A Scalable, Decentralized Stablecoin for DeFi

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 Philosophy
by Vinod Manoharan
Economics of Jax.Network
by Lucas Leger
Overview of JaxNet Protocol
by Iurii Shyshiatskyi
Key Advisors
Viktoriya
Nechyporuk
ADVISOR
Viktoriya Nechyporuk has led the Microsoft marketing team in cross-subsidiary marketing strategy implementation and orchestration of global marketing campaigns. For her exceptional contribution and achievements in marketing, she received the Gold Star Award in the Worldwide Microsoft Circle of Excellence Program. Most recently Nechyporuk had worked as the product marketing director for the blockchain unicorn, Bitfury. As a seasoned marketer, she supports Jax.Network in creating project awareness and enables our rapid rate of growth.
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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.
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JAGDISH
TADASAD
Advisor
Senior Partner at AMJT & Co, Consulting CFO, Policy & Regulatory Affairs at Mobile Premier League
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Mr. KEY
Karnika E. Yashwant
ADVISOR
Mr. KEY is a blockchain marketing advisor for the Jax.Network project. His passion for blockchain technology and experience with ICOs has already brought amazing results to crypto-startups across the globe.
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PARTNERS & BACKERS
CORE TEAM
VINOD
MANOHARAN
FOUNDER AND CEO
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.
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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.
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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.
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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.
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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
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
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

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

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

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