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.
IMPORTANT FACTORS
Energy-based
Each stable coin is produced by Jax.network 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.
Secure
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.
Scalable
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
Jax.network 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.
