JAX Network — A Scalable, Decentralized Stablecoin for DeFi
OVERVIEW Cryptocurrencies are gaining much more popularity faster than expected. The crypto industry has significantly grown and expanded, however, it is recognized that the industry has two major problems, lack of stability and reduced throughput these currencies can offer. Because of this speculative nature, they are not been used for day-to-day transactions. Jax Network believes that if these two problems are addressed then blockchain-based cryptocurrencies can become a real contender against the world’s leading payment system. WHAT IS JAX NETWORK ? Jax Network is the first sharded PoW network that introduces a novel approach for solving the scalability problem in blockchain networks based on a specific reward function, sharding, merged mining, and a decentralized value transfer ecosystem. JAX Network is a blockchain project that developed a protocol which is secure, scalable decentralized, and houses its own stable coin. This project aims to create a truly global ...