1 / 12

JAXNET coins vs JAX coins: What is the difference?

Jax.Network. Find out how Jax.Network's two native tokens can solve the trilemma without compromising on the primary principles of blockchain technology.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

JAXNetwork
Download Presentation

JAXNET coins vs JAX coins: What is the difference?

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. JXN & JAX: solving the scalability trilemma jax.network

  2. Blockchain projects have traditionally struggled with scalability, decentralization, and security, a phenomenon that Ethereum founder, Vitalik Buterin, calls the Blockchain Scalability Trilemma. Jax.Network is a blockchain solution designed in a unique way to solve this trilemma without compromising on the primary principles of blockchain technology. jax.network

  3. Jax.Network is a blockchain solution designed in a unique way to solve this trilemma without compromising on the primary principles of blockchain technology. A notable difference between the Jax.Network blockchain and other blockchain networks is that it has two native digital tokens - JAX and JXNET (JXN). jax.network

  4. A notable difference between the Jax.Network blockchain and other blockchain networks is that it has two native digital tokens - JAX and JXN. Jax.Network believes designing a protocol with two coins has fundamental scalability impacts that are not achievable within other blockchain networks to date. jax.network

  5. JAXNET (JXN) JXN is one of the native tokens of Jax.Network. JXN coins are mined on the network's beacon chain, which adds new parallel chains known as “Shards” to the blockchain. 20 JXN coins are available for mining on the Beacon chain, and it takes roughly 10 minutes to mine. jax.network

  6. JAXNET (JXN) Cryptocurrency users can buy and hold JXN, expecting the value to increase over time. JXN, just like Bitcoin, is perceived as a speculative digital asset that acts as a store of value rather than a digital currency for making daily transactions. jax.network

  7. JAX JAX coins have a stable value, making them an excellent cryptocurrency to handle daily transactions and payments. JAX does not need to be pegged to an underlying reserve of assets like other stablecoins. jax.network

  8. JAX Instead, JAX coins are issued following a strict economic rule of supply and demand. This is achieved by rewarding miners according to the amount of computing power they contribute to maintaining the Jax.Network blockchain. jax.network

  9. JAX Whenever there is a low demand for JAX, miners will automatically reduce their contribution to the network in response to low potential profits. Similarly, miners will commit more computing power to Jax.Network's shard chain whenever there's a surge in demand. jax.network

  10. The differences between JXN and JAX JAX coin is intended to be used as an online currency with fiat-like properties, while the JXN acts as a store of value. JXN coins JAX coins Unstable value that rises and falls according to demand Stable value Rewarded to miners for mining blocks on the shard Mined on the beacon chain Digital currency for speculation Digital currency for payment jax.network

  11. Conclusion • The Jax.Network blockchain is powered by two coins, JAX and JXN. However, there are fundamental differences between both cryptocurrencies. • JAX coin is designed to serve as a payment solution because of its relatively stable value, fast transaction time and asset security. • JXN, on the other hand, representing the actual value of the Jax.Network, will rise in value as more people adopt the Jax.Network. jax.network

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

More Related