Mixin Network — New Generation Transcation Network

4 min readOct 27, 2018

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

I. Overview

Mixin is composed of a single theoretically permanent Kernel, many dynamic Domains and different multipurpose Domain Extensions, to formulate an extended star topology.

II. APP MIXIN

Over 100 million transactions of Mixin Network have been completed since it’s official released at the end of Sep, showing that this comprehensive transaction network has gained praise far and wide. Following is the step-by-step tutorial guiding both newbies and experienced users how to get the most out of Mixin Messenger wallet.

After sign-up and logged in Mixin Messenger, click the wallet icon at the top-left corner of the interface, you enter into Mixin Messenger wallet.

Your asset will be shown at the upper part of the interface, while all cryptocurrencies Mixin Messenger supports with real-time market info that is linked to CoinMarketCap are presented in the lower part.

III. The goal of the Mixin Coin

Build all the nodes on the network with authorized limits
Establish a network in which transaction fees are free with high throughput and low latency.
Creates a blockchain communication protocol that connects all common blockchain networks.
Anonymous and direct interaction with trusted external sources.
Create a friendly code system
Become the biggest blockchain of mobile phones

IV. Mixin Feature

Secure

The Kernel BFT consensus is secured by a strict punitive PoS. If a kernel node is determined to be an attacker, all its collateral will be recycled into the mining pool.

TEE enforcement ensures three important security and trust factors for Mixin Kernel.

Mixin Light node is a simplified payment verification (SPV) node for Mixin Kernel. It stores all unspent outputs for easy account balance query.

2. Instant
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.

3.Private

Mixin Kernel utilizes the UTXO model of Bitcoin to handle transactions. The CryptoNote one-time derivation algorithm is also used to improve privacy as there are no address reuse issues that come with it. The three Ghost Output thresholds used will improve privacy while also forcing the outputs random amounts.

4. Powerful

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.

V. MIXIN TOKEN

XIN token can also be used to exchange digital assets with end-to-end data encryption, which offers the most easiest way for people to enter blockchain industry.
Total Supply: 1,000,000
Circulating Supply: 443, 645
Token Sale Date: Nov 25 ~ Dec 25 2017
Market Cap: $59,268,505 USD (rank #97)
Current price: $133.59

Mixin listed on :

Currently we can only exchange Minxin at BigONE, FCOIN by EOS (about 90%), BTC, ETH or BITCNY. You can click on the links we refer below to find out about these pairs of transactions on BigONE:
XIN/EOS: https://big.one/trade/XIN-EOS
XIN/BTC: https://big.one/trade/XIN-BTC
XIN/ETH: https://big.one/trade/XIN-ETH
XIN/BITCNY: https://big.one/trade/XIN-BITCNY

CONCLUDE

This is a very potential project. You can look at the solutions and their characteristics can see the intelligence, development of the project as it is not. It will meet all of the blockchain-based trading needs with the highest security available.