Mixin: Review of a Transactional Network for an Updated Bitcoin Version

Hello,

A Network for the New Age

Bitcoin has over the years grown manifold however, change is inevitable and same goes with Bitcoin, because with trends turning around in a matter of seconds, Bitcoin technology had to take a evolve but sadly it could not do so. Therefore, brains behind “Mixin Network” gave it into a network that finds itself based on “Multiple layers of Distributed Network”.

It was never an easy task but with due work put in, the team at Mixin Network brought together some of the major issues to be solved. A security system is in place to guard against ‘external blockchain assets’ while keeping all its sources intact so as to avoid problems.

Transactional Network for Digital Assets has to work according to the times. And if you look at the situation today then you can see that cryptos depend on Bitcoin, its good, however, modifying it completely is highly impossible with the current scenario, it was necessary for something else to step into the picture.

Financial Power Given to Resource

Financial resources took a new turn with the introduction of Bitcoin because, with Bitcoin, it became an easier task to keep an eye out for the distribution of resources. Bitcoin turned out to be more powerful due to the fact that it was linked with Blockchain Technology something that not only defined but also refined the theory of “Decentralization”.

Growing Problems

There was, in fact, a lot of disturbance when it came to resolving issues as Bitcoin has snags such as slow confirmation, high transaction fees besides insufficient transaction capacity. Such and similar other shortcomings gave birth to Ethereum, Stellar, Monero among other blockchains.

Deterrence was never a part of Bitcoin’s dictionary as they worked on their limitations to give life to “Lighting Network”, without any alteration to Bitcoin code. In a similar fashion, Ethereum picked up on a newer one called: the “Raiden Network”.

One Stop Solution: The Technology Involved

Whilst, the team at Mixin figured out a way to empower not one but all of the “Distributed Ledgers” thus providing all Blockchain Ledgers with the “Solution Mixin”. One must understand the part that Mixin does not and has never planned to make cryptocurrency instead it is an answer to issues that distributed ledgers face.

On the other hand, “Mixin” consists of permanent Kernel, Domains as well as multiple Domain Extensions (for different purposes), all of this together makes up for the ‘extended star topology’. This Mixin Kernel verifies ‘asset transaction’ along with being ‘high performance distributed ledger’.

Similar other features make Mixin Kernel and Domains without any central authorities thereby turning them towards being available on the distributed ledgers (read public ones).

Best Part

->One would be in for a surprise that Mixin has made itself on an existing platform thereby not bringing any new or a different technology to the forefront. Apart from this, Mixin Messenger app is user-friendly and this is the best part of using it.

->Mixin will give access to some of the top-class facilities like zero transaction fee, improved privacy levels, sub second final confirmation, trillions of TPS and unlimited extensibility. Now, this is what we call a true blue distributed platform that has been awaited by many out there.

For More Information Please Visit : -

Website

WhitePaper

Bitcointalk Forum

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Information Source-->Website, White Paper

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Download Mixin Messenger : - https://mixin.one/messenger

Thanks And Regards,
@yuvadeep

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