Review Jax.network

in #hot3 years ago

image.png

Introduce :

Each of us, when we want to invest or spend a large amount of money on something, we have high demands on its final results and quality. And for a great result, the management must be extremely tight and always under our control. If you are an electronic market person or your work is related to the electronic market, I am sure that you are well aware of Blockchain transparency and clarity.

What is JAX Network?


Jax Network is the first sharded PoW network that introduces a novel approach for solving the scalability problem in blockchain networks based on a specific reward function, sharding, merged mining, and a decentralized value transfer ecosystem.

  • JAX Network is a blockchain project that developed a protocol which is secure, scalable decentralized, and houses its own stable coin. This project aims to create a truly global cryptocurrency that is suitable for mass adoption and day-to-day use. JAX Net Blockchain network issues the world's first decentralized and scalable stable coin JAX.



Benefits of JAX Network Blockchain

By anchoring the JAX blockchain to Bitcoin can bring much-needed stability and scalability to the Bitcoin ecosystem. Many miners of the Bitcoin blockchain were looking for a solution that would give them a less volatile source of revenue as well as something that would improve the practicality of the Bitcoin ecosystem. Improving the Bitcoin ecosystem will ensure a steady increase in revenue for miners.

  • Providing everyone with a decentralized currency that is stable in value and also scalable to handle a large number of transactions at any given time, exactly what it takes for money electronics become mainstream. People will want to transact in JAX coins because of nominal network fees, fast payments, privacy, and no third-party interference.

JAX coins will bring the DeFi ecosystem to Bitcoin as an alternative stablecoin to hedge your risk, pay interest or for lending and borrowing operations, and more.

image.png

Utility of JAXNET Coins

  1. To pay for the security of the JAX Network by incentivizing Bitcoin miners to merge my JAX Network.

2. Used as gas fee for exchange agent listing transactions and other important transactions.

3. To incentivize miners to protect the beacon chain holding a shard register.

4. Acts as a secondary savings account for the Bitcoin Network.

5. To incentivize miners to protect the Bitcoin Network when the BTC reward drops to 0.

6. To reflect the value of JAX Network's global transactional payment ecosystem.

7. JAX Coins are coins mined on the shard chains of the JAX Network Blockchain. Sharding is the mechanism that allows the JAX Network blockchain to scale and support a virtually limitless number of transactions at any given time. The JAX coin will be mainly used for day-to-day transactions and can handle mass adoption due to the scalability of the network.

8. JAX coins can only be generated by burning Bitcoin and JAXNET coin base block rewards. This will control the issuance rate of JAX coins so that we

image.png

JAX Coin reward function

The JAX network has developed its own reward function that compensates miners in proportion to the hashing power they contribute to the network. Just 100 units of hash power will yield JAX coins and so on. This function exists only on shard chains of the JAX Network blockchain and is a key factor in maintaining the stable value of JAX coin.


Roadmap

image.png


TEAM

image.png

Conclude :

The Jax.Network sharding solution enables virtually unlimited transactions per second, comparable to centralized payment systems like Visa or Mastercard while remaining completely secure and decentralized.

This is a potential project. I strongly believe in it.



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

Author
Bitcointalk username: acsalles
Bitcointalk peofile: https://bitcointalk.org/index.php?action=profile;u=177144
Bep-20 wallet address: 0x9b056EFF34cF850BC7B20a54f52Bdc09C4Fe5A7E

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70557.88
ETH 3560.83
USDT 1.00
SBD 4.75