MIXIN: A UNIQUE BLOCKCHAIN FOR FREE, FAST, SECURE AND SAFE AND PEER TO PEER CRYPTO CURRENCY TRANSACTIONS

nedbee (46)in #blockcchain • 6 years ago

INTRODUCTION

The invention of bitcoin some years back gave birth to the first blockchain, known as the bitcoin blockchain , with time a lot of people started adopting the blockchain technology due to its unique features of transparency, immutability, safe, secure and trust worthiness.

Different projects from different sector of the economy were integrated into the blockchain . With that mass adoption, the bitcoin blockchain could no longer handle all the transactions and with its rigid nature couldn’t be expanded. That therefore call for the need to create other blockchains like the Ethereum blockchain, Litcoin , Ripple, EOS, BCH,ETC, XEM and others.

However, the purpose of creating these new blockchains was to make up on the challenges the first bitcoin blockchain was facing, but the question is, were they able to completely solve the problems? Of course No, that is the reason some professionals and experience men and women came together to design MIXIN NETWORK.

THE MAIN OBJECTIVE OF MIXIN
MIXIN was designed as a publicly distributed ledger whose aim is to assist other publicly distributed ledgers in performing a high speed of transaction in trillions per second and complete confirmation of transactions in less than a second.

WHY IS MIXIN DIFFERENT FROM OTHER BLOCKCHAIN?

Obviously, MIXIN has not come to create any new technology, but to partner with other existing block chains and improve on them in order to offer users free transactions, with high speed, high level of privacy and opportunity of extension.

It will interest you to know that MIXIN is already partnering with twelve major blockchain already in operation. Including BTC, ETH, BCH, EOS, ETC,S C, XRP, XEM, DOGE, DASH, LTC as well as ZEC.
LIMITATIONS FACED BY USERS OF THE EXISTING BLOCKCHAIN
MIXIN ONE BLOCKCHAIN is designed with some characteristics which make the blockchain unique, and able to solve the

following problems:

Delay in transaction
Delay in confirmation of transaction
None transparent transactions
Unsecured transactions
High cost of transactions

MIXIN KERNEL
This is known as the main aspect of MIXIN Network with some great features that makes MIXIN NETWORK outstanding.
NOW LET US CONSIDER THE UNIQUE FEATURES OF THE MIXIN KERNEL
MIXIN kernel is a distributed ledger that performs optimally and its main duty is verification of cryptocurrency transactions. KERNEL like a channel where all crypto asses pass through using the Kernel Domain. While each Mixin Domain is a component to provide assets for Mixin Kernel, the Kernel itself is also a component in the Mixin Domain to verify and control its assets. Below are the unique features of the MIXIN kernel:

Trusted platform for transaction: Kernel Node is running in a trusted execution platform to ensure higher security
level.
TEE implication: the enforcement of TEE enables upto three important security and trusted factors in MIXIN kernel as follows :

MIXIN kernel is trusted because of the intel SGX enclave even with the fact that the kernel is managed by a lot of kernel nodes which are already in use.
All kernel nodes are running the same consensus rule set.
Communication of the Distributed domain is higher secured.
SOME UNIQUE CHARACTERISTICS OF MIXIN KERNEL
Transparency
Privacy protection
High transaction speed
Fast confirmation in less than a second.
Safe and secured transaction.
Free transaction.
CONCLUSION
MAXIN NETWORK is designed with great features that will not only lead to mass adoption of the blockchain technology and the cryptocurrencies , but will also make crypto enthusiasts to fully enjoy free, transparent and secured transaction via its blochain. I therefore invite everyone to join this community and be a part of this revolution. MIXIN MOBILE APPLICATION.