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Merge-mine Jax.Network for a higher ROI

Jax.Network. Learn how JAX and JXN are mined, the Jax.Network blockchain reward system and minting and mining mechanisms involved.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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Merge-mine Jax.Network for a higher ROI

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  1. Merge-mine Jax.Network for a higher ROI jax.network

  2. The Jax.Network blockchain is a unique blockchain solution governed by two native digital crypto coins, JAX and JAXNET (JXN). The two coins offer different utilities, but they work together to ensure that the Jax.Network blockchain operates accordingly and functions appropriately. When solving the inherent scalability and stability issues faced by blockchain projects, Jax.Network used a rather unconventional approach that involves using two digital coins governing the network. jax.network

  3. The Jax.Network blockchain reward system The Jax.Network platform employs a unique reward system that ensures optimum balance within the network. The reward system is designed to allocate the coins by considering the overall amount of computing power contributed by miners to the Jax.Network platform. The JAX coin reward function operates only on the shard chains, where JAX coins are mined, and it is the main reason that keeps the JAX coin’s value pegged to the cost of hashrate and thus relatively stable. jax.network

  4. Three different chains, three different coins • Miners on the Jax.Network platforms can mine three different chains, thanks to an innovative approach to minting and mining known as merge-mining used in Jax.Network. • Miners can choose to mine Jax.Network shard chains to get JAX coins, Jax.Network beacon chains to get JXN coins and the Bitcoin blockchain to earn Bitcoins. • The Jax.Network distributed ledger is anchored to the Bitcoin blockchain to provide better security to the platform. jax.network

  5. Mining Mechanism on the Jax.Network platform • The Jax.Network blockchain employs a unique mining mechanism known as merge-mining, allowing miners to mine from three different chains. • The merge-mining mechanism is introduced to offer security to the blockchain network. • Whenever sharding is involved, there’s always a risk of splitting the network several times, making it challenging to maintain high-security standards on each shard chain. jax.network

  6. Merkle-mining tree optimizes the encoding • Jax.Network developed its proprietary merge-mining tree to ensure the network shards are secure from take-over attacks while improving the data structure’s efficiency for all nodes. • The Jax.Network distributed ledger is firmly against any form of centralization. Therefore, the network employs a clever Merkle tree that optimizes encoding data within the blockchain. jax.network

  7. Recap • Jax.Network is a unique distributed blockchain network that employs an unconventional approach to cryptocurrencies. To learn more about Jax.Network, visit their Telegram group or Twitter. Testnet will be launched soon, where miners can earn additional rewards. • Its unique approach solves the popular Scalability Trilemma facing other blockchain platforms like Ethereum and Bitcoin by using its two native digital tokens. • The blockchain network offers maximum security, efficiency, and reliability, without compromising decentralization. jax.network

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

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