JAX network A new approach to blockchain scalability problem
Coming to this article, I will continue to share with you the advantages of the Jaxnetwork project as well as the mission and measures they propose to improve the current blockchain problems?
What 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.
JAX network used A new approach to solve the problem of blockchain scalability:
We based Jax.Network on a universal reward function, sharding, an equitable merged mining solution and a decentralized value transfer ecosystem.
1.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.
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.
3.Decentralized Transfer Ecosystem
In Jax.Network, a robust transfer ecosystem following a decentralized exchange protocol facilitates cross-shard transactions.
4.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.
One Blockchain, Two Coins:
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.
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.
This is an article that details more about the measures that jaxnetwork proposes in the future, as well as the unique features of a blockchain for two coins. This is a very unique feature, perhaps even in this analysis of our You guys also understand better about the jax network project and investment direction in the future, right? , why not try to join me today to experience the great project and the powerful features it has for their users.
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BEP-20 Wallet Address : 0xe059adCbAE2f3C8aEc160053BF44277069d6A5cF
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