MIXIN NETWORK

MIXIN NETWORK ICO REVIEW



Mixin Network is a free and lightning fast peer-to-peer transactional network for digital assets, designed to solve the scalability of the blockchain.

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.

It allows developers to build cross-chain DApps based Mixin Network protocol. As a TEE powered BFT-DAG network, Mixin could connect all existing blockchains with unlimited throughput. It’s now supporting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Sia. Moreover Mixin will support all popular blockchains shortly.

Mixin Messenger is an example to show developers how to build the DApps on Mixin Network. Users can easily access their kinds of blockchain assets only through a phone number and a 6-digit PIN code. XIN is the sole token used by many services in Mixin, especially full node collateral, the DApp creation and API calls.

To join the network as a full node, it should pledge at least 10,000 XIN token to establish the initial trust. Every DApp creation will cost some XIN for one time, the cost is determined by the resources the DApp claimed to consume. The Mixin API calls from DApp may cost some XIN depends on the call type and count. All the XIN penalties and fees charged by the network will be recycled to the mining pool.

One more thing to tell you that Mixin sponsored the hack.summit() 2018, the virtual Hackathon, it will take place from July 6 to July 8 2018, we provide up to 100 XIN as prize, for more information about Hackathon challenge, please read this.

Features of Mixin Coin

The highlights of the Mixin platform are:

End-to-End Encryption Messaging

Mixin uses the message sender’s signaling protocol key to encrypt and manage all conversations, whether it be direct messages or targeted in a huddle. No one can check anything from the message without being authorized by the messenger, even the fully functional buttons and the high reputation of Mixin can not be read.

All messages will be permanently deleted on the server after being read by all recipients in the conversation. Meanwhile, the photos, videos, and all other attachments of the sender are also encrypted with the AES key before uploading the platform’s cloud storage. This is a very prominent feature of Mixin.

Mobile and PIN Based Identity

One of the many hurdles that prevents people from using popular blockchain is not performance, which is the process of identifying or managing accounts. clause. All of today’s popular blockchain networks require people to manage at least one private key to keep their identities, which are very difficult to remember, and sometimes cause problems for many.

People want to access this technology. In the Mixin platform, it has designed a much simpler identification solution that is identity and management based on phone verification codes and PINs. With the use of TEE technology, Mixin’s phone identification and PIN code solutions have the same security level as other blockchain platforms.

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


Economic Conference held by COINJINJA in Tokyo, Japan On September 15, Cedric Fung, founder and CEO of Mixin Network.


The summit aims to strengthen the exchange of global blockchain technology between developers and promote the development of global blockchain. Bringing together the world’s best blockchain developers and projects to prospect and advance the development of blockchain applications.

At present, many entrepreneurs of traditional projects have approached Mixin Network, and most of these entrepreneurs have more mature products. The Mixin Network will fully embrace developers and provide full support.


Mixin Conclusion

The company is designed to provide users with a safe experience where they can trade, exchange, buy or sell different cryptocurrencies on a peer to peer-based network. The company works with multiple currencies, languages and contracts. To learn more about the platform, head on over to the mixin.one and check out the platform for yourself.

More Information Visit The Mixin Network Link:

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Author : Sesepuh

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