Bitcoin, some investors call it the "life shaper". Others call it "life changer". Some regard it as the financial booster. Bitcoin has gained all these positive attributes because it has emerged out to be the most successful cryptocurrency since its inception up to date. Amidst all these credentials, Bitcoin still suffers some flaws as its community and demand grows stronger each time. Some of the flaws include, insufficient transaction capacity, high transaction fees, slow confirmation etc. Numerous Blockchain powered projects have attempted to fix and add new features to the service of Bitcoin by creating new cryptocurrencies yet none has proven to be more efficient. There have also been numerous Bitcoin forks yet the problem seems to persist. The Lightning Network and the Blockstream Liquid projects are all ways intended to better the service of Bitcoin. All these had to sacrifice the security and distributed nature of the vision of Bitcoin.
After a thorough research on the crypto market, the team of Mixin came up with a solution which empowers all the popular distributed ledgers.
The Mixin solution can be presented in a star topology figure which comprises a single theoretically permanent kernel with dynamic Domains. These Domains extend to form different multi purpose Domain Extensions. Although it can be presented in a star topology form, Mixin is far from centralization.
Just like the Bitcoin Network, the Mixin Kernel has a primary duty of verifying asset transactions. The Mixin Domains allows the flow of all assets like Bitcoin, Ethereum, EOS and even those from centralized institutions like the banks etc, without Mixin itself producing an asset. Every component of the Mixin star topology has a unique function which offers a complementary boost towards the goal of Mixin.
The Mixin Domain's job is to provide the Mixin Kernel with the assets, thus functioning as a distributed ledger while the Mixin kernel plays the role of verification and governing of assets.
The Domain Extensions grants Mixin its uniqueness. This is the component which provides a higher robustness, capabilities and performance more than what the Smart Contract of Ethereum and that of other Blockchains offers. This has won Mixin its high performance as the distributed ledger to almost all digital assets of our time.
With the help of the Secure Enclave in Intel SGX, which is a popular and secured Trusted Execution Environment, the Mixin Domain Extensions which run in the Domain of Virtual Machine are secured. This tight protection and processes has made the Mixin Domain Extensions more powerful and able to execute functions which cannot be achieved by even the popular smart contract of Ethereum.
The XIN token is the major facilitator of the Mixin ecosystem. A total of 1,000,000 permanent XIN tokens are issued at one time.
400,000 XIN is already distributed to holders from 25th November, 2017 to 25th December, 2017.
The early Mixin Messenger adopters have got hold of 50,000 XIN whereas another 50,000 XIN has been reserved for the development team.
The 500,000 XIN which will be left will serve as incentives for all that join the Mixin full nodes and light nodes.
NOTE: In order to join the Mixin full node, a pledge of 10,000 XIN is required to generate trust.
The future is now and it is with Mixin. Join now.
Visit these relevant links for further information on Mixin
Mixin Official Website
Mixin Whitepaper
Mixn ANN Thread
Mixin Telegram
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