Friday, December 8, 2023

JAX Network Exhibited the AIBC Summit 2022 Event Held in Dubai

The technology infrastructure for a decentralized energy-standard monetary system is provided by Jax.Network. The blockchain is connected to the Bitcoin network and produces the JAX and JXN virtual money. JXN is indeed an asset coin that represents the worth of the entire network, whereas JAX is a stable coin pegged to the energy used in mining.

Recently, the company was present at the AIBC Summit Event held in Dubai. The event is considered one of the most influential and prominent events held in the field of crypto and blockchain.



Each stable coin is produced by is proportional to the energy used mining that particular coin, creating a new means of evaluating value. Stablecoins may therefore only be produced if there is a need for them.


Because of its merge-mining method, the protocol is inextricably linked to the Bitcoin ecosystem. As a result, it offers the same level of protection as the Bitcoin network.


Jax. network sharding solution enables for an almost infinite number of transactions per second, rivaling centralized payment systems such as Visa or Mastercard, whilst also remaining completely secure and decentralized.

Decentralized utilises an equitable merge-mining solution based on Proof-of-Work and thus is not subject to the general concerns about centralization.

Two Coins, One Blockchain

The JAX coin

The cryptocurrency was built on top of Jax.

The term for network shard chains is JAX (JAX). It is a monetary unit based on the cost of energy as well as computing power which could be used as a stable payment option for day-to-day exchanges.

The JXN coin

The cryptocurrency is authorized on top of our Jax’s beacon chain.

JAXNET is the name of the blockchain network (JXN). It has a set reward per block that can be used for speculation as well as a value store.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

Most Popular