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Jax.Network vs. Square: What’s the better choice for a payment processor?

Jax.Network. Discover how the Tron problem relates to your choice of the right payment processor for your crypto assets.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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Jax.Network vs. Square: What’s the better choice for a payment processor?

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  1. Jax.Network vs. Square: What’s the better choice for a payment processor? The future of crypto is in power to use these assets for day-to-day transactions. “All these blockchains that tried to scale and are scaling now because there’s not a lot of adoption happening. Right? The moment a lot of adoption happens, they will lose sync like this Tron problem,” Vinod Manoharan, Jax.Network’s CEO and founder, said. 30 pt What’s the diference between JaxNet and Square? • The aim of Jax.Network is to make its cryptocurrency a global payment solution due to stability, security, and decentralization at its core. Square is a solution that provides people with the technology tools they need to sell products and services online and offline. One of the solutions that Square provides is a payment processing solution, Cash App, which helps people to buy and sell Bitcoin. The Jax.Network ecosystem, on the other hand, has a stablecoin called JAX. The JaxNet protocol relies on merged mining and Proof-of-Work to ensure a decentralized network. The payment solution of Square is more centralized and controlled compared to the Jax.Network’s decentralized approach. Jax.Network has positioned the electronic cash ecosystem for high scalability. • • • • • • Jax.Network Square Yes Yes Secure Transactions Yes No Decentralized Payment Yes (JAX and JXN coins) Yes (Bitcoin) Crypto Activated Yes No High Scalability Yes No Proof-of-Work How is Jax.Network better positioned for scaling up? • Jax.Network adopts merged mining which enables higher scalability than other blockchain-based payment processors. Sharding combined with merged mining ensures that transactions and adoptions can go on at a high rate without the possibility of the nodes losing sync. • • Jax.Network does not have the problem of validators taking polls, which unfortunately results in an inability to check the state of the blockchain. In the situation where there are node validators, only nodes understood by the validators will remain, while the blockchain itself will lose its decentralization strength. On Jax.Network, you can carry out, theoretically (the network is now in the TestNet phase) an unlimited number of transactions on a decentralized channel. Since it is anchored to the Bitcoin blockchain, your transactions are secure. • • Takeaways • The adoption of cryptocurrencies for day-to-day transactions is the next step in blockchain advancement. Without the right payment network architecture, it would result in the loss of decentralization and security. Jax.Network is in the best position to facilitate mass adoption with its scalability proposition. • • Are you ready to join the Jax.Network? Join Now jax.network

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