Mixin is a free and fast point-to-point cross-chain digital asset trading network, which can help other blockchain distributed ledgers to obtain ultra-high TPS, sub-second confirmation, zero transaction fees, enhanced privacy, and unlimited expansion capabilities.

Project Introduction

Mixin is a free and fast point-to-point cross-chain digital asset trading network, which can help other blockchain distributed ledgers to obtain ultra-high TPS, sub-second confirmation, zero transaction fees, enhanced privacy, and unlimited expansion capabilities.
Mixin maintains a balance between centralization and centralization to provide the best performance, which is similar to EOS. Based on the mobile phone number and PIN code as identity authentication, it eliminates the barriers for the general public to enter the blockchain. The biggest highlight of Mixin is that it pays miners by increasing the price of coins in a deflationary way, making users free, and achieves the same effect as EOS’s free inflation.
BTC or other digital currencies circulating on the Mixin network will circulate among internal users and will not interact with actual networks such as BTC, so transfers can be made quickly and without handling fees (recharge and withdrawal are definitely required).

Features of the public chain

Multiple security: PoS decentralized network, TEE hardware reinforcement, tens of thousands of light nodes supervise all nodes to prevent evil;

Ultra-high concurrency: It can be directly applied to large-scale commercial applications, and its performance is close to that of traditional centralized servers. It can achieve 100,000, one million or even higher TPS by upgrading hardware and bandwidth;

Free transfer: user transfer is free, which can meet commercial application scenarios such as micropayment and consumption.

Real-time transfer: At present, it only takes 300 milliseconds for 31 nodes to complete the verification and signature of a transfer, and there will be no problems such as transaction rollback and double spending.

Rich support: now supports 23 main chains such as BTC, ETH, EOS, XMR, and more than 100,000 tokens.

Simple management: Single account management of multi-chain assets greatly simplifies the difficulty of user asset management, and supports new public chains in the future by default.

Transaction privacy: Only the two parties know the transaction, and the whole node cannot know the two parties. That is to say, the specific transaction parties cannot be deduced from the transaction itself.

Eco-friendly: No license required, easy access, stable service, and predictable cost. The standard REST API interface allows developers to quickly implement products and services with a low learning cost and any familiar language. In addition, the most important thing is that the cost of developing applications based on Mixin is predictable, just like using AWS cloud services. Reasonably good performance.

XIN - Token

XIN is the only token for all services in the Mixin network. The mortgage of all nodes, the development of DApps and the calling of APIs are all inseparable from XIN. A Mixin full node needs to mortgage at least 10,000 XIN to establish the initial credit of the node.

The development of DApp requires a one-time payment of a certain amount of XIN to the network, and the amount is determined by the network resources it will occupy. The same is true for DApp calling Mixin API, the number is determined by the type and number of calls. The XIN collected by the Mixin network will be completely destroyed to ensure the steady increase in the value of XIN. This means that DApp developers need to pay for the use of Mixin network services, but ordinary users do not. Of course, ordinary users may need to pay for the DApps they use.

Mixin will issue a constant amount of 1,000,000 XIN at one time. For the convenience of calculation, the Mixin network will use milliXIN as the main pricing unit, abbreviated as MIX, and 1 MIX is equal to one thousandth of a XIN.

Related links:

https://beex.zendesk.com/hc/zh-cn/articles/360035624112-Mixin-XIN-%E9%A1%B9%E7%9B%AE%E4%BB%8B%E7%BB% 8D
https://www.jianshu.com/p/a850b1821883
https://www.jianshu.com/p/9fb578da311f
https://mp.weixin.qq.com/s? __biz=MzU4MTAwODMxNg==&mid=2247483856&idx=1&sn=44f0289dbad2e937d2da686ef000d312&chksm=fd4f6f03ca38e6154ac6ec1f360f4d5ee079e3c90138192f98d613fe6bd23df9c111c14f46dc&scene=21#wechat_redirect