BRIEF HIGHLIGHT INTO THE MIXIN NETWORK

The application of Cryptocurrency and its related technologies to everyday life has been a major step forward in many industries and sectors where this technology has been effectively and smartly applied. It is a commonplace that the emergence of blockchain based solutions has improved productivity, profitability, security, accessibility and democratization of business processes and transactions.
With the massive world-changing impact of blockchain and crypto-based solutions, many and more users are adopting cryptocurrency and particularly, BITCOIN because it has given people to regain the power to manage their assets by themselves, to monitor how the resources are being distributed, and to rescue the economy from the control of the few.
Because of this fast-growing adoption of Bitcoin by both professionals and the general public, the Bitcoin blockchain is there faced with some challenges and this has negatively affected service delivery to users.
Some of the most significant among these problems include insufficient transaction capacity, slow confirmation and high transaction fees.
In an attempt to fix the many inherent flaws of the Bitcoin Blockchain that gave rise to the birth the likes of Ethereum, Monero, Stellar, Cardano, and other blockchains.
However, to offer a truly reliable fix to these issues, Bitcoin enthusiasts have put forward solutions like the Lighting Network[0] and Liquid[1] which offers solutions without requiring any modifications to Bitcoin code.
Mixin Network
Similar to the above, Mixin Network is offering popularly distributed ledgers, a solution that allows them to gain trillions of TPS, sub-second final confirmation, zero transaction fee, enhanced privacy and unlimited extensibility without necessarily altering their main structure and features.
Mixin Kernel is a high performance distributed ledger and its sole responsibility is to verify asset transactions.
The Mixin Network offers a wide range of unique features that enable it to deliver on the promises of the app.
1. Mixin Kernel: Mixin Kernel is a fast asynchronous Byzantine fault-tolerant directed acyclic graph to handle unspent transaction outputs within limited Kernel Nodes.
2. Punitive PoS: The Kernel BFT consensus is secured by a strict punitive PoS that protects it from attackers.
3. Trusted Execution Environment: Mixin Kernel is already an ABFT consensus DAG and this ensures security from how it runs.
4. Light Witness: Mixin Light node is a simplified payment verification (SPV) node to Mixin Kernel.
5. 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.
6. Attack Resistance: Due to the PoS and distributed nature of both Kernel and Domain Nodes, and enforcement by Intel SGX, the keys are almost guaranteed to be safe from leaks.
7. XIN — The Token: XIN is the sole token used by many services in Mixin, including full node collateral, DApp creation and API calls.

Summary
The Mixin Network is a secure a multi-layer distributed network with a Mixin Messenger App that proves the feasibility of this project.

For more information on the Mixin Network, use the following links.

Website | Whitepaper | Telegram |Twitter | Medium

Written By Nwachukwu Henry
Bitcointalk ID: ysl2k9