As we know that the nature of the Bitcoin network is very inflexible, it is impossible to correct some critical weaknesses. Instead of refining the original Bitcoin project, most people try to find new projects that overcome the perceived shortcomings of Bitcoin.Although many projects like Ethereum, Monero, Stellar, Cardano have overcome several Bitcoin problems and added several new features, but they don't solve the inconvenience of Bitcoin itself, and these projects cannot be mutually beneficial.
In this case I want to introduce to all of you, now a platform that is a solution for all these problems has been born, with a solution that can empower all the widely distributed ledgers. And this solution is called Mixin. Similar to what is Lighting and Liquid Network for the Bitcoin blockchain, here is an explanation below;
- Mixin is a publicly distributed ledger to allow publicly distributed ledgers to earn trillions TPS, final sub-second confirmation, zero transaction costs, enhanced privacy, and unlimited extensions.
- Mixin consists of a kernel that is theoretically permanent, many different multipurpose dynamic domains and domain extensions, to formulate an extension star topology. This topology can lead to concerns that Mixin is a centrally controlled network, but that doesn't happen because of the way the kernel itself works.
- Mixin Kernel is a large book with high performance distribution and its main responsibility is to verify asset transactions. That said, a single permanent Kernel Mixin is also a distributed network like the Bitcoin network as a whole.
- The Mixin network is a simple UTXO transaction network, which focuses on transaction functionality and privacy protection, which consists of theoretically permanent Kernels, many different dynamic domains and multipurpose domain extensions, to formulate an extended star topology. The kernel has simple logic, it can achieve almost unlimited concurrency performance.
- The Mixin network is almost one year old. The team has reached one milestone after another. Now Mixin has its own DApp and decentralized exchanges, supports 12 public chains, has several partnerships with 13 blockchain projects, financial organizations and traditional businesses.
With the Mixin network that is capable of handling Bitcoin issues and the interaction of other blockchain projects.
Introduction Mixin Network by Video
MIXIN TOKEN
Testnet Officially Launched
Our Testnet is officially launched and Testnet has implemented the BFT-DAG transaction verification function, and the test performance reaches 10,000+ TPS in 7 global nodes. All transactions can complete the last permanent confirmation in hundreds of milliseconds. This proves that the high-performance BFT-DAG transaction network declared by Mixin Network, you can find out the information here https://mixin.one/assets/Mixin-Draft-2018-07 -01.pdf
With the release, anyone can use it as below;
- Deploy and verify performance and Concurrency network transactions
- Create a Mixin Network test account
- Send the XIN testnet token
Mining policy has not been finalized. For now, mining prizes for full nodes are based on the number of snapshots, validation and the number of snapshots referenced by other nodes. such as the following ;
- There is no integrated TEE verification.
- These features will be released in the near future.
MIXIN TOKEN
The single token used by many services in Mixin is XIN, including a complete node guarantee, DApp creation and call API. To join the network as a complete node, one must promise at least 10,000 XIN tokens to build initial trust. Each new action making DApp will have a one-time fee in XIN, an amount determined by the resources claimed by DApp for consumption. The Mixin API calls from DApps might cost XIN well, depending on the type of call and counting.
All XIN penalties and fees charged by the network will recycled to the mining pond. 1,000,000 total permanent XIN tokens are issued to the world at one time, and 400,000 of them have been successfully 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 the early Mixin Messenger Adopters. 50,000 XIN is reserved for the development team. The remaining 500,000 XIN will be an incentive for all Mixin full nodes and light nodes.
ROADMAP
THE TEAM
Conclusion
This is a great discovery and very profitable for everyone who already knows and joins him, because the Mixin Network focuses on implementing blockchain technology to bring more users to the blockchain world, and transactions are always the most effective way to achieve this goal. As a new generation transaction network, we will continue to work with industry partners and the technical community in the spirit of open source collaboration to jointly promote the development of the technology and blockchain industry.
From the information obtained by the author, that the MIXIN team has proposed the Mixin Network as a multi-layer distribution network. The core layer (Mixin Kernel) is a high distributed transactional network designed according to the acyclic directed ABCT graph. Mixin Domains can be developed without overhead for Kernel Mixin performance. and Team Mixin has comprehensive security evidence when managing external blockchain assets, because Mixin is very safe for everyday use compared to almost all cold storage solutions available. Join us, and if you want to know more information about Mixin Network, you can discuss technical issues with our team, whatever you ask about this Mixin Network, our team will answer all your questions with pleasure.
For more information you can see it at the link below:
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