What is Mixin? Mixin (XIN) is a smart contract platform that makes it easy for users to transact peer-to-peer across Blockchains. cryptocoin.com In this article, we have answered the questions asked by investors such as what Mixin is, what it offers, what is XIN coin, what is it for, how to buy it. Let’s examine together this project, which focuses on smart contracts and dApps.
What is Mixin?
Mixin (XIN) is a smart contract network that facilitates peer-to-peer (P2P) transactions with digital assets across blockchains. Mixin Messenger, the first dApp created on the network, has Facebook Messenger-like features. However, unlike it, a wallet that supports most cryptocurrencies is integrated into the app. Accordingly, users can send cryptocurrencies through this messaging application. The wallet integrated into Messenger supports BTC, ETH, BCH and ETC.
Mixin company was founded in 2013 by Cedric Fung in Tokyo, Japan. However, the launch of the smart contract network took place in 2017. At the end of 2018, the company was bidding $150,000 for a global development competition on the platform. Mixin Labs, which owns the Mixin Messenger platform, is a subsidiary of the Mixin company. Li Lin became President of Mixin Labs on October 23, 2018.
What does Mixin offer?
Mixin is basically designed to enable the interoperability of Blockchains. However, the project focuses more on cross-blockchain asset transfer. Accordingly, users in Mixin can transfer their cryptocurrencies between networks. They also do this with extremely fast transaction speeds. Mixin’s infrastructure is encrypted and works as a security layer on the network for users to trade and transfer assets. Accordingly, all transferred assets are sent in an encrypted manner. Other users cannot know the details of the transaction. The ecosystem also supports the creation and hosting of decentralized applications.
What is XIN? What does it do?
XIN is Mixin’s native cryptocurrency. This asset, which has a total supply of 1 million units, is used for staking within the platform. Accordingly, users can earn passive income by staking XIN tokens. This refers to token holders locking their assets into the platform’s smart contracts. Users who lock with a certain maturity will receive rewards in the form of cryptocurrencies at the end of the maturity. In addition to staking, XIN makes it possible for developers to produce applications by running smart contracts. It can also be used as a payment method for all gas fees in the network.
What is Mixin? How to get XIN?
Mixin is traded on cryptocurrency exchanges such as BigONE and CBX. Interested investors must first become a member of one of these exchanges. They will then be able to place a purchase order for cryptocurrencies by depositing an asset in their wallets according to their XIN parity.
