Mixin – Platform for faster Transactions

Bitcoin obviously charted challenges that are common in the crypto community. Inability to scale transactions had been its downside. Though similar platforms soon came on board, the difference wasn’t much as they had their fair share of inefficiencies. As more ICOs are launched, the number of cryptographic currencies multiplies. The issue here is that these coins literally have no base. Apart from the likes of Ethereum and few others that have their chain networks, other coins are allowed to partner with existing infrastructure. The pain point is that thousands of coins are available but there seems no viable collection center for these.

Mixin – A Solution or Problem?
Bitcoin was successful in area of creating new financial milestone but there have been little adoption of cryptocurrencies. Though some users are willing, limited throughput and high transaction costs were hallmark that changed the equation and instead, forced many to abandon digital coins.

Bitcoin was developed from the scratch and many projects that are in antagonism with it hardly understand its formation. To this end, platforms solving the issue found on Bitcoin end up creating additional downsides while solving only few problems. Luckily, few innovations were successful. Mixin is working on becoming one-stop solution that will unite disparate platforms and make them function as one.
Mixin has joined the growing number of currencies on the digital sphere but what remains to be seen is its similarity to what is on ground. The platform instead distanced itself from conventional solutions tendered towards Bitcoin’s inefficiencies. This time, Mixin had positioned itself as solution rather than problem.

How does Mixin work?
First, Mixin creates a different approach to Bitcoin’s lapses and this time, there will be opening that allows other platforms come in. This is coming on the heels of low transaction fees and peer facilitated transactions it promises to offer. Taking into cognizance disparate blockchains that are in existence with little interactions among them, Mixin instead literally uses the Bitcoin-invented lighting network in promoting transactions.
The major point here is that Mixin hopes to scale transactions by using lighting network. Unification of blockchains is optimum and this is set to be achieved with the opening created by Mixin that allows other distributed ledgers make use of the platform in attaining faster transactions, reduced fees and full-scale security.

The Kernel Network
In bid to unite platforms, Mixin had stationed three products that will not only drive platforms to use it but also create opening for asset confirmation. Mixin Kernel primarily gathers available assets and trade on these.

Domain
The domain is in tandem with the kernel. Assets that are to be verified will flow this platform and forwarded to the kernel. Hence, the Mixin Domain is primarily delegated with the duty of receiving and pushing suitable ones to the kernel for confirmation.

Domain Extensions
The last but definitely not the least to Mixin’s solutions is the domain extensions. Ethereum launched smart contracts and virtually every asset on the blockchain uses this. To this end, Mixin launches a better smart contract through its domain extension. This will be vibrant opposition to what Ethereum offers and to offer better services to the user.

Conclusion
Mixin also has mobile application and adjustments will be made to contain blockchains that are willing to get integrated. The messenger is fully encrypted; enabling users have conversation without eavesdropping.

Finally, disparate chain networks now have a place to call home. Mixin integrates these products and uses same in reducing inefficiencies that were hitherto common practice in other platforms.

USEFUL PROJECT LINKS FOR MIXIN
Website : https://mixin.one
Bitcointalk Ann Thread: https://bitcointalk.org/index.php?topic=5028456.20
WhitePaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdfacebook : https://m.facebook.com/MixinNetwork
Telegram: https://t.me/MixinCom
YouTube: https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew
Twitter : https://twitter.com/Mixin_Network
Reddit : https://www.reddit.com/r/mixin
Medium : https://medium.com/mixinnetwork
Github : https://github.com/MixinNetwork
Mixin messenger App download : https://mixin.one/messenger
Coinmarketcap link for Mixin info : https://coinmarketcap.com/currencies/mixin/

Writer's bitcointalk username: deodivine1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292