1 / 10

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.

JAXNetwork
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

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

  2. The success of Bitcoin has primarily been due to its promise of a decentralized payment system. However, centralized systems negate everything that cryptocurrency represents. Crypto owners want more than just owning crypto assets. jax.network

  3. 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. jax.network

  4. The Tron problem started in January 2018. More problems began to arise when Chen, the former CTO, claimed that the coin was becoming more centralized with Proof-of-Stake. This problem could have been entirely averted by the right payment processor aiding the process with Proof-of-Work. jax.network

  5. What’s the difference between JaxNet and Square? Jax.Network is a blockchain project started in 2018. Jax.Network aims to make its cryptocurrency a global payment solution with stability, security, and decentralization at its core. jax.network

  6. What’s the difference between JaxNet and Square? The Jax.Network ecosystem has a stablecoin called JAX. The JaxNet protocol relies on merged mining and Proof-of-Work to ensure a decentralized network. jax.network

  7. What’s the difference between JaxNet and Square? Square is more centralized and controlled compared to the Jax.Network’s decentralized approach but Jax.Network has positioned the electronic cash ecosystem for high scalability. Jax.Network Square Secure Transactions Yes Yes Decentralized Payment Yes No Crypto Activated Yes (JAX and JXN coins) Yes (Bitcoin) High Scalability Yes No Proof-of-Work Yes No jax.network

  8. How is Jax.Network better positioned for scaling up? • 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. • 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. • • 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. Jax.Network does not have the problem of validators taking polls, which unfortunately results in an inability to check the state of the blockchain. • jax.network

  9. Conclusiont • 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. jax.network

  10. Are you ready to join Jax.Network? Join Now jax.network

More Related