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What is the JaxNet protocol

Jax.Network. Learn how this novel blockchain design solves the problem of scalability leveraging merged mining and sharding. <br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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What is the JaxNet protocol

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  1. What is the JaxNet Protocol and the Concepts of Merged Mining & Sharding The global economy needs a currency that is decentralized and built on a scalable blockchain network. The JaxNet protocol comes as the solution to the scalability problems hindering the mass adoption of cryptos. This novel blockchain design solves the problem by leveraging merged mining and sharding. The JaxNet Protocol The JaxNet protocol is a scalable blockchain system whose Proof-of-Work consensus mechanism builds on sharding and merged-mining solutions. The JaxNet protocol satisfes four signifcantto solve criteria in the blockchain space, including: • Decentralization • Scalability • Security, and • Stability The JaxNet protocol architecture, sharding & merged mining SECURE SCALABLE DECENTRALIZED JaxNet is based on the Proof-of-Work protocol, specifcally built as the solution to the scalability trilemma in blockchain networks. It can achieve more scalability by leveraging the concept of sharding. Jax.Network shards are secured from take-over attacks due to the process of merged mining. Sharding in the JaxNet protocol The sharding concept deployed in the JaxNet ecosystem helps the blockchain nodes to bypass most of the storage and network trafc requirements. Sharding also helps to remove the bottlenecks of block propagation delay. These features all contribute to improving the scalability and decentralization of the JaxNet protocol. • • • Sharding in the JaxNet protocol • The sharding concept deployed in the JaxNet ecosystem helps the blockchain nodes to bypass most of the storage and network trafc requirements. Sharding also helps to remove the bottlenecks of block propagation delay. These features all contribute to improving the scalability and decentralization of the JaxNet protocol. • • Mass Adoption With its revolutionary approach to the problems of blockchain technology, the JaxNet protocol can lead to the mass adoption of blockchain. By creating a unique blockchain-based digital payment ecosystem and leveraging the concepts of merged mining and sharding, Jax.Network is undoubtedly heading in the right direction. Are you ready to join the Jax.Network? Join Now jax.network

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