Mixin Network

khasnah (29)in #crypto • 6 years ago

Mixin (XIN) is a BFT-DAT network that utilizes Trusted Execution Environment (TEE) technology to connect the existing blockchain platform with zero throughput. This term allows the virtual currency community to conduct electronic transactions in real-time or receive electronic payments in real-time using cellular technology based on Blockchain technology from EOS (blockchain platforms similar to Ethereum).

Mixin was coming out in late 2017, there were several words make people feel confused, such as Mixin, Mixin Network, Mixin Messenger, and XIN. People always misunderstand them, if you agree to it, please continue to read this article, you’ll find the answer.

Mixin is the name of the project and the name of the blockchain or we can say it the public blockchain, and Mixin Network is a free and lightning fast peer-to-peer transactional network for digital assets. It distributed a cross-chain solution with built-in smart contracts that facilitates instantly and secure cryptocurrency and crypto-asset transfer.

Analysing XIN Token.

XIN is the major token that is used by a lot of service in Mixin, which includes a full node collateral, the creation of DApp and the calls of API.In order to join the network as a full node, a minimum amount of at least 10,000 XIN token must be established as initial trust.Every XIN penalties and fees that is charged by the network will be recycled into the mining pool.

XIN is the sole token used by many services in Mixin, including full node collateral, DApp creation and API calls. To join the network as a full node, one must pledge at least 10,000 XIN token to establish initial trust.
Every new act of DApp creation will have a one-time cost in XIN, the amount of which is determined by the resources the DApp claims to consume. The Mixin API calls from DApps may cost some XIN well, depending on the call type and count.

All XIN penalties and fees charged by the network will be recycled to the mining pool. 1,000,000 permanent total XIN token is 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 with rate 20 EOS/XIN.50,000 XIN have been distributed to early Mixin Messenger adopters. 50,000 XIN are reserved for the development team. The remaining 500,000 XIN will be the incentives for all Mixin full nodes and light nodes.

CONCLUSION.

The team has proposed the Mixin Network as a multi-layer distributed network. The major layer of Mixin Kernel is a highly distributed transactional network that is designed according to the ABFT directed acyclic graph.
Mixin is secure for everyday use when compared with almost every other existing cold storage solutions.
The messenger application for Mixin has proved that the paper is feasible for real world implementation, when compared with other projects.

FURTHER INFORMATION

➡️ Website: https://mixin.one/
➡️ ANN Thread: https://bitcointalk.org/index.php?topic=5028456.20
➡️ WhitePaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
➡️ GitHub: https://github.com/MixinNetwork
➡️ Twitter: https://twitter.com/Mixin_Network
➡️ FaceBook: https://www.facebook.com/MixinNetwork
➡️ Telegram: https://t.me/MixinCommunity
➡️ Reddit: https://www.reddit.com/r/UNetwork/
➡️ Youtube: https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew