Mixin Network - New Generation Transcational Network For Digital Assets

Bitcoin and blockchain technology are transforming our financial sector. We are now moving towards decentralized society from the centralized one. The distributed ledger is the technology behind Bitcoin. It is the revolutionary technology of all time. Even though being a superior technology but still Bitcoin has significant problems which needs to be solved for mass adoption.

The main problems of Bitcoin are:
• lack of transaction capacity
• slow transaction speed
• high transaction fee

In order to provide solution to these above mentioned problems many good projects created a separate alternative blockchain rather than providing a perfect solution to the main Bitcoin network.

Mixin Network is committed to provide solution to Bitcoin network problems without compromising the security and privacy levels.

Project objective

The main objective of the Mixin Network is to provide a perfect solution to the Bitcoin network problems. Thus making Bitcoin to be used in micro payments and other areas of our society.

Mixin Network working operation

In order to provide a perfect solution to the Bitcoin network problems, Mixin Network uses Mixin kernel. It is the main part of the Mixin operation. Mixin kernel verifies the asset transactions. It only verifies the asset transactions but not creates any new assets. The Mixin domain is a distributed ledger which provides assets to the Mixin kernel. The different types of assets are Ethereum, Ripple, stellar and other blockchain's along with centralized banks also.

The Mixin domain and kernel are the parts of each other and they work independently without any centralized control. The BFT consensus algorithms and POS provides the security for the network. They detects any frauds related to the node operations. The network security is enhanced by TEE system.

The Mixin networks, light witness feature helps to simplify the payment processes with SPV. The unspent output orders will be stored for balance request procedures. For instant execution of operations ABFT consensus system will be used, which provides 1 million transactions per second, transaction confirmation in just 1 second at zero transaction fee. The Mixin Network supports 12 different main chains with 40 thousand cryptocurrencies. It uses the UTXO model of Bitcoin network in order to process the private transactions.

The different solutions created by Mixin Network are:
• Mixin messenger: it acts as both cryptocurrency wallet and as a decentralized messaging applications

• OceanOne: it is a decentralized exchange by Mixin Network.

XIN is the main coin used in the Mixin Network for all it's platform operations.

Conclusion

Mixin Network provides the ultimate solution not only to Bitcoin network issues but also for other blockchain's. It solves the transaction speed, scalability and network fee issues. With the Mixin Network solutions Bitcoin and blockchain's can be easily implementable in every sphere of our society.

Learn more about Mixin Network:
Website: https://mixin.one
Read Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5048498.0
Telegram: https://t.me/MixinCommunity
Facebook: https://www.facebook.com/MixinNetwork
Twitter: https://twitter.com/Mixin_Network
Medium: https://medium.com/mixinnetwork
Reddit: https://www.reddit.com/r/mixin/
YouTube: https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew
GitHub: https://github.com/MixinNetwork

About Author:
Bitcointalk username: Abhijeetcg
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ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d