As above title. JAX.NETWORK is a project that today I want to introduce to you in this article
About Jax.Network
I will introduce you to this project right now. Project Jax.Network is anchored to the BTC blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins. We aim to make these coins the common standard by which economic value is quantified. Safety With a robust mining and value transfer ecosystem and universal rewards functionality that incentivizes network security, the JAX.Network protocol can boast the same level of security as Bitcoin or Ethereum.
Coins of JAX.NETWORK
In this project, they created 2 coins to serve this project. Those are 2 very potential coins including: JAX coin and JXN Coin
JAX : The cryptocurrency created on top of the Jax.Network shard chain is called JAX (JAX). It is a unit of economic value based on the cost of computing power that can be used as a stable payment method for daily transactions.
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JXN : The cryptocurrency issued on 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.
Objectives of the project
In the Jax.Network project, the team focused on making it more economic and quantifying the JAX coin as a common standard. In the future JAX coin will be a coin equivalent to BITCOIN . It will be called Bitcoin2.0
When introducing this project I would like to introduce to you the following part that I like the most
Important aspects of Jax.Network
The first aspect is certainty and security : Scure
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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.
The network is secured with a Proof of Work enforced by the miners of the Bitcoin network. Code wise, therefore their system is based on the well known and secure codebase used in the Bitcoin core. Check out their GitLab, to review our code.
Gitlabs link : https://gitlab.com/groups/jaxnet/-/activity
The second aspect is the issue of expansion : Scalable
This issue I am sure and make you 100% confident about the project is the Sharding Jax.Network solution. Jax.Network sharding solution allows for almost unlimited number of transactions per second, on par with a centralized payment system like Visa or Mastercard while remaining completely secure and decentralized.
The third aspect is: Decentralized
Based on Proof-of-Work, Jax.Network employs an equitable merged mining solution and is not subject to general concerns of centralization.
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We based Jax.Network on a universal reward function, sharding, an equitable merged mining solution and a decentralized value transfer ecosystem. 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. 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. 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. Decentralized Transfer Ecosystem In Jax.Network, a robust transfer ecosystem following a decentralized exchange protocol facilitates cross-shard transactions. One Blockchain,
Two Coins 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.
ADVISORS
These are their main advisors. People who have great achievements and are good at mentoring
CORE TEAM
They are all entrepreneurs, economic and technology experts. They will take this project to the next level
PARTNERS, BACKERS & VENDORS
Large partners and companies have cooperated with this project. This shows that this project is an extremely good project worth investing in this year
Conclusion
We all want economic growth. Making money passively around the clock that's what Jax.Network will give us. The network can provide you. As you can see, JXN serves a dual purpose as it serves as a speculative asset and it also aids in the settlement of network transaction execution. JXN is a great source of money because of this.
#JaxNetwork #Blockchain #Stablecoin
Main Address
Website: https://jax.network/
Light paper: https://jax.network/wp-content/uploads/2021/06/Jax.Network-Lightpaper.pdf
Telegram News Channel: https://t.me/jax_network
Telegram Group: https://t.me/jax_chat
Facebook: https://www.facebook.com/network.jax/
Twitter: https://twitter.com/CommunityJax
Linkedin: https://www.linkedin.com/company/jax-network/
Youtube: https://www.youtube.com/channel/UCGLFiBG4j-CzEs9TFTKk51g
Author
Forum Username: nguyenquyhieu
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1910074
Telegram Username: @anhbam3
Proof Of Authentication: https://bitcointalk.org/index.php?topic=5348924.msg57460009#msg57460009
BEP-20 Wallet Address:0x14e911B185837d992ed1f4192935B0757B799716