governance regarding changes to the millix source code is managed by the millix core team. core members can be removed by the core team with a simple majority election where each core team member uses their controlled units of millix as their number of votes.
the millix genesis event occurred on January 20th, 2020 and was conducted in Portugal using servers in Singapore. the full and final supply of 9 billion millix (9 quadrillion atomic millix) was created during this event. no further millix will be created or released. There is no plan to intentionally burn or decrease the supply of millix. no millix was sold prior to the publishing of these disclosures.
following the genesis event, the first two transactions on the network sent 4.5 billion millix (4.5 quadrillion atomic millix) to Genesis Friends LLC and 4.5 billion millix (4.5 quadrillion atomic millix) to Millix Trust. the transactions that followed were sent to the millix core team with no restrictions or limitations.
list of transactions:
2VngVznbdiQ5tqfWqn2NMP8DijqCbLX79Gygo9yYRVFU6iN35h (genesis)
GwoEgegJ1Ux165V5KXUVLdHgmQSDyVSymCUJ9sPAL2wybrSSv
i5HGJ25yP915uVbJ5VmSrtQN55ax3Ha1HARnydKoidXKehxoJ
2JuAFkTUdo2dfkMA75i1V2rcR3xb7K9Fa8hPHmXTR6huFcxW5a
2k7YctcmwcwBqYMwdJ4dTJgQvXatT3BJukU9BrCaUwMR22cMVs
234atSP6AzYU9JRrACVYPh3vNH7sugLb3oiJMLV3DZL37ZyxDu
2GzE4s28iigw6exricws95bLY1tgvSJCexPKnYE8k467HsAzJr
cevqbmx2jutDjG7G4NDTRnTKeaZyetnoSk4LUGi3crZQEgZyN
2jVUUpvi54C1riUUTbvdoi9tFrwTYZ3Rp1HSFQ4gEc8nALAZSH
2qWmWtD733NA94dzvVkD7mxtngD8yy5jJTe3h8qpkZzV8duBuh
NmdRwuzPZKq3kxGr66CzpfJukMpD6Uj8cmZoj3qDxLURsEGNe
aWK4osAX1jw5BeK2A83vc8j2x89i7T2n95LfBugfkD6gP9DVg
eEGx6WdLWoBXoQLazTVqDnya2A9yvHg9iTCab43fWWidgvvzj
UxnPEVS7yPPSB53wngLUhqP1L4ktW53WNLcJUuBqXis9QUC6r
26NywDKjUQ4hQP2uTCadche4Znqrr4BmWCMaDpmmqyPUEch1aJ
no team member or related person has a right to obtain millix in the future, in a manner that is distinct from how any third party could obtain millix.
the millix network is not dependent on a single person or group to carry out the essential managerial or entrepreneurial efforts. the network is open source and there are no restrictions preventing millix units held by users, programmers or participants in the network from functioning on the network.
all transactions are publicly accessible on the network explorer on the independently operated website millix.com.
although other trading platforms may exist without our knowledge, it is known that millix can be traded on the independently operated website millix.com. purchase of millix involves a high degree of risk and the potential loss of money.
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
e-commerce systems
data distribution systems
online financial services
communication services
affiliate marketing
manufacturing and logistics operations
gaming platforms
accounting and legal practices
fundamentally, there was a recognition that
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.
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
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
millix is available to download for windows, mac, and linux at millix.org/client.