Glossary
Term | Description |
---|---|
Master Account | The credentials for the Master Key. |
Master Key | A root entropy controlled by the Exchange. |
MobileCoin Tokens | MobileCoin tokens (MOB) are a new cryptocurrency that you can send over the internet. |
Root Entropy | A random string, which is the seed for an account Master Key. |
Request Code | A payment request code for MOB to be sent to a specific account and subaddress. MobileCoin uses request codes to wrap public addresses. |
Mixins | Random coins that are included in transactions to preserve the privacy of the sender by mixing in random coins from the ledger with the coins the user wants to spend. |
TxOuts | Transaction oOutputs where every transaction uses TxOuts as inputs to create TxOuts as the output of a transaction, similar to a coin. |
Merkle Proofs of Membership | A privacy measure for senders of MOB. MobileCoin preserves the privacy of the sender by mixing in random coins from the ledger (mixins) with the coins the user wants to spend. A Merkle Proof of Membership is provided with each mixin as proof that the input is included in the MobileCoin Ledger, so that new coins cannot be forged. |
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