Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
Business runs on information. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end-to-end, giving you greater confidence, as well as new efficiencies and opportunities.
ABOUT JAX NETWORK
Jax.Network is anchored to the BTC blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins. We aim at making these coins a universal standard for the quantification of economic value.
Jax.Network is anchored to the Bitcoin blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution. Jax.Network uses a specific merge-mining technique. It allows miners to mine multiple shards simultaneously without splitting their hash rate and get rewards proportional to their effort. Being an open-source project, the JaxNet protocol can be used by anyone to build new projects on top of it and contribute to the development of the ecosystem.
Key Aspect of JAX Network
- Secure — JaxNet protocol is directly anchored to the Bitcoin ecosystem through its merged-mining algorithm 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, competing with 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.
Features of JAX Network
- Sharding — Jax Network uses pure state sharding. It means that accounts, transactions, and validators are distributed between shards so that verification of a certain transaction doesn’t require any knowledge of the preceding transaction history in other shards.
- Merged Mining — JaxNet protocol is based on the merged mining technique to secure shards from shard-over attacks. Its mining reward system is flexible and balanced. Hence, every participant is rewarded proportionally for his effort in maintaining the network.
- Decentralized Transfer Ecosystem — In Jax Network, a robust transfer ecosystem following a decentralized exchange protocol facilitates cross-shard transactions.
- Universal Reward Function — Jax Network block reward is based on PoW difficulty and hence the expected value of each JAX coin is mathematically equal across the Universe.
PARTNERS, BACKERS & VENDORS
CORE TEAM
NEWS
Jax.network at Bitcoin 2021
Certainly, Bitcoin 2021 made a lot of noise in the media but most importantly it gave an opportunity to the crypto community to finally get back together. We were happy to talk to many people from different fields of blockchain and cryptocurrency space, exchange business cards, and spend some quality time together.
Jax.Network plans to attend many more such conferences within the near future. Community is the most important thing for any blockchain project and so it is our goal, not only to bring about the next great solution to crypto mass adoption but also to meet and converse with the community and see what their needs are. We hope to see many of our supporters and community members in the upcoming events!
Website: https://jax.network/
Litepaper: https://jax.network/wp-content/uploads/2021/06/Jax.Network-Lightpaper.pdf
Telegram: https://t.me/jax_chat
Twitter : https://twitter.com/CommunityJax
Linkedin: https://www.linkedin.com/company/jax-network/
Facebook: https://www.facebook.com/network.jax/
Author:
Forum Username: GetThaaShi3i
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3199214