Aren’t you scared?
The last situation about mass stealing of cryptocurrency with the horrible incedent with Japanese exchange is something crazy. Several years straight people were trying to ensure everybody that blockchain is the fastest and safest way of storing your data and money, but it has appeared that they were lying to us. Trying to pay more attention to this issued, I made two conclusions. First is that in most cases people are responsible for loosing their money, because they rely on external sources too much. Second is that there is only one solution, which is capable of changing the future of blockchain interaction is Mixin. Nevertheless, let us start from security issues.
Theoretically, there is no way of stealing your money without your private key to the wallet, where you store them. In the same time, there is huge amount of different viruses and malware capable of stealing these files from your phone or PC. However, it is pretty easy to enable two-factor authentication, so none of transactions will be made without additional permission. You may wonder how people were capable of stealing 65 worth coins from the exchange. It think it is all about wallets and lack of direct interaction between blockchains and exchanges.
Every centralized exchange has its own reserves. Those reserves help them to work much faster than decentralized exchanges, but the speed made these reserves very vulnerable. According to the centralized nature and automated exchanging process, they need to store all the tokens and keys in the same data storage, so when it was hacked, all the wallets was hacked in the same time. If people were able to exchange between wallets and exchange will be the only intermediary that helps these people meet, nothing like this could happen.
Mixin is future
Today people have no alternatives. Literally, they had not have any alternatives until the appearance of Mixin. Decentralized exchanges were not so popular, because it was hard to find adequate offer and different blockchains (which works as the best for certain cryptocurrencies) were separated by different exchanges. Mixin is here to destroy all these obstacles and start a completely new era of blockchain transactions.
Mixin is not attached to any certain blockchain. In the same time, almost every blockchain could be attached to Mixin core via special gateway. In addition, Mixin is already capable of connection to bank API, so it is capable of interaction with fiat money. So why nobody managed to create something similar before? Because Mixin Kernel is pretty complex technology and it is not so easy to develop it in short amount of time. Fortunately, Mixin team has a great understanding of cryptocurrency market participants and their need.
However, there is no way to participate in Mixin ICO, because the project is already up and working! If you would like to buy XIN tokens, you may find them on several major exchanges, and if you need some more information about technology, Mixin official website it waiting for you! You will not be disappointed.
💡 Website: https://mixin.one/
📃 Whitepaper: https://mixin.one/assets/Mixin-Draft-2018-07-01.pdf
🔊Telegram: https://t.me/MixinCommunity
💎 Author MR_Klip : https://bitcointalk.org/index.php?action=profile;u=1347327
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