millix is an open source cryptocurrency project. millix is fully decentralized, designed for simplicity, transacts at very high speed and very large scale.
work began on the project in spring of 2018 by a diverse group of developers and business professionals. their motivation to create a cryptocurrency protocol with the use case potential of millix came from their backgrounds building:
social network platforms
content management systems
data distribution systems
online financial services
manufacturing and logistics operations
accounting and legal practices
fundamentally, there was a recognition that
“all activity benefits from trusted
which influenced the following set of first principles:
currencies should not be created with debt
currencies should operate at infinite scale
the cost of securing value can't exceed the value it secures
a currency's market value should be proportionate to its fundamental value
participants that increase fundamental value should be compensated
currencies should function without carrying the weight of previous transactions
currencies should work the same throughout the spectrum of transaction values
modern currencies should be at least as simple to use as primitive currencies
simplicity at the edge is only possible with equal simplicity in the foundation
to the extent there is an inverted correlation between utility and a store of value, millix is not intended to compete with the use case or feature set of blockchain projects. the utility that comes from scale and speed has been prioritized, leading to the principles and methodologies described above.
learn more: meet the millix team
case study: the speed and scale of millix
Developers: millix certification for technical and non-technical careers
the total allocation of 9,000,000,000,000,000 mlx (nine quadrillion millix) were created in a genesis event on January 20th , 2020. millix is not being offered directly for sale. instead it will be distributed to participants who support and improve the millix ecosystem.
participants running millix software constantly receive millix for performing protocol related tasks that improve the millix ecosystem, such as storing transaction data and verifying transactions.
the economy is envisioned to allow any participant to incentivize any computing activity by any other participant via fees.
learn more: how can I earn, buy or sell millix?
use case: millix turns unused computer power into income
unlike blockchain cryptocurrencies, millix is built on the logic of Directed Acyclic Graph (DAG) for transaction speed and capacity that increases as more transactions and users are added.
millix is original work and was not built on a copied code base of existing work. millix has no points of centralization. millix has no designed bottlenecks. millix has no hierarchy of participants of capabilities. millix data is natively sharded.
learn more: how does millix data sharding work
learn more: the millix toolbox of trust
learn more: how do transactions work
learn more: how do transactions get verified
learn more: how does the millix network work
developers: full API documentation and tutorials
the initial millix road map consisted of the following themes:
base organization and functionality
connecting millix protocol to machines for large scale transactions
large scale transaction speed and storage
a community of earning
store and own your personal data
developers: contribute to the millix project
2019build, test, break
2020genesis event Jan. 20. The total supply of nine
quadrillion millix created
proven: DAG operates without centralization
2021millix.com is first Layer 2 application
millix runs on raspberry pi
achieved blockchain style state of the network
tangled browser is second Layer 2 app
public beta release Dec 21
20221,000,000th millix transaction
> 100,000 transactions in one day
Advertisers: >200k payments per day
14,000+ nodes installed on the network
TangledTrivia.com is 3rd app built on millix
CobraHelix.com is 4th app built on millix
SwapLand.io is 5th app built on millix
Nodes operate in light mode
data stored on the DAG
NFTs stored using millix
Tangled social is 6th app built on millix
WMLX bridge between MLX and ETH
millix is available to download for windows, mac, and linux at millix.org/client.