Mixin
Mixin is a crypto project whose main goal is to create a global platform with unlimited bandwidth and functionality that will allow connecting all existing blockchain projects to the network.
Mixin is an instant messenger that can now be downloaded from Google Play and the App Store.
This program allows you to transfer all types of cryptocurrency using end-to-end encryption technology. This feature allows the most convenient and easy to enter the scope of the use of cryptocurrency, even for those who do not have an adequate level of knowledge and experience, which is usually important for this.
Vision & Misi
BitcoinBing’s vision is to increase expectations throughout the industry and to provide a world-class experience with a powerful trading engine, the development of active platforms, and a customizable interface. We address issues that reach industry and our platform is dedicated to the user base. Bitcoinbing is balancing participation in blockchain space and accelerating mass adoption. This project is focused on optimizing trading with cryptocurrency and blockchain induction. This is an effort to bring the world into a safe and reliable system. Bitcoinbing will secure the interests of its users in all aspects. The motive is to facilitate the way people conduct transactions today. With a peer-to-peer architecture, this platform will neutralize the benefits for each user.
Increasing expectations across the industry, namely providing world-class experience with a powerful trading engine, development platform, and customizable flow. We provide industry problems and we are for you, the user. Bitcoinbing balances participation in blockchain space and accelerates mass adoption. Bitcoinbing matching machines in this place have phenomenal transaction processing capacity that can handle up to 1,000,000 orders / second. Bitcoinbing users avoid the difficulty of waiting for their orders to exit the queue which in some cases can take days or even weeks to process.
How does it work?
Now, to transfer encryption, it’s enough that the sender and recipient have phone numbers and instant messengers downloaded from the app store or Google Play. The simplest and at the same time the most secure encryption method is used for transactions. Using the function of receiving and transmitting cryptocurrency in Mixin is even easier than in the popular PayPal electronic payment system.
This platform is based on a decentralized peer-to-peer network designed to exchange fast and secure transactions, including contracts and other cryptocurrency currency trading. The message of confidentiality and security of electronic payments is provided by the end-to-end encryption protocol signal. Messenger speed is very impressive: money transfers are done in just a few seconds. In addition, users get easy access to popular services and DApps in the crypto-valyutics room.
This platform works with an open API, which will provide more opportunities for development and stimulate the interest of potential users.
When a user requests it, an independent developer will be able to create new features for the Mixin client. For example, tools for working with smart contracts. This project provides compatibility with almost all applications running on alternative blockchain technology. For users, the platform will be attractive from the point of view of the simplicity and security of cryptocurrency transactions. Identification on messenger is done using a cellphone and a unique PIN code.
The purpose of the Mixin Coin project
Mixin wants to create a balance in distributed networks and traditional clusters, combining the advantages of both. Miksin’s goals include:
- Make all nodes in the network have authoritative limitations, but you can rely on them to ensure data transparency and consistency.
- Create a network where there are free transaction costs with high bandwidth and low latency.
- Create a protocol-to-network protocol that connects all common block chains.
- Transactions are anonymous and interact directly with reliable external sources.
Simple and secure account verification based on telephone number and PIN code.
A secure and encrypted messaging system ensures that no one can read messages other than the intended recipient.
Create a friendly code system that simplifies compatibility for all Linux libraries and programming languages, allowing third-party developers to use this system to make feature-rich applications rich.
Become the largest network block for cellphones.
To achieve this, Mixin has developed a blockchain platform using Trusted Execution Environment technology, while the PoW algorithm primarily serves as collateral for data replication, and the mobile platform node will act as a real-time authentication tool.
The main element of the Mixin platform is the creation of trusted nodes that run in their environment. All Mixin buttons are fully trusted because they can verify the identity of all other nodes through TEE platform technology.
Main advantages for ordinary users:
simple mechanism for transferring cryptocurrency to others;
the ability to transfer cryptocurrency, even for those who have not registered in the system, only requires a telephone number;
easy access to all services and applications in the cryptocurrency space;
one of the most advanced message encryption technologies.
The platform can be used exclusively as a good anonymous messenger.
In theory, all these aspects must attract various cryptocurrency users to the site and ensure a good future for it.
Comparison with major competitors
Over the past few years, several different messengers have been released,
that adds blockchain features to its core technology. Most experts tend to believe that
Mixin’s main competitor is Chinese E-Chat, which was released around the same period.
General signs that are characteristic of E-Chat and Mixin:
Both couriers have an increased aspect of correspondence anonymity: they encrypt all data sent and do not store it on a centralized server.
Both platforms have functions for third party developers that allow you to create decentralized applications for both Mixin and other blockchain projects.
Mixin and E-Chat allows their users to send other crypto currencies.
Technical details and work mechanism
As we noted above, the creators of the platform set themselves the task of using blockchain technology as simply and as easily as possible for the maximum number of users. It so happens that to understand the ins and outs of using a wallet, private key, stock trading features and other aspects is quite difficult. And not everyone has and uses a good computer, which is needed for this purpose.
