What is Mixin Project?

What is Mixin Project?

Mixin is a network that is built on the BFT-DAG network and connects blockchains that already are in operation with an unlimited throughput. You can find the platform for download on Google Play if you own an Android, and if you own an iOS then you can download it on the App Store any time. You can also follow them on the social media networks like Facebook, Twitter, Share, and Email.

Mixin is composed of a single theoretically permanent Kernel, many dynamic Domains and different multipurpose Domain Extensions, to formulate an extended star topology. 

This topology may lead to the concern that Mixin is a centrally controlled network, but that’s not the case because of how the Kernel itself works. 

Mixin Consensus Protocol

Mixin Kernel blockchain protocol uses a Proof-of-Stake consensus algorithm. The node is able to stake at least 10,000 XIN as security in exchange for the capacity to approve transactions on the Kernel Blockchain protocol.

Each node on Mixin Kernel protocol is entitled to 10,000 XIN, which is up to 2% of the network stake. The Kernel will only be able to work with at least 7 nodes which is approximately 15% of the whole network stakes.

Privacy

The Mixin Network is able achieve privacy for its users with a feature of a one-time key generation algorithm which enables the system to create a ghost address that can be get rid off at the end of any transaction.

Mixin Domain

The Mixin Domain interact with the Kernel through system calls.

For a separate asset e.g an Ethereum asset to interact with the Mixin Kernel, a Mixin public key is first created to link with the domain after which the asset public key is used to connect the asset to the Mixin Kernel. If a user wants to transfer Ethereum from his wallet to the Mixin Network, the domain will create a transaction to the Mixin public key and Mixin Kernel will verify the transaction.

Mixin Messenger

Mixin Messenger is a mobile messaging application which users can use to chat also to send or receive cryptocurrencies even with their phone numbers.

The app can be download on Android playstore and Apple store. The app is built with a digital wallet with a capacity of performing fast and high performance peer-to-peer transactions between Mixin contacts.

XIN Token

The XIN token are the platform token which is been used in the network like Bitcoin or Ethereum coins. The token is paid to those who support the network by validating the transactions. It can also be staked in the proof of stake protocol with a minimum of 10,000 tokens.

How Does Mixin Network Work?

What is known about Mixin can be seen through the program that links to it. The Mixin Messenger application has been made accessible to online users. It is as of now amidst development may even now be unsteady however. This includes the potential for the program to have security holes inside of it.

Mixin Messenger is a program that let individuals exchange digital forms of money. It uses a completely scrambled format and is intended for the individuals who are interested in getting into the cryptocurrency field.

The blockchain platform delivered by Mixin would enable individuals to exchange these funds instantly. This also enables individuals to create decentralized applications that can take a shot at numerous platforms.

The TEE, or Trusted Execution Environment, setup is a fundamental piece of the Mixin framework. This builds up new payment channels that don’t expect individuals to roll out considerable improvements to a present network. This in turn makes it less demanding for transaction times to go rapidly. The transactions that work within the TEE will also work with transactions that work within an agreement calculation.

The Mixin Messenger application that links to the Mixin currency can be downloaded by individuals for nothing onto their iOS or Android gadgets. Individuals who are interested ought to know that the program isn’t completely finished. It may not be completely practical at this crossroads. There may also be some security dangers connected with the currency, despite the fact that this is a point that can be said for different projects in development.

How Mixin Trusted Blockchain Messenger Network Works?

The platform is designed to offer everyone a fair platform, created on a decentralized network – built for purpose of processing transactions, contracts and businesses within seconds. It is a p2p based system that will make it possible for any third parties to use the system successfully and safely through the use of contracts. The purpose of the platform is to provide an ultra-safe and decentralized environment where people can go to make safe exchanges and transactions.

Token Sales Detail:

The current price of MIXIN, also known as the XIN is $412.77. And the current market cap for Mixin is $169.45M. The newly released cryptocurrency is growing fast too as it has gone up almost 5% up in only a day or so. Parties who use the platform, tend to get support that is above and beyond. If you are serious about working with the Mixin platform, you can go to the company website and sign up to the company newsletter and keep up to date with everything the company has to offer. The company will send you newsletters twice per week, typically focused around blockchain technology and cryptocurrency.

For more information:

Website: https://mixin.one/

WhitePaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5028456.0

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/UNetwork/

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373