DreamHost Joins MobileCoin Foundation

Today we’re happy to announce that DreamHost has joined the MobileCoin foundation.

MobileCoin is a cryptocurrency designed from the ground up with privacy, price stability, and usability in mind. MobileCoin’s low-cost global payment network is key to the continued success of our global customer base looking for an inexpensive, easy-to-use payment platform.

What are cryptocurrencies?

Put simply, cryptocurrencies are digital currencies. They’re encrypted and decentralized payment systems. And there’s a lot of them out there. You’ve probably heard of Bitcoin — the world’s first cryptocurrency. In all, there are over 6,000 digital currencies trading today with names like Etherium, Dogecoin, and Brettcoin, to name just a few!

MobileCoin is simple to use.

MobileCoin aims to be as easy and intuitive to use as some of the world’s most popular payment systems. It was created with ease-of-use and a focus on the end-user experience at the heart of every design decision.

It’s stable.

MobileCoin is designed to be highly resistant to the volatility inherent in most cryptocurrencies. It’s what’s called a “stablecoin,” as its value is tied to actual currency in the world. It’s quite unlike other cryptocurrencies whose value can jump and rise several thousand dollars over the course of just a few hours due to the actions of just a few coin holders.

It’s fast.

Traditionally, most cryptocurrencies have been very difficult to use. Technical hurdles — combined with tremendously long transaction times that take hours (or days!) to complete — have caused many cryptocurrency enthusiasts to treat it as a long-term investment and not a spendable currency. Due to some smart architecture decisions, most MobileCoin transactions complete in under 10 seconds.

It’s secure.

MobileCoin is focused on user privacy. As its name implies, MobileCoin is meant to be a mobile-first cryptocurrency that integrates into secure communication apps like Signal and WhatsApp.

Our Involvement

DreamHost is proud to be a MobileCoin launch partner.

We’ve always embraced open source projects that help people own their digital presence, and MobileCoin ticks all the boxes. It’s a low-cost global payment network that helps all our customers, particularly our international customers, transact business safely and securely.

DreamHost will be inaugural members of the MobileCoin Foundation, and we’ll be donating our time and resources to run several smartly-designed, highly encrypted MobileCoin processing nodes on our network.

These nodes are just a first step. We’ll continue to offer advice and guidance through our seat on MobileCoin’s Technical Advisory Committee and can’t wait to see how our many small business customers choose to take advantage of this new payment technology.

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source https://www.dreamhost.com/blog/dreamhost-joins-mobilecoin-foundation/