If we consider Mixin as an instant messenger, then this is a program that uses algorithms from sensational messengers in time. In this case, the protocol only functions on the client side, and messages are deleted from the network as soon as the recipient reads them. All media files experience complex encryption and receive special keys before uploading to the cloud. The extract can only be the recipient.
As for the blockchain aspect, Mixin is a platform with two consensus algorithms (DAG and BTF). Its technical potential allows you to use smart contracts and create decentralized applications. In addition, users can create DApps on the Mixin network and then use it on other blockchain projects.
How and where to buy Mixin
Buying coins is only available on the BigONE exchange. Now users are provided with the following cryptocurrency pairs:
XIN / BTC;
PLEASE / ETH.
To buy, create an account (the Create Account button in the upper right corner of the screen).
Next to complete the transaction, complete the following steps:
Expand the list at the top and select the cryptocurrency partner you are interested in, or just use the link to the exchange page that we provided above.
At the bottom of the screen a window for purchase will appear, where, after “Price”, the price tag of one XIN is displayed (the indicator can be changed manually, but this option will be like your bet and you have to wait), and in the “Amount “You will enter the amount of coins you need. As a result, the amount in Bitcoin or Ethereum, which you have to pay, will appear in the lower Total section.
Setelah menekan tombol Buy XIN hijau besar, pembelian otomatis akan dilakukan jika harga sesuai dengan pasar. Jika tidak cocok, pesanan akan dikirim untuk diproses.
Mixin wallet
To save the XIN cryptocurrency, you can use the program itself from the Google app store or Apple.
But this is not the only choice.
Because the token itself is based on ERC-20 technology, you can take advantage of the common variants of cryptotographs, which were originally intended for Ethereum and based on that currency.
The best options are:
MyEtherWallet is the most popular and popular wallet for ERC-20 tokens (browser-based, but safer).
ImToken is one of the best options for those who prefer cellular wallets.
MetaMask is a wallet extension that is convenient for various browsers. Not too safe, but a very convenient choice for purchases on various Internet services.
Development prospects
At the present stage of project development it is rather difficult to predict the success of further development. The official website does not display road maps that are common among successful blockchain projects, and whitepapers don’t look very neat because of their small size and scarcity of information.
Currently, users only have access to the beta platform, which does not create additional responsibilities for developers who must be responsible for their performance.
The only source of information about the future of the project is the Log section on the official website and two accounts: on Twitter and Facebook.
But there is no data that is too specific and vague.
In general, if a project develops in a certain direction and applies some of the features that a competitor has and which he himself seized, he will be able to occupy his niche, and may even become very successful. The only thing that developers need to think about is
this is an increase in communication with their community and an increase in openness, at least in the information aspect of this problem.
Mixin Kernel (Multiply Mixin)
Multiply is a core component of the Mixin network. This uses periodic graphic design for the expansion of digital asset transactions.
DAG technology – Non-circular direct graph is a structure consisting of nodes that are connected together in a non-linear pattern. With DAG, scattered information uses a ‘rumor protocol’ on several nodes at the same time, allowing consensus on faster transactions.
Consensus protocol
Distributive books from the Mixin kernel use evidence from the consensus sharing protocol (PoS). The “nodes” must place at least 10,000 as collateral in exchange for authenticating transactions on accounting books distributed by the Kernel.
Each “Mixin Multiplication” button represents 10,000 Xin, equivalent to 2% network shares. Multiply can only operate with at least 7 nodes involved, accounting for around 15% of the total number of network shares.
Personal
For security purposes, Mixin uses a one-time key algorithm, which allows the system to generate ‘ghost addresses’ that can be destroyed after every transaction made by the user.
Domain
Mixin The mixin domain communicates with the kernel through system calls.
In order for external assets (for example from the bitcoin block chain) to be associated with kernel mixins, the public key of the mixin is first made to connect to the domain, and then certain public keys (such as public Bitcoin keys) are created to connect content to the kernel mixin. If someone wants to send money from their Bitcoin wallet to the Mixin network, the domain will make transactions for Mixin’s public key and multiplying Mixin will verify the transaction.
Mixin Domain Extension (Mixin Domain Extensions)
Mixin’s domain extension allows users to manage smart transactions from a single computing unit (for example, laptop or iPhone). This smart contract is more effective and stronger than the contract currently offered in Ethereum blockgain.
Details about
COIN Transaction Code: PLEASE
Total supply: 1,000,000
Circulation supply: 442,996 PLEASE
Roadmap
Team
Conclusion
The company is designed to give users a safe experience where they can trade, exchange, buy or sell various cryptocurrency in peer to peer networks. This company works with a variety of currencies, languages and contracts. To learn more about the platform, proceed to mixin.one and check the platform for yourself.
Mixin Network is a good ICO program.
Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
#Mixin_Network $Xin
So, for the discussion of the mixin project from me, hopefully it will be useful for you and immediately participate with this amazing mixin project.
For more detailed information about this project, you should visit the official link below:
Website | WhitePaper | ANN Thread | Twitter | Facebook | Telegram | Github | Reddit | Youtube
Author: Stevano
Myetherwallet: 0x600551EA1C7fE83F9f63254B3b054DcAe9cC2251
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