Review about ⭐️ Mixin Network ⭐️ Peer-to-Peer Digital Asset Transaction

in #mixin6 years ago

HelloToday I will bring for you : A project- ICO ended in the end of the 4th quarter of 2017. The management was able to collect the maximum amount of investment for the project. Mixin Network is a powerful blockchain chain, the purpose of which is to increase the speed of delivery of cryptocurrency avts between purse owners. In order to show the quality of its network, programmers at Mixin have developed their own Messenger. In fact, it has more than 40 built-in purses that can be replenished without problems. Access to the wallets is configured by entering the PIN code from 6 digits.
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✅ABOUT MIXIN NETWORK

Since the inception of Bitcoin and the innovations of the blockchain technology, the crypto currency market has witnessed an exponential increase in its market capitalization. This is as a result of new investors joining the crypto space. The innovations of the blockchain has brought transparency, security and popularity.

Even with that the Blockchain has some issues plaguing it. Like scalability, speed of transaction, etc In a bid to handle this shortcomings, another powerful blockchain cryptocurrency project have emerged. This project is Mixin Network

Mixin Network has to do with a single theoretically permanent Kernel, with many dynamic Domains and different multi-purpose Domain Extensions, to formulate an extended star topology.

Mixin Network entails a new age transaction network. Mixin Network is for designers, business people, organizations and financial institutions, that allows an instant transaction with the full-currency selection. Mixin Network is the real definition to the crypto space.

✅ MODEL DESIGN AND FEATURES OF THE MIXIN NETWORK SYSTEM

The model design of the Mixin network system is arranged in such a way that it looks similar to the structure of a star topology and This is as a result of combination of single kernels which are theoretically permanent, numerous dynamic domains and as well different multiple extensions of domains.

✅ THE UNIQUENESS AND BASIC FEATURES OF THE MIXIN NETWORK

MIXIN KERNEL: This is the most essential feature of the Mixin Network. It is the high performance distributed ledger whose aim is to verify asset transaction. Every asset passes to the kernel through the Mixin domain.

LIGHT WITNESS: Mixin Network has an application called Mixin light node. This is a simplified payment verification (SPV) node to the Mixin kernel. The Mixin light node basically save all the output that are not spent so that it could be accounted and balanced with ease.

THE MIXIN DOMAIN: Mixin domain is a distributed ledger that enhances the provision of assets to the Mixin kernel. The asset could be from other blockchain technologies like Bitcoin, Ethereum or Even from cooperate bodies like the banks.

*** THE ATTACK RESISTANCE: Because of the distributed nature of the kernel and domain nodes, proof of Stake (PoS) and enforcement by SGX, this application is designed to prevent the keys from leak. As a result of the highly distributed key, duplication and secret sharing mechanism, the encrypted private keys are also trusted to be safe from loss.

✅THE MIXIN MESSEBGER AND HOW IT WORK

Mixin Messenger is an approach to encourage engineers to make the DApps on Mixin Network.

Without much protocol, users access their type of blockchain resources just through a phone number and a 6-digit PIN code. Mixin is the sole token used by various administration in Mixin, especially full hub guarantee, the DApp creation and API calls.

To join the framework as a full hub, it should promise no under 10,000 XIN token to develop the underlying trust. Each DApp creation will cost some XIN for one time, the esteem is dictated by the assets the DApp professed to expend. The Mixin API calls from DApp may cost some XIN relies upon the call compose and tally.

✅ XIN – The Token

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.

✅ ROADMAP

Mixin [XIN] can be found on CoinMarketCap near the Top-100

Links to project:

Additional Investor Information
Website: https://mixin.one/
Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf

Mixon Messenger: https://mixin.one/messenger
Ocean.One Exchange: https://ocean.one/
BitcoinTalk [ann]: https://bitcointalk.org/index.php?topic=5048498.0

Social Links
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

Autor: lord1994
Link to my BTT profile: https://bitcointalk.org/index.php?action=profile;u=1745413
Eth wallet: 0x3071187e0A12704C48bad0F2502c000c02420AAE

DISLAMMER

My Blogger is NOT financial advice. I am not Financial advisor.
The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. For the avoidance of doubt, this article is solely intended to be for general information only and does not in any way constitute as professional advice or financial advice. This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. Trading cryptocurrencies carries a high level of risk that may not be suitable for some. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice.

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