Mixin Network is a very good transaction network and has advantages compared to other exchanges. this is a transaction network in peer to peer, very fast and safe for various crypto coins. To process the transaction, Mixin Network uses 3 main components, namely the kernel, domain and domain extension.
The kernel is the core in the Mixin network. The kernel is an asynchronous Byzantine fault tolerance that quickly directs the acyclic graph to handle unused transaction output in a limited Kernel Node. Mixin Kernel is a large book with high performance distribution and its main responsibility is to verify asset transactions. That said, a single permanent Kernel Mixin is also a distributed network like the Bitcoin network as a whole.
this is a component that will provide assets for Mixin Kernel. Mixin Domain is a distributed ledger to provide assets for Mixin Kernel. These assets may be on Bitcoin, Ethereum or other blockchain, even central organizations like banks.
Domain Extensions are programs that run on Domain Instances secured by a Secure Enclave on Intel SGX, a popular and safe Trusted Solving Environment. Domain Extensions can reach many targets that are almost impossible in something similar to Ethereum.
- Much higher performance and lower latency which is limited only by hardware.
- Non-deterministic transactions, eg trusted random number.
- Interact directly with trusted external sources.
The Mixin Network mechanism uses highly distributed duplication and secret sharing, encrypted private keys are also guaranteed to be safe from losses.
The kernel will constantly balance assets in different Domains to further prevent loss of assets in the event of a leak or loss of private keys that are almost impossible on different domains. This network will prove that Mixin is safe for digital assets against various possible attack vectors. To simplify the explanation, only Bitcoin will be used as a sample.
To join the network as a complete node, one must promise at least 10,000 XIN tokens to build initial trust. Each new action to make DApp will have a one-time fee in XIN, an amount determined by the resources claimed by DApp for consumption. The Mixin API call from DApps can cost XIN well, depending on the type of call and number.
[Website] https://mixin.one/
[Whitepaper] https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
[Twitter] https://twitter.com/Mixin_Network
[Facebook] https://www.facebook.com/MixinNetwork
[YouTube] https://www.youtube.com/channel/UCg67cC-GO8wNEOdgGH5IRew