MIXIN - DISTRIBUTED LEDGER'S SOLUTION

idrix (33)in #blockchain • 6 years ago (edited)

Blockchain technology has a large potential to transform business operating models in the long term. Blockchain distributed ledger technology is more a foundational technology with the potential to create new foundations for global economic and social systems than a disruptive technology, which typically "attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly, as well as be used to create a permanent, public, transparent ledger system for compiling data on sales, storing rights data by authenticating copyright registration.

The blockchain is still the leading buzzword in the tech world. The adopters think it will revolutionize the financial sectors including real estate, healthcare, and law. The ability to work in a distributed environment with the tamper-proof facility is the core source behind all these hypes.

But due to their complexity and their encrypted, distributed nature, blockchain transactions can take a while to process, certainly compared to “traditional” payment systems such as cash or debit cards. Bitcoin transactions can take several hours to finalize, which means there are inherent problems in the idea that you will be able to use them to pay for a cup of coffee in your lunch hour, unless the vendor is willing to take on an element of risk. And wasn’t that something which the “trustless” nature of blockchains was expected to remove from the equation?

A lot of these problems resulted because of lack of scalability due to the large adoption of the technology. A lot of claimed blockchain’s problems solver platforms have emerged but their solutions have been insufficient due to one reason or the other. This article is to introduced a platform called MIXIN which will be creating a new era and generation of blockchain which aim to solve all the problems associated with the technology.

Mixin is a distributed modern ecosystem built around a high-performance, secure and easy to use blockchain for developers, entrepreneurs, businesses and financial institutions and many more.

The platform is built with the potential to lead to radical simplification and cost reduction for large parts of many digital ecosystems, while making them more open, secure and reliable. User and business data is collected and stored in a secure distributed way through the high performance blockchain integration. This also prevents (existing and future) tech-giants from hoarding and abusing the same data for their own business gain.

Virtually everyone who has adopted this sphere understands the need for a technology that process transactions within the shortest period of time at a very or little charges as transaction fees.

The mixin ecosystem is designed in such a way that any transaction on its platform will be processed instantly leaving no room for queue and pending transactions. The ecosystem is also incorporated with zero fee transaction charges as virtually all the blockchain platform transaction charges can be termed arbitrary.

The ecosystem contains components such as mixin kernels, mixin domain and extension domain as well mixin messenger and oceanone. the ideal behind mixin is not a new one rather an innovation and revolution to the already created an existing platform.

THE ROADMAP

THE TEAM MEMBERS

The sophisticated team behind the mixin project does its best to support long-term business and new business who struggle to overcome trading barriers offered by current cryptocurrency payment systems.