In the world of cryptocurrency, there are plenty of innovative concepts worth keeping an eye on. Although not every project will succeed in the long run, it would appear there is an ongoing “competition” between cryptocurrencies with mobile mining capabilities. MIB Coin, Phoneum, Electroneum, and Pi Network are all trying to make a name for themselves right now.
The MIB Coin Purpose Explained
While the MIB Coin website might not necessarily explain the purpose of this currency too well, it appears their focus is rather straightforward. They want to develop a global cryptocurrency where everyone can be a miner and a user. By focusing on smartphone mining, the project might be off to a good start. MIB is also an acronym for Mobile Integrated Blockchain.
To begin mobile mining, users need to download the app for either iOS or Android and begin their “cloud mining” journey accordingly Interestingly enough, there are a ton of MIB mining pools, according to the website. Most of these pools are located in Asia, which…