Jax.Network - Way for the Future

in #jax • 3 years ago

Blockchain is becoming a legitimate disruptor in a myriad of industries. The technology has become so promising that none other than tech giant IBM is investing more than $200 million in research. Further, more than 90% of European and US banks are researching blockchain options. The technology can revolutionize government, finance, insurance and personal identity security, among hundreds of other fields.
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Jax network is the project you’ve been waiting .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.

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JAX NETWORK FEATURES
Jax Network is a blockchain technology that is secure, stable, scalable, and decentralized. Jax Network uses a proof-of-work system which is a bit different compared to most of today's blockchain technologies. In this way, Jax Network can prevent the network from third-party intervention, such as government intervention, and give miners full rights to secure the network. But that's not all, there are several other features of Jax Network:

  • Sharding: A system that will distribute accounts, transactions, and validators between shards. In this way, it is possible to verify transactions without requiring knowledge of the preceding transaction history in other shards, which makes the verification process more efficient.

  • Universal Reward Function: Jax Network's reward system uses the PoW difficulty system, just like the Bitcoin network. In this way, it allows every miner to be able to participate in the network and get rewarded for their efforts.

  • Equitable Merged Mining: Jax Network designed shards to be attack-free with a merged mining technique. In addition to securing the network, this technique allows a fair and flexible distribution of rewards, all participants will be rewarded fairly according to their efforts.

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JAX and JXN Coins
Jax Network has introduced JAX and JXN currency, two cryptocurrencies that will serve a variety of purposes in the ecosystem. It will be used for day-to-day payments. For the Jax Network ecosystem, JXN is a store of value that will be used to pay security fees and exchange fees and to provide incentives to miners, among other things. These two coins will be used to fund the Jax Network's development and operation.

Jax Network Roadmap

  • Q3 2018
    Conceptualization of the protocol and start of research
  • Q2 2020
    Release of Academic paper
  • Q2 2021
    Launch of TestNet
  • Q3 2021
    Exchange of ERC20 to native JAXNET coins
  • Q4 2021
    Launch of Mining Pool and Exchange Hub
    Begin R&D on Layer-2 DAO consensus mechanisms
    And MORE

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
Linkedin: https://www.linkedin.com/company/jax-network/
Youtube: https://www.youtube.com/channel/UCGLFiBG4j-CzEs9TFTKk51g

Author:
Bitcointalk Username: comotchucho
BEP-20 Wallet Address : 0x0a1006c84f69cC7ad40420c734c1E8A2Bd5f784e

#jaxnetwork #token #blockchain
3 years ago in #jax by
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