Introducing the big and stable world of JAX.Network

Bitcoin, blockchain, and other digital currencies are expanding every day and it is the feature of digital currencies that have made them successful and attracted a lot of people to it. In this digital world, there are large and important projects such as JAX.NETWORK that with their own features can add more features to this digital world, features such as price stability and security, or even eliminate problems such as reduced throughput currencies and lack of currencies stability. Yes, these problems can be solved by JAX.NETWORK and have many applications for users and miners.

What is JAX.NETWORK and where did its story begin?

JAX.NETWORK started in 2018. This project is also introduced as the first sharded PoW network, which can solve these two problems by having its own programs:

• lack of stability
• reduced throughput currencies

The project was also introduced to miners and users by creating two lucrative coins that provide valuable, scalable, yet high-security coins to miners and users. In the following article, we will review these two coins. But let's talk a little more about JAX.NETWORK.

You may also know that the value of a coin depends on the fiat currency, and you may have seen their dependence on your daily tokens. But JAX.Network allows miners to know the value of each mined block and identify it by hash value.

JAX.NETWORK blockchain-based protocol

Blockchain has been selected as the platform of the JAX.NETWORK, and by doing so, security, scalability, and the creation of a decentralized project can be experienced. With such features for JAX Network coins, it is expected that these coins will be well developed. Coins that create real global meaning for users and show them that they are a good choice for widespread and reliable use.

sharding solution and its result for JAX.Network

Using the sharding solution, we can experience an unlimited number of transactions in this network with very high speed and security in JAX.NETWORK, and at the same time feel the pleasant experience of security and decentralization.

JAXNET coins and JAX coins

These two tokens have taken their identity from the JAX.NETWORK networks and each of them has its own characteristics, which we will examine in the following.

JAXNET coins

Mining these tokens is very similar to extracting bitcoins. each block of JAXNET coin takes approximately 10 minutes to extract, but after extracting each block of JAXNET coin, miners are rewarded with 20 JAXNET coins. They are mined in JAX.NETWORK blockchain and beacon blockchain adding a new parallel chain to the network in an organized and timely manner. These coins are like an asset coin and will have a good position as a store of value, considering that they have the value of the whole network inside them.

JAX coins

These coins are introduced at a relatively fixed price and are used as shard chain coins for transactions. These coins are created only if there is a demand! This interesting feature makes JAX coins unique for users.
Also, the extraction of this coin is done by the merge-mining method, which can be used to control many transactions in the network. In another way, the coin's dependence on fiat currencies is eliminated. Imagine the price of JAX coins has increased! What do you think is the best thing to do?
At this time the miners increase their hash rate and minting more coins. This solution preserves the value of JAX coins well.

Conclusion

With such a secure and stable network and at the same time low cost, I suggest you do not miss JAX.NETWORK in this digital world. These features are just some of the hundreds of features of this project. I invite you to learn more about this project by going to the official JAX.NETWORK website and reading their roadmap.

More information at:

website: https://jax.network/
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This article was written and published by mr_ROBOTT

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