DUBAI, UAE, Sept. 02, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain project to build an energy standardized monetary system, is pleased to enter its fifth year of development. In the four years of its existence, Jax.Network has managed to design and launch a number of unique products and services and does not plan to lose momentum.
Launched with a mission to solve the famous scalability trilemma, Jax.Network went above and beyond, building not only a truly scalable, decentralized and secure network, but a complete technological infrastructure for an energy standard monetary system. Additionally, it brings a stablecoin (JAX) to the Bitcoin ecosystem that improves its scalability and stability. To support this ecosystem, Jax.Network has developed a variety of products and services including but not limited to a DeFi platform, yield farming initiatives, and decentralized wallets.
The blockchain company plans to surprise the community with more ambitious releases in the coming years. For now, the Jax.Network team is focused on increasing the hashrate of their mining pool, which launched earlier this year. JaxPool is the first mining pool to offer negative fees for bitcoin mining.
“I am proud to be the founder of such an innovative company that will become a game changer in the global crypto and blockchain industry. We’ve spent more than three years researching and developing the protocol and key products, so even the bear market shouldn’t stop us from breaking into the top 100 coins by market cap,” commented Vinod Manoharan, founder of Jax.Network, the opportunity .
About Jax.Network
Jax.Network provides the technological infrastructure for a decentralized energy standard currency system. The Jax.Network blockchain is anchored on the Bitcoin network and issues two digital currencies, JAX and JXN. JAX is a stablecoin pegged to the energy expended on mining, while JXN is an asset coin that represents the value of the entire network. The Jax.Network team aims to make these coins a universal standard for quantifying economic value. Founded in 2018, the company brought together professionals from around the world to build a blockchain network based on the proof-of-work consensus mechanism and pure state sharding as a scaling solution.
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