MIB- Mobile Integrated Blockchain
The world has really experienced a transformation; the introduction of the blockchain technology has started all kinds of revolution in different sectors of the world economy. If you have been following my posts, you would notice i talk a lot about cryptocurrency and the blockchain technology as a whole and i base mainly on the revolutionary changes started by the introduction of the blockchain technology and its only the beginning; blockchain technology has not even hit its peak yet. Since the introduction of cryptocurrencies, investors have been looking to come into the cryptocurrency world, cryptocurrency traders are being born. This cryptocurrency era brought about cryptocurrency exchange platforms, cryptocurrency trading and even cryptocurrency mining.
Cryptocurrency mining is the use of powerful equipment to create complex algorithms to solve series of blockchain computations and whenever a computation is solved, the solver gets rewarded by the particular cryptocurrency being mined at the point in time. These cryptocurrency mining activities take up huge amounts of power, power that could actually be used to power certain countries and this power usage is due to the heavy machines being used for the mining operations. Imagine areas with very unstable power production, how exactly would mining activities take place?
A system that would cut down the power consumption associated with cryptocurrency mining and open up mining activities to everyone, even areas of low power production is urgently needed and thanks to the blockchain technology, that system is the "MIB" platform (Mobile Integrated Blockchain).
When I say a system that would cut down the power consumption associated with cryptocurrency mining, I did not mean maybe by 10% or 20%; I meant a system that would cut down the power consumption associated with cryptocurrency mining by at least 95%. We all know that the heavy equipment needed for cryptocurrency mining is not something one can just go into a store to purchase and even if one can, they cost a whole lot compare to smart phones that are available everywhere even areas of low power production. This is exactly the point of application of the MIB platform; the MIB blockchain network is effectively maintained by a smartphone hash. The power consumed by smartphones is negligible compared with the power consumed by the heavy cryptocurrency mining equipments, hence a mobile environment used for mining activities would invariably offer a much lower power consumption than the existing mining environments.
MIB aims at spreading its reach and expanding into businesses with SmartX blockchain platform built for mobile devices
MIB Blockchain Network.
Mining has always been a monopolistic process, not everyone possesses the ability to own cryptocurrency mining equipment and at the same time, not every country produces sufficient power supply and those that do, there are severe consequences. Mining pulls a huge amount of power and areas where mining is really rampant experience ridiculously high energy fees. As mining activities continue, these fees would only increase. Now imagine what would happen to these energy fees when the mining environment is being transformed to that of a mobile device, a lot of money would be saved as power production and even energy fees would be cut down by at least 95%. The mobile mining environment would even pull in more miners as it would no longer be a case of acquiring heavy mining equipment, rather it would be a case of acquiring a smartphone.
MIB Roadmap.
Q3 2017
-Blockchain R&D team created.
-Developed cryptocurrency trading engine and exclusive selling menu for the miners.
-Initial conceptualization of SmartX Blockchain Platform.
Q4 2017
-SBP project planning and research on technical aspects.
-Formed a dedicated team for the MIB coin peoject and completed conceptualization.
Q1 2018
-Release whitepaper.
-Official MIB website.
-Team reinforcements.
-Presales.
-Upgrade SBP development.
Q2 2018
-ICO
-Expert MIB website.
-Start mining Android and iOS beta version test.
-MIB blockchain API center open.
Q3 2018
-Main network release.
-Go public with mining pool client.
-Go public with smart mining application.
-List cryptocurrency on major exchanges.
-MIB coin mining begins.
-Support master node community.
-Add C to C trading service.
-Add coin send and money transfer.
Q4 2018
-Establish SBP R&D center for enhancement.
-Open platform develop center for ecosystem expansion.
-Support issuance of functional token and technical investment.
MIB Coin Allocation.
50% of the total supply of MIB Coin is allocated to smart mining, 27.51% of total supply is used for the maintenance and management of MIB network ecosystem, 22.49% of total supply is distributed to the presale, ICO and stakeholders.
Use of proceeds.
