MIXIN - Transaction solution are fast, easy, cheap, secure, and trusted. - Blockchain ANN - All About Cryptocurrency

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Friday, October 5, 2018

MIXIN - Transaction solution are fast, easy, cheap, secure, and trusted.

Hello friends, come back with me again Tamrlan ...

For those of us who have a relationship with the Crypto world, transaction, this  is of course something familiar with us, the transaction network, everything about crypto that has a relationship with buying and selling will definitely go through the transaction phase. But every time we make transactions we often experience problems, such as limited currency choices, high costs, up to security status, of course we want to transact safely.

This time im will review the blockchain-based transaction network platform.

Mixin Network, mixin network is new generation transaction network. For developers, entrepreneurs, businesses and financial institutions, etc. which need a transaction solution for the instant transaction with the full-currency selection, Mixin Network is the answer. Mixin Network is a public blockchain driven by TEE (Trusted Execution Environment) based on the DAG with aBFT. Mixin Network provides a more secure, private, 0 fees, developer friendly and user-friendly transaction solution with lightning speed. Mixin Messenger, built on the Mixin Network, has validated the features of the Mixin Network and has been applied at the commercial level. 

Mixin is composed of a single theoretically permanent Kernel, many dynamic Domains and different multi-purpose Domain Extensions, to formulate an extended star topology.  


This topology may lead to the concern that Mixin is a centrally controlled network, but that’s not the case because of how the Kernel itself works. 

Mixin Network consists of three types;
1. Kernel
2. Domain
3. Domain Extension

The core of Mixin Network is the Mixin Kernel, a fast asynchronous Byzantine fault tolerant directed acyclic graph to handle unspent transaction outputs within
limited Kernel Nodes.


Ghost Output

Mixin Kernel utilizes the UTXO model of Bitcoin to handle transactions, and CryptoNote[0] one time key derivation algorithm to improve privacy, since there is no address reuse issue. We call the one time key a Ghost Address and the output associated with it a Ghost Output.  


After deriving the Ghost Addresses, Alice will sign the transaction with CryptoNote algorithm.


Note that, to improve privacy, Alice is forced to pick random UTXOs as the transaction inputs. After the transaction is signed, Alice sends it to the Mixin Kernel.

Only Bob can recognize his transactions due to the Ghost Address feature, he can decrypt the output information with his tracing key (a, B).




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



From my explanation above, of course you can deduce the security status of the Mixin Network.

If you want to know more about the Mixin Network, visit the link blow;

Website; https://mixin.one
Whitepaper; https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
Explorer; https://mixin.one/snapshots
Github; https://github.com/MixinNetwork  


Five Key Features Mixin Network

• Secure: Powered by Open Source + Light witness + TEE
• Lightning fast: Billions TPS capacity and under 1 second final confirmation 

   and ready for larger-scale commercial use
• Powerful: Supporting 12 main chains and 40,000+ cryptocurrencies
• No Fees: No cost to transfer within the Mixin Network
• Private: Mixin Network Kernel utilizes the UTXO model of Bitcoin to handle the 

   transactions

XIN (Mixin Network Token)

XIN is the sole token used by many services in Mixin Network. All XIN fees charged by the Mixin Network platform will be burned to increase the existing token value.

Total supply of XIN is 1,000,000 Tokens. Currently the circulation of XIN is 500,000 tokens, another 500,000 XIN will be reserved as the incentives for all TEE-BFT full nodes and DAG light nodes. 

400,000 XIN had been listed as XIN/EOS trading pair on BigONE exchange without price limit from Nov 25 until Dec 25 2017. The sale ended when 8,000,000 EOS was matched. 100,000 XIN were sold within the Mixin Network app to whitelist buyers after Dec 25 at the lowest BigONE exchange price.
 

Okay friends, until here review blockchainann first. If have the latest information I will update here.

Thank you for taking the time to see the Mixin Network review of the Blockchain ANN.



Author 
Telegram URL; https://t.me/Tamrlancoin
Bitcointalk Username; Tamrlan
Bitcointalk URL; https://bitcointalk.org/index.php?action=profile;u=696580 

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