Introduction
Mixin is a peer-to-peer blockchain which aims to solve the problems/weaknesses associated with almost all cryptocurrencies and blockchain while improving the features of blockchains. Every cryptocurrency or blockchain has its own weakness and strength and it is the desire of the developers of cryptocurrency/blockchains to correct these weaknesses as much as possible. Mixin is a blockchain which combines the features of blockchain while improving these features with the aim of building a blockchain which is free from any form of weakness. One may ask “What makes Mixin special?” and “What shows Mixin is capable of correcting weakness of blockchains?
THE UNIQUENESS OF MIXIN NETWORK
High level of security characterized by a complex structured system or topology is one of the main features of Mixin. Mixin platform uses a complex security to ensure that transactions carried on the platform are always secured and has the lowest chance or almost impossible to be compromised. Mixin is made up of a component called the Kernel. The kernel uses a ghost address and ghost keys to verify transactions. Ghost address cannot be traced or seen by anyone except the receiver of the ghost address. Moreover, ghost address cannot be reused. This is just one of the measures to ensure transactions are always safe. Also, every contract or transaction carried out on Mixin platform requires a CryptoNote algorithm to sign by the sender after he/she has sent the ghost address to the receiver. The signed transaction is sent to the kernel for it to go through subunits in the kernel called nodes. Nodes verify transactions conducted within the Kernel and act as a key to the kernel.
Also, Mixin platform ensures the Kernel does not act as a central body by ensuring that the Kernel can be switched on by different nodes. The Kernel can be booted by at least seven nodes. The nodes act like keys to the kernel. Seven or more nodes ensures that the kernel is not controlled by a single individual or body who may act according to his/her whims and caprices. This is a measure to prevent centralization of the platform. Decentralization is one characteristic of a good and user-friendly transaction platform.
Availability of contracts or assets from different blockchains is another outstanding feature of Mixin. Mixin through its domains make assets available to users on its platform. Domains act like connections to the Kernel which is the main body of the Mixin platform. The assets on the domains can even originate from Ethereum, Bitcoin or other blockchains. The assets which are made available on the platform are sent to the kernel for verification or validation. One must note that the domains serve as ledgers while the kernel serves as a verification point for assets or contracts which are run in the domains. The kernel also serves as a component of the domain and it remains a decentralized component of the Mixin platform. Therefore, users on the Mixin platform has the chance to communicate with other users on different blockchains in terms of contract offers or procurement of assets.
Effective and efficient control of transaction is also another significant feature characterized by Mixin. After verification of transactions, each node (key to the Mixin Kernel) in the Mixin kernel creates a snapshot of the transaction. Each node in the Mixin platform holds 10,000 XIN which is about 2% of the network stake. Under ideal conditions, a snapshot is supposed to be broadcasted only once to the public network after the transaction is verified or validated. In case a node broadcast its snapshot twice, the node will be removed from the kernel, its component will be collapsed and its collateral will be recycled into the general mining pool. This is done to prevent a node from acting as a potential threat to the security of a transaction. Therefore, Mixin blocks all potential threats to transactions and never give them a chance to invade the platform. This ensures that the security associated with Mixin platform is always efficient and effective.
The Market from all indications obviously shows that it is ready for a change in how things are running. First of all is with the issues of inflating prices and also several peer-to-peer transactional networks for digital assets platforms are not ready to spend enough time and money on the various digital assets that are of great value. Contained in the whitepaper(https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf ) is detailed information which shows how the Mixin Protocol is going to be carried out and I entreat all investors to read it and get the full understanding into this awesome project.
TEAM MEMBERS
ROADMAP
MIXIN TOKEN ECONOMY
Mixin Network has brought about a token (XIN) economy to be used in its ecosystem. The token comes with some important benefits. The token grants a holder future access to all assets under management of Mixin Network. Investors can get some of the tokens either by buying them from the Global Reit fund manager or the open market.
Please reach out to Mixin Network on the following contact lines;
Website: https://mixin.one/
Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5048498.0
Facebook: https://www.facebook.com/MixinNetwork
Twitter: https://twitter.com/Mixin_Network
Telegram: https://t.me/MixinCommunity
ABOUT AUTHORSHIP
Bitcointalk Username; Mary Ofosuhene
Bitcointalk profile link; https://bitcointalk.org/index.php?action=profile;u=1523326
