What is Mixin?
Mixin Network is a free and fast peer-to-peer transactional network for digital assets, designed to solve blockchain scalability.
Mixin came out at the end of 2017, there are some words that make people feel confused, like Mixin, Mixin Network, Mixin Messenger, and XIN. People always misunderstand them, if you agree, please continue reading this article, you will find the answer.
Mixin is the name of the project and the name of the blockchain or we can say it's a public blockchain, and Mixin Network is a free and fast peer-to-peer transactional network for digital assets.This distributed cross-chain solution with built-in smart contracts that facilitates direct and safe cryptocurrency and crypto-asset transfers.
This allows developers to build Mixin-based Cross-Link Network Protocols. As a TEE-powered BFT-DAG network, Mixin can connect all existing blockchain with unlimited throughput. Now supports Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Sia. In addition, Mixin will support all popular blockchains quickly.
Mixin Messenger is an example to show developers how to create DApps on Mixin Network. Users can easily access their phone numbers and 6-digit PIN codes. XIN is a single token used by many services in Mixin, especially the full node guarantee, DApp creation and API calls.
To join the network as a full node, it must be promised to at least 10,000 XIN to build initial trust. Each DApp creation will cost XIN for one time, the cost is determined by the resources that DApp claims to consume. Mixin API calls from DApp may require XIN fees depending on the type of call and number. All XIN charged penalties and fees by the network will be recycled to mining.
One more thing to tell you that Mixin sponsors hack.summit () 2018, the virtual Hackathon, will take place from July 6 to July 8, 2018, we provide prizes of up to 100 XIN, for more information about the Hackathon challenge, please read this.
Features of Mixin Coin
Highlights of the Mixin platform are:
Distribution of Encryption from end to end
Mixin uses the message sender signaling protocol key to encrypt and manage all conversations, whether it's direct messages or targeted in chat. No one can check anything from messenger, even a fully functional button and Mixin's high reputation cannot be read.
All messages will be permanently deleted on the server after being read by all recipients in the conversation. Meanwhile, photos, videos and all other senders attachments are also encrypted with an AES key before uploading the platform's cloud storage. This is Mixin's very prominent feature.
Mobile Based Identity and PIN
One of the most important ways to identify or manage an account is not a performance, which is the process of identifying or managing an account. paragraph.All popular blockchain networks now require people to manage at least one private key to maintain their identity, which is very difficult to remember, and sometimes causes problems for many people.
People want to access this technology. In the Mixin platform, he has designed a simpler identification solution, namely identity and management based on the telephone verification code and PIN. With the use of TEE technology, Mixin telephone identification and PIN code solutions have the same level of security as other blockchain platforms.
How Mixin Network works:
Mixin Network is a system that includes various high-performance distributed registries. The "kernel" system has a root, as well as third-party domains that perform gateway functions. Third-party domains store and analyze all information about various blockchain. In turn, the kernel performs control over verification and is an over all ongoing transaction in the system and their assets. Using domain extensions Mixin is the installation of smart contracts. It uses only one computing device. This smart contract is characterized by high reliability, performance, in contrast to Blockhere ethereum. For each transaction, Mixin uses a mechanism to generate one-time keys.With the help of the Mixin kernel, all the ongoing cryptocurrency transactions are scaled. All information is transmitted using a special protocol based on DAG. The call system allows communication between the Mixin domains and the kernel. For this, 2 public keys are used. One key relates to the domain, and the second to the asset. The Mixin public key, and the wait for the confirmation of the transaction from the kernel.
XIN - Token
XIN is a single token used by many services in Mixin, including complete nodes guarantees, DApp creation and API calls. To join the network as a complete node, one must promise at least 10,000 XIN to build initial trust.
Each new action to make DApp will have a one-time fee in XIN, the amount determined by the resources claimed by DApp for consumption. The Mixin API call from DApps can cost XIN well, depending on the type of call and number.
All XIN charged penalties and fees by the network will be recycled to mining. 1,000,000 total permanent XIN tokens are available at one time, and 400,000 distributed to holders from 25/11/2017 to 25/12/2017 at a rate of 20 EOS / XIN.
50,000 XIN has been distributed to early adopters of Mixin Messenger. 50,000 XIN is provided for the development team. The remaining 500,000 XIN will be an incentive for all nodes and the Mixin light node.
Economic Conference held by COINJINJA in Tokyo, Japan On September 15, Cedric Fung, founder and CEO of Mixin Network.
This summit aims to strengthen the exchange of global blockchain technology between developers and promote global blockchain development. Bringing together the best developers and block projects in the world for prospects and advancing the development of blockchain applications.
Currently, many traditional project entrepreneurs have approached the Mixin Network, and most of these entrepreneurs have more mature products.The Mixin network will fully embrace developers and provide full support.
Mixin Conclusion
The company is able to trade, exchange, buy or sell various cryptocurrency in peer to peer networks. This company works with a variety of currencies, languages and contracts. To learn more about the platform, continue to mixin.one and check the platform for yourself.
Here is a review that I present to all of you in searching for information and knowing the MIXIN NETWORK project, if there are any definitions in this article, don't worry, I have prepared a link so you get accurate information. information. information and of course you will be able to speak directly with the founder or their team, at the link.
Roadmap
Team Success
For more information and joining MIXIN NETWORK social media today, please follow this resource:
- 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
- Twitter: https://twitter.com/Mixin_Network
- Facebook: https://www.facebook.com/MixinNetwork
- Telegram: https://t.me/MixinCommunity
- Github: https://github.com/MixinNetwork
- Reddit: https://www.reddit.com/r/mixin/
- Youtube: https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew
Author; Melati21
Profile link; https://bitcointalk.org/index.php?action=profile;u=1357963
Email address; parasite887@gmail.com
ETH address; 0x838d9F4750DFC63f9A75bdA335840C0A84aD3afc
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