Mixin (XIN)




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About Mixin 

Mixin (XIN) is a BFT-DAT network that utilizes the Trusted Execution Environment (TEE) technology to connect existing blockchain platforms with zero throughput The term allows the virtual currency community to conduct real-time electronic transactions or receive real-time electronic payments using mobile technology based on Blockchain technology from EOS (a blockchain platform similar to Ethereum).
Coin is the coin coding used in Mixin to pay for costs associated with sales or services in the platform as used by developers to use Mixin to create distributed applications. the right to serve everyone. In order to develop applications on the Mixin platform, the development team needs to have at least 10,000 APs to create initial trust. Normal users at the platform will not be charged, however, when using any developer’s applications in the platform may be charged.
The objective of the Mixin Coin project
Mixin wants to create balance in distributed networks and traditional clusters by combining the advantages of both. The purposes that Mixin wants to accomplish include:
  • Building all the nodes on the network has authoritative but reliable limits to ensure data transparency and consistency.
  • Establish a network in which transaction fees are free with high throughput and low latency.
  • Creates a blockchain inter-communications protocol that connects all common blockchain networks.
  • Transactions are anonymous and interact directly with trusted external sources.
  • Easy and secure account verification based on phone number and PIN
  • The secure encrypted message system ensures that no one can read the message except the designated recipient
  • Creates a friendly code system that facilitates compatibility for all Linux libraries and programming languages, enabling third-party developers to use the system to create powerful, feature-rich applications than
  • Become the largest blockchain network for mobile phones
To accomplish these goals, Mixin has designed a blockchain platform using the Trusted Execution Environment technology, while the consensus algorithm (PoW) primarily acts as a guarantee for data replication, and The platform’s mobile nodes will act as validators to perform authentication in real time.
The basic element of the Mixin platform is to create trustworthy nodes that run in its environment. All Mixin buttons are fully trusted because they can verify the identity of all other nodes through the platform’s TEE technology.
Features of Mixin Coin
The highlights of the Mixin platform are:
  • End-to-End Encryption Messaging: Mixin uses the message sender’s signaling protocol key to encrypt and manage all conversations, whether it be direct messages or targeted in a huddle. No one can check anything from the message without being authorized by the messenger, even the fully functional buttons and the high reputation of Mixin can not be read. All messages will be permanently deleted on the server after being read by all recipients in the conversation. Meanwhile, the photos, videos, and all other attachments of the sender are also encrypted with the AES key before uploading the platform’s cloud storage. This is a very prominent feature of Mixin
  • Mobile and PIN Based Identity: One of the many hurdles that prevents people from using popular blockchain is not performance, which is the process of identifying or managing accounts. clause. All of today’s popular blockchain networks require people to manage at least one private key to keep their identities, which are very difficult to remember, and sometimes cause problems for many. People want to access this technology. In the Mixin platform, it has designed a much simpler identification solution that is identity and management based on phone verification codes and PINs. With the use of TEE technology, Mixin’s phone identification and PIN code solutions have the same security level as other blockchain platforms.
Development team of the Mixin project
Mixin’s development team has many years of experience in areas such as finance, encryption, information technology, blockchain, etc.
The exchange rate of the current virtual currency Coin
XIN is listed on the Coin Market Cap from January 2018 for an initial price of $ 2245.11 per coin.
Currently, the coin-encoded coin has a total capitalization of more than $ 62 million, and its trading volume is over $ 50,000 over 24 hours, and is in the 91st position of Coin Market Cap. The number of coin issued will be 1 million XIN, the number of coin being exploited is 443,507 XIN.
How to keep the Token?
XIN is an ERC20 compliant token, so you can store it in ERC20-compatible cold wallets such as MyEtherWallet, Trezor, Ledger Wallet.
Also, if you are a frequent trader, you can keep your token directly on your electronic wallet. If you are a long-term investor and do not have regular trading needs, should use the type of wallet that we have suggested for you on the offline.
Epilogue
The above is the information you need to know about digital currency coding Mixin Coin (XIN) hope through the article will help you get an overview of the XIN. If you want to learn more about XIN refer below
Author: Nyosop

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