The Mobius Network

A few weeks ago I stumbled upon Mobius Network which aims to connect billions of people and devices to the blockchain economy. But only recently I started researching and finding a lot of interesting stuff about the project’s ambitions.

Sounds cool, but what’s Mobius, right? In a few words it’s a protocol for connecting consumer applications and high-fidelity oracles to the blockchain economy.

An oracle, in the context of blockchains and smart contracts, is an agent that finds and verifies real-world occurrences and submits this information to a blockchain to be used by smart contracts. Smart contracts contain value and only unlock that value if certain predefined conditions are met. When a particular value is reached, the smart contract changes its state and executes the programmatically predefined algorithms, automatically triggering an event on the blockchain. The primary task of oracles is to provide these values to the smart contract in a secure and trusted manner. Blockchains cannot access data outside their network. An oracle is a data feed – provided by third party service – designed for use in smart contracts on the blockchain. Oracles provide external data and trigger smart contract executions when predefined conditions meet. Such condition could be any data like weather temperature, successful payment, price fluctuations, etc.

The Mobius Network has three main utilities (at least for now):

1. Stripe for Blockchain
2. Universal Proof of Stake Oracle Protocol
3. Smart Markets: Machine to Machine (M2M) Micropayments

In the first case, the Mobius can be imagined as integrating tokens into existing apps, connecting existing apps or data to smart contracts on blockchain and using the network for in-app payments. Mobius already has a DApp Store (https://mobius.network/store?lang=en) and API Docs (https://mobius.network/docs/#introduction) with available libraries for  Node.js, PHP, Python, React Native, and Shell using curl (but Ruby library is coming soon and others are to be expected also once the community grows).

For the second case, Mobius is “patent pending” (although not a lot of extra information is available), but the ecosystem will connect real world data to blockchain and Mobius tokens will enable high fidelity data transmissions to blockchain and to secure smart contracts.

The third case is for Smart Markets where the protocol will allow smart devices to share resources and make payments. The main advantage here is that the network will enable real time micropayments as the Mobius protocol offers low transaction costs. In this M2M ecosystem (Machine to Machine) there won’t be any more middle parties necessary.

All these utilities are possible because Mobius promises near 0 fees. Sounds cool again, right? :)

Mobius protocol is exponentially cheaper than 99.9% of tokens in existence. It’s also secure,  as it’s built from the ground up with limited attack surface. This makes the smart contracting capabilities significantly safer from adversarial attack and much easier to audit. The Mobius protocol is made to scale and supports consumer facing apps for blockchain commerce today. The Mobius DApp Store allows companies to accept blockchain payments with over 1,000 TPS (transactions per second). Compare this to the on 7-14 TPS of Ethereum and all other ERC20 tokens.

This triggers the last main question: Is Mobius an Ethereum token? :) Nope, it’s a Stellar token (https://www.stellar.org/)

This sounds promising (game changer), as the Mobius API allows developers to connect and build on the blockchain, thus deployment of DApps (decentralized apps) is not contingent on learning new blockchain languages. The Mobius DApp Store is a decentralized platform to host these apps. As, Mobius exists on the Stellar platform, it ensures that all these DApps can scale.

The Mobius token will be the default unit of payment for the DApp Store. But the Mobius API also allows access to other blockchains. For example, if a DApp creator wants users to remain anonymous, Monero or Zcash can be accepted. The Mobius ability to connect many blockchains, means accepting ERC20 tokens is also possible. This triggers a competition between Ethereum and Stellar, two distinct platforms and it will be interesting to see which can handle a mainstream economy.

Sounds interesting? Please feel free to go on the official website: https://mobius.network/