Mixin Network: The lower block code hidden in the city

The current information is very limited and a few meters try to answer these questions:

1. What is Mixin Netwrok?

2. How does Mixin Netwrok work now?

3. Is it worth investing in Mixin Netwrok?

What is Mixin Netwrok?

At mixin.net (mixin.one), we have the following recommendations to summarize the essence of Mixin Netwrok:

According to Google Translate, it can be understood as follows: Mixin Netwrok is a BFT-DAG network managed by TEE that connects all existing lockable chains with unlimited bandwidth.

This excerpt illustrates several features of Mixin Netwrok:

Mixin Netwrok uses TEE and DAG technology.

Technology is not a few meters of intensity; a simple query might know:

TEE is a powerful runtime technology for developing unique flowchart models to ensure consistent data replication and allowing mobile nodes to perform full validation.
The DAG technology DAG is an abbreviation of Directed Acyclic Graph, which is a graph structure with vertices and edges. He guarantees that he will move from one vertex along several sides (orientation), but never return tothe origin (no loop). The advantage of DAG can be high concurrency, theoretically unlimited concurrency, which means it can significantly improve transaction processing speed.
Isn't that clear? In fact, a few meters still do not fully understand, but I know that this technology is a relatively advanced blockchain technology. Last year, IOTA hot projects used DAG technology. Thanks to this technology, Mixin Netwrok can use unlimited bandwidth.

Mixin Netwrok is the main chain of the main public network.

Through TEE and DAG technology, Mixin Netwrok wants to connect all existing chains. How uncomfortable? This can be more clearly seen in the figure below:

In other words, in Mixin Netwrok, it will connect to a variety of existing highways, including BTC, ETH, and even
future EOS. From this perspective, Mixin Netwrok is likely to become the world's largest public blockchain
network.

The ultimate goal of Mixin Netwrok is to solve the problem of the ease of use of blockchain technology.

In a one-semester commentary, Mixin Netwrok is also over: unlimited bandwidth, which is more ambitious than the millions of TPS in EOS. In fact, the bandwidth is easy to use. In the white paper, Mixin Netwrok also provides other ideas on usability issues, including:

A limited, reliable, complete website that provides transparency and consistency of data.
Zero knowledge and high transaction speed, low latency.
An interworking protocol that connects all blockchains.
Non-deterministic business models and direct interaction with reliable external resources.
The account model is based on phone numbers and PIN codes and is easy for mobile phone users to use.
Safe point-to-point channel.
Developers can easily use all Linux libraries and programming languages.
The largest and never-branched mobile network.
Among them, the transfer is free, the second is connected, cross-links connecting all existing blockchains, mobile phone accounts and easy-to-use developer language, even mobile blockchains that never extend or match mobile devices Internet internet. I think this is a subtle solution to the pain points of the existing block.

So the problem is coming. Imagine such an ambitious project, what is the current progress?

How does Mixin Netwrok work now?

Progress of the main chain Mixin Netwrok

From the perspective of the Miksin wallet, Mixin Netwrok has access to BTC, ETH, ETC, LTC, BCH, XRP and other major circuits.

Progress Mixin DAPP

In the construction of DAPP, Mixin has also made many breakthroughs, some of which have already had some impact, and the support positions are also in a short book:

Mixin.one: IM application, WeChat in the blockchain world, detailed experience can refer to the article a few meters yesterday.
Press.one: The copyright agreement links the creation and distribution of all media, greatly reducing the
frictional costs of existing copyright transactions. Based on the free MXIN transmission system, it can realize small micro transmission.
iVery.one: Social network economics that follows the rules of free market economy by comparing Facebook.
Motion.one: The top 200 game makers and revenue-generating channels are probably the first extraordinary products on MIXIN.
Fox.one: A summary software system in the foreign exchange market that facilitates transactions, provides information, and consults.
Themis.im: The project forecasting market for smart contracts immediately at the World Championships is also a small wind.
Clearly, with the development of these DAPPs, Mixin Netwrok will become more and more familiar to the public.

Look, Mixin Netwrok is still in the real work, and is also recognized as part of the project, then is it worth
investing?

Is it worth investing in Mixin Netwrok?

To answer this question, first understand how the current Mixin Netwrok token is assigned.

Analysis of supply situation

Since the main chain has not yet been established on the network, the Mixin Netwrok token is still a familiar ERC20 tag, the English name is XIN, the total amount is only 1 million, and will never be released. In today's hundreds of billions or even billions of tags, it is very rare, and at least the tokens are sold in projects that are visible a
few meters away. Since the number is too small, it also has a minimum unit, 1xin = 1000mix.

This is 1 million pieces, 50% of which is reserved by the team. Pay attention to retention, not necessarily to the team, but also include the marketing section. The other 40% is released on bigone and 10% is released to whitelisted users. In other words, in theory, the liquidity in the market should be 50%+, or about 500,000.

In addition, according to the white paper design of Mixin Netwrok, the XIN of the future Mixin network will be completely destroyed to ensure the steady increase of XIN value. This is another design alternative to the current main chain. Let's compare:

The total number of Bitcoin networks is 21 million, and the current liquidity is 17 million. From the perspective of the Year of Nature, it actually grows every year, but the inflation rate continues to decline.
At present, there are about 100 million Ethereum networks, all of which are in circulation. There is no upper limit and it is growing every year.
EOS currently has a total of 1 billion pieces and has more than 800 million pieces. After the main online, the annual moderate inflation rate is 5%.
From the point of view of these chain chains, the total amount is large, and there is moderate inflation every year, while Mixin is the opposite.

Analyze the demand situation

On the one hand, the design of tokens for continuous deflation, on the other hand, the need for continued
growth, currently known requirements:

The complete Mixin node must commit at least 10,000 XIN to establish the initial credit of the node.
DApp development requires a certain amount of XIN to be paid on the network at a time, and its size is
determined by the network resources it occupies.
The same is true for DApps that call the Mixin API, and the number is determined by the type and number of
calls. It is unclear how users with XIN can share revenue with nodes and how to allocate specific revenue.
I will not analyze these items one by one. Take a look at the recent battle with the Super EOS node. The first
use is enough to lift Miksin to the sky.

Disclaimer: After all, investment is your own business. I provide information and you are responsible for
making an independent decision.

Website: https://mixin.one/
WhitePaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5028456.0
Twitter: https://twitter.com/Mixin_Network
Facebook: https://www.facebook.com/MixinNetwork
Telegram: https://t.me/MixinCommunity
Github: https://github.com/MixinNetwork
Reddit: https://www.reddit.com/r/UNetwork/

Author:
Telegram: @Alex14BBC
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2382322
Bitcointalk Username: a.shabanov