This project is acting like the lighting network, it will also solve some of the major problems with blockchain transactions.

in #mixin2 years ago

The project I want to talk about today is MIXIN, Mixin has been around for a while aside from the little supply in terms of it coin economy people barely know much about the project itself. You can go here if you are interested in the details of the coin economy - http://bit.ly/2Q6BwDN

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Mixin Project is has empowered the blockchain space, its aim in this space is to resolve some of the major problems with blockchain transactions. Over the years after the creation of the first blockchain project BITCOIN, many have seemed to want to solve the floors with Blockchain transactions by developing their own blockchain technology and introducing some new futures that they believe will help resolve some of the problems with blockchain transactions.

However, these projects have only succeeded with introducing their own project. The blockchain space still suffers from the fast-growing adoption. The most significant problems with blockchain transactions are insufficient transaction capacity, slow confirmation and high transaction fees.

To address the original Bitcoin Network shortcomings the lighting network was introduced, it's is a micropayment system built on Bitcoin network without requiring any modifications to Bitcoin code. Mixin has proposed a solution that will empower all the popular distributed ledgers. It is not about creating yet another cryptocurrency or a competitor to any distributed ledgers. Similar to the Light network for the Bitcoin Network, Mixin is a public distributed ledger that allows any public distributed ledgers to gain trillions of TPS, sub-second final confirmation, zero transaction fee, enhanced privacy and unlimited extensibility.

The major aim of the Mixin Project is to verify blockchain asset transactions. All assets flow through the Kernel by Mixin Domains. Mixin is composed of a single theoretically permanent Kernel, many dynamic Domains and different multipurpose Domain Extensions, to formulate an extended star topology. The single permanent Mixin Kernel is also a distributed network just like the Bitcoin network as a whole.

Mixin Domain is a distributed ledger, which provides assets to the Mixin Kernel. The assets may be on Bitcoin, Ethereum or any other blockchains, or even central organizations like banks.

To Learn more about the MIXIN PROJECT PLEASE READ THE WHITEPAPER IN THE LINK BELOW

https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf

You Can Also Download The Mixin App From The Link Below

https://mixin.one/

Writer; https://bitcointalk.org/index.php?action=profile;u=1106862;sa=summary

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