Mixin A free and lightning fast peer-to-peer transactional network for digital assets.

in #steemit6 years ago (edited)


Current technology is developing quite strong globally. The fastest growing is the electronic money. With fast payouts secured by technology, without having to carry too much cash. So the transaction of electronic money more and more that the market does not meet this huge transaction volume. So Mixin was born to solve the problem of the market is such as slow transaction, unsafe. Mixin overcome the errors of the electronic currency are encountered.

Includes kernel theory, and many dynamic and diverse domain names
The purpose is to expand the domain, to build an extension, star topology.
But with a star-topology, people are worried that Mixin is a centrally controlled network, but in a way that works like a nucleus, people do not have to worry about it.

Mixin Kernel is a high performance distribution ledger and its sole responsibility is to verify transactional assets. Mixin Kernel is also a distributed network just like Bitcoin network as a whole. All transactional content runs through the kernel by Mixin Domains.
Low latency matters. The Mixin DAG equipped with ABFT gives Mixin Network > 1,000,000,000,000 TPS capacity with a final confirmation time of under 1 second.
A loose mesh topology made up of kernel nodes are responsible for transaction validations and persistence. Unlike blockchain, there are no ‘blocks’ in Mixin Kernel, all transactions will be broadcasted at an exponentially increased speed.
Security is essential to the technology market. Mixin Kernel is already an ABFT consensus DAG. To ensure further security, Kernel nodes must run in trusted Execution Environment[1]. Specifically, Mixin uses Intel SGX[2] as the TEE implementation. The TEE enforcement ensures three important security and trust factors in Mixin Kernel.

  1. All Kernel nodes should run the same consensus ruleset.
  2. Mixin Kernel will be trusted due to the Intel SGX enclave, even when the Kernel is controlled by several earlier Kernel nodes.
  3. Distributed Domain communications will be much more secure.
  • MIXIN DOMAIN .
    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.

    Mixin Network has already connected with the top 12 main blockchains, such as BTC, BCH, ETH, EOS, ETC, SC, XRP, XEM, DOGE, DASH, ZEC and LTC, it also supports to deposit and withdrawal more than 49,500 cryptocurrencies.

Mixin Network doesn’t support smart contract yet, but there will be a similar solution soon.

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