MOBU — The Growing Currency of Africa

Blockchain is a highly secure system facilitating the recording and tracking of information in a way making it impossible or difficult to hack, change, or cheat the system.The information may be tangible (a car, house, cash, land) or intangible (patents, intellectual property, copyrights, branding). Therefore, Blockchain, enables the presence of cryptocurrency. In a simple way if we try to understand, cryptocurrency is one of the many applications of Blockchain. A cryptocurrency is a digital medium of exchange currency using encryption techniques to control the formation of monetary units and to authenticate the transfer of funds.

MOBU is a highly trustworthy Blockchain open for the public to join and use token transactions. In the era of digitalization, the institutional financial sector facing privacy issues with some low-tech systems. Therefore, offering a security tokens becomes extremely challenging due to the extent of legal, technical, and regulatory procedures and requirements. MOBU aims to overcome this obstacle. It supports Windows, Linux and Mac servers. The technology used behind the MOBU Blockchain has ability to crack many real-world problems thus offer an excellent economic structure and business model. MOBU was the largest ICO out of Africa with a leading international advisory board at the stage. MOBU originally was an ERC20 token but intends to upgrade to their own advanced blockchain solution. Founder, Juan Engelbrecht has been innovative since the beginning of crypto and believes MOBU has the potential to become the currency of Africa as it is simply more efficient.

MOBU solves the below problems that a Blockchain programmer should face as it is an emerging concept and no single individual could pretend to be perfect in all Blockchain developing skills:

· The data structure is well organized in the MOBU Blockchain by highly experienced engineers. As needed for the deployment and advancement of systems, MOBU engineers are engaged promptly with the data structures skill.

· The MOBU developers are aware that smart contracts area popular concept in the business, therefore, MOBU aspires to use smart contracts.

· Cryptography is an approach for designing algorithms and procedures to prevent a foreign entity from reading and understanding content from private messages throughout a communication session. This approach has been well identified and used by MOBU.

· Interoperability is the potential of viewing and collecting information across many Blockchain systems. As the information cannot be shared across the MOBU. Blockchains, unfortunately, interoperability is not attainable at present. Therefore, interoperability between Blockchains is accomplished using application programming interfaces.

· Transaction speed is very high: 1500–2000 tps/sec and confirmation of transactions within few seconds.

· There is no Stipulation code

· Environment friendly — although MOBU intends to initially adopt a POW consensus methodology the difficulty is set that is will remain easy to be mined even with a smart phone to save electricity costs.

Here, we can conclude that MOBU is an excellent way of exchange of monetary value adhering to all issues faced by many developers. Can MOBU solve the unbanked issue in Africa? Only time will tell.