Mixin Wallet Review: Secure Digital assets and Messages on Mixin

by Cws Team
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About Mixin Wallet

Mixin Wallet is an open-source cryptocurrency wallet and signal protocol messenger, which supports almost all popular cryptocurrencies. This is built on Mixin Network, it’s a PoS second layer solution for other blockchains. Theis Network is a distributed second-layer ledger, so you own your crypto assets. This is a free and lightning fast peer-to-peer transactional network for digital assets.

Mixin is a messenger that can be used to transfer all cryptocurrencies with end-to-end encryption, offering the easiest way for anyone to enter the blockchain world. The platform is designed to offer everyone a fair platform, created on a decentralized network – built with the purpose of processing transactions, contracts and businesses within seconds.

What are the Main Features of Mixin?

  • Login with a mobile phone number, never lose your account
  • Secured by six-digit PIN
  • Coins and tokens are stored in PoS-BFT-DAG distributed network
  • Send cryptocurrencies directly to phone contacts
  • Send secure messages with Signal protocol

How it works

The Mixin Wallet Network is composed of different high performance distributed ledgers, with the core ledger called the ‘Kernel’, and the supporting ledgers called ‘domains’ and ‘domain extensions’.

Domains are gateways that feed assets from Bitcoin, Ethereum, other Blockchains, and even central banks into the kernel. The kernel is responsible for verifying and governing the assets and their transactions.

Domain extensions are the distributed ledgers that store Ethereum, EOS and other blockchain smart contracts and trusted applications.

Mixin Domain

The Mixin domain communicates with the kernel via system calls. In order for an external asset (from the Bitcoin blockchain for example) to become associated with the kernel, a public key is first produced to connect with the domain, and then an asset specific public key (i.e a Bitcoin public key) is produced to connect the asset to the Kernel. If someone wants to send funds from their Bitcoin wallet to the network, the domain will create a transaction to the public key, and the kernel will verify the transaction.

Mixin Domain Extension

The Mixin Wallet domain extensions enable users to setup ‘smart contracts’ from a single computational unit (i.e your laptop or iPhone). These smart contracts are higher performing and more robust than those currently offered on the Ethereum blockchain.

XIN Token

XIN tokens are the main token used in the network. Like Bitcoin and Ethereum, the token is paid to those who support the network by validating transactions. XIN tokens are also staked in the proof of stake consensus protocol (at least 10,000 XIN tokens must be staked to join the network as a full node).

The Mixin Network also connects to different Dapps using API calls. These Dapps pay the network in XIN tokens based on the amount of resources the Dapp consumes.

Mixin – Crypto Wallet & Private Messenger

Mixin Messenger is an open-source cryptocurrency wallet and signal protocol messenger, which supports almost all popular cryptocurrencies.

They consider Mixin Messenger as the most convenient wallet for Bitcoin, Ethereum, EOS, Monero, MobileCoin and thousands of cryptocurrencies.

Mixin Messenger is built on Mixin Network, it’s a PoS second layer solution for other blockchains. Mixin Network is a distributed second layer ledger, so you own your crypto assets. Because of this second layer, it’s normal that you can’t check your BTC address balance on a Bitcoin blockchain explorer.

Features:
• Login with a mobile phone number, never lose your account
• Secured by six digit PIN
• Coins and tokens are stored in PoS-BFT-DAG distributed network
• Restore wallet just by phone number and PIN
• Simple interface
• Send cryptocurrencies directly to phone contacts
• Send secure messages with Signal protocol
• Support Dark mode
• Group chat list
• End-to-End encrypted group voice call

Tips for securely storing your Mixin 

  • Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
  • Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
  • Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
  • Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
  • Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
  • Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
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