cannot be mined using existing ASIC and GPU methods. It is only available on smartphones.
MIB is designed so that your smartphone
is able to withstand the computational complexity
required for mining and protect your smartphone from overheating and damaging the hardware.
Another interesting thing about is that it`s possible to do this with one smartphone and even at a reduced power by 99.24% compared to existing mining machines offering greater eco-friendliness, lower cost and higher accessibility. This solution will improve mining participation in areas with unstable power production, such as Africa, South America, Central Asia, and South East Asia as anyone can mine with a smartphone.

CONCEPT OF SMARTX BLOCKCHAIN
  • It is not a dedicated mining machine (ASIC or GPU).
  • It is mining on the smartphone.
  • Mining that was exclusive to only certain countries and companies are now
  • Available to all. Everyone can participate.
  • An eco-friendly, low-power energy-based mining method solves excessive power consumption issues.
  • Keep it at a minimal cost instead of existing high cost blockchain networks.


TO START MINING