Mixin Network
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.
To accomplish these goals, Mixin has designed a blockchain platform using the Trusted Execution Environment technology, while the consensus algorithm (PoW) primarily acts as a guarantee for data replication, and The platform’s mobile nodes will act as validators to perform authentication in real time.
The basic element of the Mixin platform is to create trustworthy nodes that run in its environment. All Mixin buttons are fully trusted because they can verify the identity of all other nodes through the platform’s TEE technology.
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.
How to work Mixin
The platform is designed to offer everyone a fair platform, created on a decentralized network – built for purpose of processing transactions, contracts and businesses within seconds. It is a p2p based system that will make it possible for any third parties to use the system successfully and safely through the use of contracts. The purpose of the platform is to provide an ultra-safe and decentralized environment where people can go to make safe exchanges and transactions.
There is no information on the team behind the scenes at Mixin, and there is no information on the location of the company headquarters. This is generally seen as a bad sign when we are speaking of startups and ICOs, the reason is the lack of transparency. Not disclosing personal information shows they are hiding something. And it’s because of that, Mixin loses points for not being transparent about who they are or where they’re from.
Mixin aims to solve blockchain scalability by creating a network of distributed ledgers that function under a highly secure directed acyclic graph design. On top of this high functioning network sits a simple mobile messaging application, which enables users to seamlessly store and transfer a variety of cryptocurrencies between contacts. Lastly, Mixin is aspiring to become a platform for cross-chain Dapp development.
For more information about the Mixin project, please visit the link below:
website : https://mixin.one/
whitepaper : https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
facebook : https://www.facebook.com/MixinNetwork
twitter : https://twitter.com/Mixin_Network
reddit : https://www.reddit.com/r/UNetwork/
github : https://github.com/MixinNetwork
medium : https://medium.com/mixinnetwork
telegram : https://t.me/MixinCommunity
youtube : https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew