Mixin Network Review
Mixin Network Service Review
Nowadays Bitcoin plays a significant role in ordinary people’s lives. Everyone touches this problem. But still, there are some issues of bitcoin and some problems different systems wanted to solve. That’s why different new systems were created, and they also added some specific peculiarities of their own.
Overview
Mixin consists of a kernel, domain and domain extensions. So, the kernel is a distributed ledge, which is secure for users to use. The domain is also a distributed ledger, that provides assets to the Kernel. So, we can make a conclusion, that the Mixin deals with transactions and assets.
Short Facts about three components
Kernel facts and peculiarities of the core element:
• It has a UTXO model of Bitcoin. This model is secure and has more privacy. Users have their own public users keys and that’s how the transaction is made.
• The Kernel is all about different algorithms providing users not only with the privacy but also with the high credibility level.
• Punitive PoS have secure functions in the whole system.
• The Execution Environment is trusted.
• There is also a simplified version of the Mixin Kernel which is called Mixin Light. That is the easiest way of verification of the payments performed.
Domain features and unique specifications:
• This is used to pass the assets to the Kernel. The object may be a bitcoin (any other cryptocurrency as well), or even a centralized bank.
• There are kernel system calls, you should just register your domain and wait for its approval, after that everything is fine.
• The only case when you can register the domain to the Kernel – is when you have the Standard Domain Interfaces. There are some specific parameters and returns you should also know about as well.
• A valid snapshot may be approved by the system, it must be signed by both the Kernel and the Domain.
Domain extensions specific features and short facts:
This system allows the Extensions to the Domains, and this resembles the smart contact system. Extensions are running in domains, they are secured and highly productive. It is important to notice, that the smart contact service element makes the Extensions secure and reliable, innovative and unique.
Attack resistance
The teamwork of Mixin guarantee, that the user's keys are safe and there will be no leaks. You will not lose anything, as these keys and encrypted and coded and so, safe. The key association is safe and you don’t have to worry about anything else at all.
Website: https://mixin.one/
Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
Facebook: https://www.facebook.com/MixinNetwork
Telegram: https://t.me/MixinCommunity
Author Mixin Messenger ID: 37202350
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1937264