With the introduction of the bitcoin whitepaper by Satoshi Nakamoto in 2009, the world got its first taste of a peer-to-peer electronic payment system with decentralized governance. ¹ Centralized payment networks are convenient, but they offer few data protection guarantees, meaning that users are exposed to security risks and abuse by intermediaries. We can build secure software in a world where anyone can audit our technology, which is why we are committed to keeping our payments protocol open-source, now and forever.Ĭommerce on the Internet has come to rely almost exclusively on centralized financial institutions serving as trusted third parties to process electronic payments. In doing so, we support the community in verifying that the intention of our design matches our implementation. To build trusted systems, we must start with making our code public.

Open-source technology is publicly auditable. Layer 7: Secure Enclaves and Remote Attestation.MobileCoin’s software is composed of 7 defensive layers, each providing increased security: Next, we’ll discuss what CryptoNote offers for distributed ledgers, how the MobileCoin ledger further protects users, and how remote attestation can help prove that servers you don’t control are running the right software. We will discuss why decentralization is important, how Bitcoin offers digital gold, and why digital gold is not the digital cash needed for payments. This article covers our security strategy for building a safe and secure digital currency.

Transactions complete in just a few seconds, and all transaction information is kept encrypted end-to-end between the parties involved.

MobileCoin was built to enable mobile applications like Signal to send digital payments without compromising on user security.

Signal messenger security audit