Introduce

Hello everyone, in recent years, the economy has suffered a severe recession, especially the recent COVID-19 outbreak, which has seriously affected the economy, inflation occurred everywhere. This causes a lot of difficulties for investors and businesses. Realizing this, most investors have turned to the cryptocurrency market because of its stable nature regardless of inflation. That is why so many crypto projects were born. As someone who has many years of experience in the cryptocurrency field and also owns many different cryptocurrencies, today I will introduce to you a crypto project that I have been using for a while. recently. That project is 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. there goal is to establish JAX as a universal standard for the quantification of economic value.

KEY ASPECTS :

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.

TECHNOLOGY :

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.

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.

EQUITABLE MERGED MINING :

Our 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 to 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.

JAX coin :

The cryptocurrency created on top of Jax.Network shard chains is called JAX (JAX). It’s a unit of economic value based on the cost of computing power that can be used as a stable payment method for day-to-day transactions.

JXN coin :

The cryptocurrency issued on top of the beacon chain of our Jax.Network blockchain is called JAXNET (JXN). It has a fixed reward per block and can be used for speculative purposes and as a store of value.

How Jax.Network will stimulate the price of Bitcoin:

As Jax.Network brings scalability and stability to the Bitcoin network with the help of merge-mining, the demand for BTC will grow, as more people will start using our network for fast and secure transactions. And the price will inevitably go up in proportion to the adoption rate. Miners will be interested to support this increasing demand because our protocol provides great incentives for them in the form of transaction fees and block rewards. As you see, we have a win-win situation here. All thanks to the brilliant JaxNet protocol!.

CORE TEAM AND KEY ADVISORS :

PARTNERS :

NFORMATION
Website: https://jax.network/
[ANN] Jax.Network: https://bitcointalk.org/index.php?topic=5348285.msg57413656#msg57413656
Telegram: https://t.me/jax_network
Facebook: https://www.facebook.com/network.jax/
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: Networkchange
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2785643
BSC Wallet Address: 0x5009F046cf7b101031aF3c135d01a99bf5fF42f8