MIXIN NETWORK REVIEW

kitanodebunmi (36)in #mixin • 6 years ago

Right from the introduction of cryptocurrencies via the creation of Bitcoin, transactional scalability has been a big issue and a bone of contention when it came to the mass adoption of the blockchain technology. There have been a whole lot of projects introducing several cryptocurrencies with the aim of solving the issue of scalability within the blockchain, each project promoting different cryptocurrencies but with the same aim and none has been able to achieve this feat until now.
The Mixin network is a new blockchain platform that aims at solving the prevalent issues as regards the blockchain industry and it adopts a theory that all that is needed to achieve scalability in decentralized transactions is a united chain network.

There is a way of going about decentralized transactions and several blockchain developers have developed it in the past and now the Mixin network is leveraging it to implement peer-to-peer high speed transactions and this way is the lighting network. The Mixin platform aims at devising means of scaling blockchain transactions and one of those is the Mixin Kernel. The Mixin Kernel functions by verifying assets that have been pushed from the Mixin domain by relying on the distributed ledger as its primary means of asset validation. The Mixin domain serves as a connection link that actively connects digital assets to the Mixin kernel.

The Mixin messenger is a decentralised application that serves as a digital asset wallet to its users within which peer-to-peer transactions can also be made and completed at very high speeds. Users of the Mixin platform also get to enjoy high levels of privacy by the generation of a one-time key algorithm enabling the system to generate mirror transaction addresses alongside the actual addresses during a transaction; the mirror addresses becomes useless once the transaction is completed.

Roadmap.
2017-10
-Mixin network development started.
2017-11-25
-XIN token distributed to supporters with the price 20 EOS/XIN on BigONE.
2017-12
-Supported Bitcoin and Ethereum.
2018-01-20
-Mixin messenger officially released on App store.
2018-04
-Supported Litecoin and Ethereum Classic.
2018-05
-Supported Ripple, Bitcoin Cash and Sia.
2018-06-25
-Mixin network first payment business cash go live.
2018-07
-Supported EOS with deposit, withdrawal and airdrop.
2018-08
-Supported Dash,Dogecoin and Zcash.
2018-08-06
-OceanONE decentralized exchange is online in beta test.
2018-09
-Mixin network testnet release.
2019-02
-Mixin network mainnet release.