The World's First Decentralised, Scalable And Secure Currency
JAX.Network blockchain is secure, decentralised and scalable, hence possessing all three aspects to solve the Blockchain Scalability Trilemma. Our goal is to establish "Jax" as a universal standard for quantification of economic value.
With a robust mining and value transfer ecosystem, and a universal reward function that encourages network security, the JAX.Network protocol can boast the same level of security as Bitcoin or Ethereum.
JAX.Network’s sharding solution allows an unlimited amount of transactions per second, rivaling that of centralized payment systems like Visa or Mastercard while remaining totally secure and decentralized.
Based on Proof of Work, JAX.Network blockchain is not subject to general concerns of centralisation.
JAX.Network introduces a novel approach for solving the scalability problem in blockchain networks based on a universal reward function, sharding, a democratic merged mining solution and a decentralised value transfer ecosystem.
Proof of Work (PoW)
We believe that Proof-of-Work offers a better trade-off for scaling than the one that Proof-of-Stake could.
JAX.Network’s design based on PoW includes a setting convenient for weak nodes, so that they can manage their workloads.
In JAX.Network sharding gives the opportunity to balance the mining node to optimize the amount of information that a single node should process and store.
This is a crucial solution for creating a scalable blockchain network.
The super-light client in JAX.Network reduces the volume of data required for synchronization to the blockchain.
JAX.Network incorporates the idea of FlyClient in its design.