Bitcoin 2.0: BTC Merge-mined Scalable Stablecoin

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.

Our Solution

by Jax.Network

Two Coins

by Jax.Network

Key Advisors

Dr. W. Scott
Stornetta

ADVISOR

Dr. Stornetta is considered by many to be the co-inventor of the blockchain. His pioneering series of papers helped lay the foundation for Bitcoin and other digital currencies. Dr. Stornetta received his Ph.D. in physics from Stanford University, after attending MIT, Harvard, and Brigham Young University. Now, he is a partner and Chief Scientist at Yugen Partners, an early-stage private equity firm investing in companies leveraging blockchain technology. As an advisor to Jax.Network, he provides valuable feedback on the development of our company and products.

DR. ABDELHAKIM
SENHAJI HAFID

ADVISOR

Dr. Hafid is a Full Professor at the University of Montreal and the founding director of Network Research Lab and Montreal Blockchain Lab. A seasoned blockchain and DLT specialist, he has lent his support in developing the Jax.Network protocol and given it his seal of approval.

TONY G
ANTANAS GUOGA

ADVISOR

Tony G is a well-known investor, businessman, and former Member of the European Parliament. His diverse accomplishments include being named as one of the most influential Europeans in 2016 by Politico Magazine’s. Guoga is also the CEO of Cypherpunk Holdings, a company that invests in technologies and cryptocurrencies focused on privacy, and the founder of Cryptonews.com, a popular online news media outlet. As an experienced businessman and politician, he helps us to integrate the necessary welfare principles into the Jax.Network ecosystem through different forms, including tax and regulatory compliance.

Hugh Alexander
Simpson

ADVISOR

Hugh is the CEO at Liquid (LQD) Technology, a global IT outsourcing company, and Managing Director at Oggin, a diversified private advisory and investment company focused on emerging technology. As a former start-up founder, consultant at EY and VC-backed management team, Hugh has extensive experience in building and scaling technology businesses globally.

Partners, Backers & Vendors

CORE TEAM

VINOD
MANOHARAN

FOUNDER

Vinod Manoharan is an Indian tech entrepreneur and since 2013 has founded a number of licensed gaming companies in India with $10M+ yearly revenues. In 2018, Manoharan moved to Ukraine and founded Jax.Network to solve the infamous Blockchain Scalability Trilemma and bring forth a decentralized, secure and scalable stable coin.

IURII
SHYSHATSKYI

Chief Scientist

Iurii Shyshatskyi previously worked for Samsung R&D Institute, after attending Northwestern University, USA. Iurii Shyshatskyi also has a Master’s Degree in Mathematics from the Taras Shevchenko National University, Kyiv. He is responsible for Jax.Network’s software architecture,and documentation, as well as being a major contributor to the Jax.Network white paper.

TARAS
EMELYANENKO

CTO

Tech guru and strong proponent of P2P technologies, with over 15 years of experience in software development, Taras Emelyanenko had previously worked in Bitcoinstore, Loyyal, and IOHK (Cardano). Taras Emelyanenko also regularly contributed to the Localbitcoin, Blockchain.info, Bitcoin.com (mining pool and wallet) projects. He is also a frequent speaker at blockchain and fintech conferences, where his deep knowledge of the topic is highly sought after.

LUCAS
LEGER

Chief Economist

A Ph.D. candidate at Le CNAM-PARIS in cryptoeconomics, Lucas Leger worked on applying microeconomic analysis to blockchain-based networks. He has worked extensively on data privacy and data ownership. Leger is looking to bring his vast knowledge regarding cryptoeconomics to improve the Jax.Network protocol.

KEY ASPECTS

Secure

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.

Scalable

Jax.Network sharding solution allows for a virtually unlimited amount of transactions per second, rivaling that of centralized payment systems like Visa or Mastercard while remaining totally secure and decentralized.

Decentralized

Based on Proof-of-Work, Jax.Network employs an equitable merged mining solution and is not subject to general concerns of centralization.

Secure

Scalable

Decentralized

TECHNOLOGY

A novel approach for solving the blockchain scalability problem

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.

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.

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.

Decentralized Transfer Ecosystem

In Jax.Network, a robust transfer ecosystem following a decentralized exchange protocol facilitates cross-shard transactions.

Coins

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.

JXN coin

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.

OUR ROADMAP

Q3 2018

Conceptualization of the protocol and start of research

Q2 2020

Release of Academic paper

Q2 2021

Launch of TestNet

Q3 2021

Exchange of ERC20 to native JAXNET coins

Q4 2021

Launch of Mining Pool and Exchange Hub
Begin R&D on Layer-2 DAO consensus mechanisms

Q1 2022

Launch of Latin-American soft-pegged-to-FIAT stablecoin
Launch of liquidity (JAX) and collateral (JXN) staking services

Q2 2022

Layer-2 smart contract support
Launch of African soft-pegged-to-FIAT stablecoin

Q3 2022

Launch of Layer-2 Decentralized Payment Protocol
Release of Layer-2 DAO templates

Q4 2022

Launch of JAXCorp PoE (Proof-of-Equity) DAO
Launch of green mining initiatives

Q1 2020

Finalization of Jax.Network v1.0; Start of Development of Proof of Concept

Q4 2020

Release of Proof of Concept
Raising investments

Q3 2021

Token sale
Launch of MainNet

Q4 2021

Listing on Tier-2 Exchanges
Launch of Indian-Rupee stablecoin

Q1 2022

Stablecoin market-making
Begin R&D on Layer-2 instant-finality payment protocol

Q1 2022

Milestone: 10,000 JAX Monthly Active Users

Q2 2022

Release of Decentralized Money API + Developer SDK
Listing on Tier-1 Exchanges

Q3 2022

Issuance of ecosystem development grants

Q4 2022

Milestone: 5,000,000 JAX Monthly Active Users

Q3 2018

Conceptualization of the protocol and start of research

Q1 2020

Finalization of Jax.Network v1.0; Start of Development of Proof of Concept

Q2 2020

Release of Academic paper

Q4 2020

Release of Proof of Concept
Raising investments

Q2 2021

Launch of TestNet

Q3 2021

Token sale
Launch of MainNet

Q3 2021

Exchange of ERC20 to native JAXNET coins

Q4 2021

Listing on Tier-2 Exchanges
Launch of Indian-Rupee stablecoin

Q4 2021

Launch of Mining Pool and Exchange Hub
Begin R&D on Layer-2 DAO consensus mechanisms

Q1 2022

Stablecoin market-making
Begin R&D on Layer-2 instant-finality payment protocol

Q1 2022

Launch of Latin-American soft-pegged-to-FIAT stablecoin
Launch of liquidity (JAX) and collateral (JXN) staking services

Q1 2022

Milestone: 10,000 JAX Monthly Active Users

Q2 2022

Layer-2 smart contract support
Launch of African soft-pegged-to-FIAT stablecoin

Q2 2022

Release of Decentralized Money API + Developer SDK
Listing on Tier-1 Exchanges

Q3 2022

Launch of Layer-2 Decentralized Payment Protocol
Release of Layer-2 DAO templates

Q3 2022

Issuance of ecosystem development grants

Q4 2022

Launch of JAXCorp PoE (Proof-of-Equity) DAO
Launch of green mining initiatives

Q4 2022

Milestone: 5,000,000 JAX Monthly Active Users

Bitcoin 2.0: BTC Merge-mined Scalable Stablecoin

Token sale coming soon! Starting on August 4, 2021

Сookies

Token sale coming soon!
Starting on August 4, 2021