What is Mixin?

Mixin was coming out in late 2017, there were several words make people feel confused, such as Mixin, Mixin Network, Mixin Messenger, and XIN. People always misunderstand them, if you agree to it, please continue to read this article, you’ll find the answer.

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.

Mixin Messenger is an example to show developers how to build the DApps on Mixin Network. Users can easily access their kinds of blockchain assets only through a phone number and a 6-digit PIN code. XIN is the sole token used by many services in Mixin, especially full node collateral, the DApp creation and API calls. To join the network as a full node, it should pledge at least 10,000 XIN token to establish the initial trust. Every DApp creation will cost some XIN for one time, the cost is determined by the resources the DApp claimed to consume. The Mixin API calls from DApp may cost some XIN depends on the call type and count. All the XIN penalties and fees charged by the network will be recycled to the mining pool.

One more thing to tell you that Mixin sponsored the hack.summit() 2018, the virtual Hackathon, it will take place from July 6 to July 8 2018, we provide up to 100 XIN as prize, for more information about Hackathon challenge, please read this.