PRELIMINARY
The Bitcoin Network is seen by most people as free from challenges, but I tell you the case is not what you think. It has a lot of challenges such as it is slow in confirmation, insufficient transaction capacity, and high handling fees. The Bitcoin Network is not viable to fix existing key problems because of its highly distributed nature. Because of these problems, other people have the tendency of developing new projects rather than amending the Bitcoin's project such as Ethereum, Stellar, Monero and many others. These new projects created to solve Bitcoin's network challenges are all fruitless and could you imagine that these projects are not benefiting from one another? Now, this is where MIXIN has revolutionized to solve the aforementioned challenges faced by projects and individuals. It is not too late for the existing once (projects) to collaborate or integrate with the MIXIN NETWORK so as to benefit from one another and to acquire more efficacy on their platform. Mixin Network supports twelve (12) blockchains such as Bitcoin (BTC), Ethereum (ETH), EOS, Ripple (XRP), Ethereum classic (ETC), SiaCoin (SC), Bitcoincash (BCH), Litecoin (LTC), DASH, Doge, Zcash (ZEC) and NEM (XEM). As a result, it supports transactions of over 40,000 cryptocurrencies, which let those projects benefit from each other. MIXIN is a new innovation with potentials, it has DApp and also it is a decentralized exchange with several partners which I will list below.
What a mind-blowing history, Mixin network project started in November 2017 and the network has processed significantly about 100 million transactions, and all of these transactions are free and confirmed within seconds. Whoa! I guess this is unbelievable.
WHAT IS MIXIN.ONE NETWORK
The Mixin network is a free and lightning fast peer-to-peer transactional network for digital assets. It is a UTXO transaction network, aimed at transaction functionalities and privacy fortification. Mixin Network is a creation of a single theoretically permanent Kernel, different multipurpose Domain Extensions and, many dynamic Domains to invent an extended star topology. Mixin Network is a public distributed ledger to permit any public distributed ledgers to gain trillions of transactions per second (TPS), zero transaction charges, sub-second final confirmation, enhanced privacy and unlimited extensibility.
The Mixin network powerhouse is the Mixin Kernel which is a distributed network, it is a high performance distributed ledger that mainly verifies asset transactions but does not produce assets whatsoever. The Mixin Domain feeds the Mixin kernel with assets (assets from Bitcoin, Ethereum, banks or other blockchain assets), and every single Mixin domain is a distributed ledger. Each of this Mixin Domain has several Domain extensions attached to them. The Mixin platform (kernel and domain) are decentralized open source.
INTRODUCING THE MIXIN KERNEL
Like I have previously mentioned, the Mixin kernel which adopts the UTXO model of bitcoin is the powerhouse of Mixin network that handles transactions and CryptoNotes one-time key derivation algorithm to enhance traders and investors privacy, it is a fast-asynchronous Byzantine (BFT) fault-tolerant directed acyclic graph to handle unspent transaction outputs within limited Kernel Nodes. The sole part that handles transactions and CryptoNotes one-time key derivation algorithm is called the Ghost Output.
Mixin kernel being asynchronous BFT requires 10000 XIN (Mixin token) as a pledge to each Mixin Kernel Nodes (50 Kernel Nodes is available on the Mixin Network), this kernel can only be functional with 7 Kernel Nodes joined. The Mixin Byzantine consensus is secured by disciplinary PoS that identifies a Node an attacker if the Node tried to transmit a noticeable double spend snapshot.
The Mixin Kernel runs on a Trusted Execution Environment (TEE) that ensures three core security and trust factors (see list below) in the Mixin Kernel making it more secure by utilizing the Intel SGX
All Kernel nodes should run the same consensus ruleset.
Mixin Kernel will be trusted due to the Intel SGX enclave, even when the Kernel is controlled by several earlier Kernel nodes.
Distributed Domain communications will be much more secure.
For the convenient of an account balance, the Mixin Ligh Node which is a simplified payment verification Node to Mixin kernel, stores every unspent output.
THE MIXIN NETWORK ATTRIBUTES
Verifiable security;
Scalability;
It is free;
It is ease of use;
Full set of cryptocurrencies;
Business level TPS;
Developer friendly.
SOME ADVANTAGES OF MIXIN NETWORK
It supports transactions of over forty thousand (40,000) cryptocurrencies that permits other projects to profit from one another.
It offers transaction solutions for other
blockchain projects.
It will support top 50 blockchains in CoinMarketCap in the near feature.
Mixin Network offers transaction solution for a prompt transaction with full currency selection for developers, businesses, entrepreneurs, and financial institutions.
Zero transaction fees.
Public distributed ledger can gain trillions of TPS.
Unlimited extensibility.
Developers can develop their own exchanges via the Mixin OceanONE which has been verified by SlowMist Technologyfor its security.
MIXIN APPLICATION
The Mixin application can be downloaded on the Android platform from Google Play Store
Developers can use the Mixin social application to develop a full-currency wallet for their business.
Mixin supports wallet and transfer functionality for Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Ripple, Litecoin, sia.
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MIXIN TOKEN
The Mixin Network token "XIN" is the fuel of the Mixin platform, it is an ERC-20 standard utility token that will be utilised across the platform for transactions. The Mixin Network token "XIN is already listed on CoinMarketCap
Token name: Mixin
Ticker: XIN
Token type: ERC-20
Total Supply: 1,000,000 XIN ($122,997,456.38)
Price: $122.9975 @ 0.614342 Eth
Mixin Token Contract Address
MIXIN PARTNERS TILL DATE
Mixin partners1.png
GET IN TOUCH WITH MIXIN
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ARTICLE WRITTEN BY TIVERE AKPORODE
BITCOINTALK USERNAME: TIVERE
