JaxCoin vs Lumens

1. Comparing the trading ecosystems of JAX and Stellar Lumens Cryptocurrencies are considered the future of worldwide online trading, but most cryptocurrencies have not made a reputable name. However, new cryptocurrencies like JAX (JAX) and Stellar Lumens (XLM) ensure more usability and feasibility for their users. They have distinctive features on more efective blockchain networks to support their working mechanism. Comparative Analysis of Fundamental Characteristics of BTC, XLM, and JAX Stellar (XLM) JAX (JAX) Soon Launch 2014 According to demand Maximum supply 50 Billion Rivaling to Visa and MasterCard Transactions/sec 1000 Decentralized Yes Yes Exchanges, Peer-to-Peer Exchanges, ATMs, Peer-to-Peer, DeFi Usability Value Highly volatile Stable in value Modifed Proof-of-Work Consensus Mechanism Not Mined TBD Fee per transaction 0.00001 lumen Transactions Cross-border Cross-border Decentralized and secure blockchains Stellar Lumens is a digital currency that is more focused on helping individuals rather than organizations. By providing a decentralized peer-to-peer framework, Stellar makes transactions quick and hassle-free. Transactions through banks and other traditional centralized institutions are expensive and relatively time-consuming. Using Lumens on the Stellar blockchain network ensures a more efcient transaction gateway. Lumens acts as a bridge between other currencies over transactions. Moreover, it is cheap, costing a mere 0.00001 XLM per transaction, completed within 3-5 seconds. Lumens also make money more fuid and, thus, more feasible for use in fnancial institutions. It provides swap and converts diferent currency pairs, allowing a more straightforward way of transactions between relatively uncommon cryptocurrencies. On the other hand, Jax.Network ofers a new and advanced mechanism for the functioning of Decentralized Finance applications. It focuses on solving the issue of scalability by minimizing the involvement of a middleman. Jax.Network is powered by Proof-of-Work, one of the most secure and decentralized consensus mechanisms for blockchain projects. JAX coin – World’s frst scalable stablecoin The Jax.Network team was primarily focused on building scalable blockchain with a native stablecoin, as they believed such a network is non-existent in the highly competitive crypto market. Therefore, the primary goal of the Jax.Network blockchain was to design such a coin. On the crypto market, stablecoins hold a signifcant position, especially given the DeFi boom when their demand skyrocketed. Stablecoins ofer more price stability on the market. Hence, users can protect themselves from the volatility of the crypto market. JAX will always have a stable value with no impact on infation. It will also ofer a virtually unlimited number of transactions per second with minimal charges. Aside from these characteristics, the main feature of JAX is that its stability is market-driven. Therefore it does not need any peg or collateral to retain its purchasing power. The goal of Jax.Network is to build a viable payment system that is more suitable for users and businesses. It will help enterprises exchange fat for cryptocurrencies easily and, thus, provide a cheaper and faster payment method. Moreover, the payment processor can compete with payment giants like Visa and MasterCard due to its fast transaction speed, enhanced security, and highly decentralized nature. It can be adopted by a lot of people in the public sector and utilized in several spheres. In competitive markets, buyers and sellers have a diminished appetite for risk, which drives an increased appetite for creative risk transfer and deal-facilitation solutions such as those enabled by Jax.Network. These concepts are signifcant developments in the global fnancial structure. By being the world’s frst scalable and no-peg stablecoin, JAX has genuinely made the best possible use of technological advancements. However, users need to perceive these approaches with an open mind and observe how they perform on the market. Conclusion The comparison of JAX and Stellar Lumens shows that while they share standard features, they also have diferences at some points. People can use them both to swap diferent currency pairs or liquify assets. However, JAX is a stablecoin, so its price will not change at any point in time. However, XLM can vary in value based on the trends of the crypto market. Therefore, JAX edges out XLM to be a comparatively better and realistically more scalable solution. The native token of Jax.Network provides more security to users and potentially nullifes the risks of encountering any signifcant losses caused by volatility. Are you ready to join the Jax.Network? Join Now jax.network