MIXIN NETWORK (XIN)

September 30, 2018

MIXIN NETWORK (XIN) — A free and lightning fast peer-to-peer transactional network for digital assets.

PRELIMINARY
As the challenge of Blockchain scalability continues to handicap cryptocurrencies ascension to mainstream adoption, an industry wide arms race has been launched to produce a distributed ledger capable of achieving faster transaction speeds without compromising security or decentralization. Although solutions like the Lightening Network, Raiden and Plasma currently lead the way, they still haven’t been proven to be the definitive solution for achieving true scalability.

In response to this, the Mixin Network brings to market a multilayered platform built to enhance the speed, privacy and security of transactions between digital assets across multiple distributed ledgers.

Every so often a new blockchain project pops up in the top 100 market cap list, and it leaves investors scratching their collective head to where it came from and what exactly it is offering.

That is most certainly the case for Mixin, which is supposedly developing a mobile-first platform that works to connect and use all currencies on any existing blockchain networks. Mixin claims that it leverages Trusted Execution Environments (TEEs).

INTRODUCING CRYPTONITY

Mixin is a network that is built on the BFT-DAG network and connects blockchains that already are in operation with an unlimited throughput. You can find the platform for download on Google Play if you own an Android, and if you own an iOS then you can download it on the App Store any time. You can also follow them on the social media networks like Facebook, Twitter, Share, and Email.

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

HOW IT WORKS

The Mixin Network is composed of different high performance distributed ledgers, with the core ledger called the ‘Kernel’, and the supporting ledgers called ‘domains’ and ‘domain extensions’.
Domains are gateways that feed assets from Bitcoin, Ethereum, other Blockchains, and even central banks into the kernel. The kernel is responsible for verifying and governing the assets and their transactions.
Domain extensions are the distributed ledgers that store Ethereum, EOS and other blockchain smart contracts and trusted applications.
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.

XIN TOKEN

Mixin (XIN) currently has a market cap of ~$170 million with a circulating supply of 406,156 XIN and a total supply of 1,000,000 XIN. This is a very scarce supply, especially given that XIN is required to participate in the Mixin network. To join the network as a full node, users must stake 10,000 XIN.
The Mixin Network also connects to different Dapps using API calls. These Dapps pay the network in XIN tokens based on the amount of resources the Dapp consumes.
Total Supply: 1,000,000
Circulating Supply: 438,154
Token Sale Date: Nov 25 ~ Dec 25 2017
Market Cap: rank #88
Current price: $148