Mixin Network Testnet Released, Overseas Community Building Officially Launched
In the booming Blockchain scene, Bitcoin is not perfectly suitable. Its main issues include insufficient transaction capacity, slow confirmation, and high handling fees. Due to the highly distributed nature of Bitcoin network, it is not feasible to fix existing key issues. As a result, people tend to create new projects instead of constantly patching up the original Bitcoin project to solve these problems.
Current Challenges
Despite many projects like Ethereum, Monero, Stellar, Cardano have overcome some of the problems of Bitcoin and added some new features, but they didn’t solve the inconvenience of Bitcoin itself, and these projects cannot benefit from each other.
Mixin Network is a simple UTXO transaction network, focused on transaction functionalities and privacy protection, which is composed of a single theoretically permanent Kernel, many dynamic Domains and different multipurpose Domain Extensions, to formulate an extended star topology. Kernel has a simple logic, it can achieve almost unlimited concurrency performance.
Besides solving Bitcoin’s inconvenient problems, Mixin Network is also supporting 12 blockchains including BTC, ETH, EOS, XRP, ETC, SC, BCH, LTC, DASH, Doge, ZEC and XEM. As a result, it supports transactions of over 40,000 cryptocurrencies, which let those projects benefit from each other.
Testnet Officially Launched
The Testnet has implemented the BFT-DAG transaction verification function, and the test performance reached 10,000+ TPS in 7 global nodes. All the transactions could complete the final irreversible confirmation in hundreds of milliseconds.
This proves that the high-performance BFT-DAG transaction network declared by Mixin Network in its Whitepaper is feasible.
With the release, anyone can now:
Deploy and verify the performance and Concurrency of the transaction network
Create Mixin Network test accounts
Send testnet XIN tokens
Download Mixin Messenger here:
*Android: https://play.google.com/store/apps/details?id=one.mixin.messenger
*AppStore: https://itunes.apple.com/app/mixin/id1322324266
Link website: https://mixin.one/
Mixin on coinmarketcap: https://coinmarketcap.com/currencies/mixin/
Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf