Jax Network Solving Crypto Mass Adoption
Introduction
Nowadays, DeFi businesses have filled the market, and it may be hard to understand which one offers the best product or service. In that case, clients need to look for competitive advantages and find out whether they are relevant to their objectives. Unlike other companies, we at Jax.Network are ready to lay our cards on the table right here, right now!
Key aspects of Jax network.
Every business needs a special feature that will attract customers and make them come back for more. This feature is often called competitive advantage. So, in other words, it’s something that allows a company to do the job better or cheaper than its competitors. Competitive advantage helps to distinguish one company from a wide range of other companies that offer similar products or services. It also helps to build brand loyalty, attract new customers, and set higher prices.
- Secure
JaxNet protocol is directly anchored to the Bitcoin ecosystem thanks to its merged-mining algorithm. Therefore, it benefits the same level of security as the BTC network.
- Scalable
Jax.Network sharding solution allows for a virtually unlimited amount of transactions per second, rivaling that of centralized payment systems like Visa or Mastercard while remaining totally secure and decentralized.
- Decentralized
Based on Proof-of-Work, Jax.Network employs an equitable merged mining solution and is not subject to general concerns of centralization.
Jax Network Features
The JAX Network has built its own rewards system that reward miners according to the hash power they contribute to the network. A miner just need to contribute an 100 units of hash power to bring out JAX coins. This feature will only be available on the shards part of the JAX blockchain protocol and it will be the main feature that will keep the worth of JAX coin stable.
These coins are mined when they're needed only and the cost of mining them is connected to hash rate value of Bitcoin and this set a lower limit below the coins that can't be sold and we know that the aim of a miner is to make profits and with this in mind, they will follow the law of supply and demand in order to increase their profits margin. When the price of the coin sooth up, miners will increase their hashrate to mine more coins thereby meeting the demands for the coin.
The value of the coin is measured in the units of hash power and not by fiat. This new method of measuring value ensures a transactional coin to be connected to its data inhetrst in its decentralised network which is called the cost of computing power needed to mine a unit of Bitcoin. This make the stablecoin of this project to be far better than most stablecoin currently in the industry and makes it to retain its decentralised feature and it doesn't require to be pegged against centralized currency in order to maintain its stability.
JAX NETWORK Token
JAX coins are coins which are mined on the sharding of JAX blockchain. This is a method which ensures high scalability of JAX Network blockchain thereby supporting unlimited number of transactions per second. This coin which is stablecoin will be used mainly for day to day transactions and payments due to its stability.
JAX coins can only be created by burning the basic block of Bitcoin and JAXNET coins rewards. This will control the rate at which JAX coins are issued so that they can be issued if and only if there is transactional demand for them.
Read More Here:
Website: https://jax.network/
Telegram: https://t.me/jax_network
Twitter: https://twitter.com/CommunityJax
Light paper: https://jax.network/wp-content/uploads/2021/06/Jax.Network-Lightpaper.pdf
Ownership
Forum Username: Tybi
Forum Account link: https://bitcointalk.org/index.php?action=profile;u=3328823
Telegram Username: @Tybi61
Your BEP-20 Wallet Address: 0x2C1dD6Ba14678AC82A81B25C5A53Dbef4A6d16Cd