• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
JAX
Nexo

Building a Robust Blockchain Network With Blockchain Co-Inventor

Bitcoinist by Bitcoinist
11 months ago
in Industry
0
Advertisement

The Bitcoin whitepaper was released a little over ten years ago, and the technology contained within its pages has revolutionized the world since then. The blockchain space has outperformed every other industry since its debut, and it continues to build up a head of steam. The industry owes much of its success to the novel cryptocurrency – Bitcoin. Even though Bitcoin was decades ahead of any currency issued by traditional financial systems, there were debates on how to improve its performance.

Bitcoin forks have attempted to pick up the slack, but none have enjoyed nearly as much success as the novel cryptocurrency. The team at Jax.Network, with Dr. W. Scott Stornetta as an advisor, is bullish about its ambitions to achieve this goal.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

How is Jax.Network better?

Jax.Network is an open-source protocol tied to the Bitcoin network with the objective to build a universal standard for quantifying economic value. It has two native coins (JAX and JXN) serving specific functions – one is used as a speculative asset, while the other is a stablecoin.

Jax.Network employs a unique merge-mining approach. This technique allows users to mine multiple shards simultaneously, and it also rewards them in proportion to their contribution to the network. Its open-source nature means that third-party developers and teams can also build on top of its protocol contributing to the development of the entire ecosystem.

So far, the outlook for Jax.Network remains positive, and much of this is due to the relentless hard work and talent of the team, which consists of professionals in their respective fields. Not many projects have the co-founder of the blockchain on board; Jax.Network does. Dr. Stornetta joins the team as a project advisor.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Dr. W. Scott Stornetta

Dr. Stornetta has a physics Ph.D. from Stanford University and is an alumnus at Harvard, MIT, and Brigham Young University. He appeared three times in the Bitcoin whitepaper presented by Satoshi Nakamoto. These mentions were in reference to his work with Dr. Stuart Haber, where Dr. Stornetta first outlined the prospect of a blockchain that uses digital time-stamping to record transactions. This piece of literature went on to win the Discover Award for Computer Software in 1992 and was featured in the New York Times in 1995.

Dr. Stornetta is a supporter of the hashrate-pegged stablecoin innovation that Jax.Network has been developing. He joins the project as an advisor. His knowledge, experience, and perspective would be an advantage to any project, especially one that builds off the technology he pioneered. His presence will also add invaluable foresight to an early-stage project in a relatively young industry.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Prospect for the future

The scientific method starts with an observation and progresses through the stages of hypotheses testing until a conclusion is reached from the collected data. Dr. Stornetta’s record shows a meticulous dedication to these methods. So, one can only assume that he’s on board with Jax.Network because of the team’s brilliance and the project’s potential. All eyes are on Jax.Network now as we anticipate the delivery of its products. By all indications, it is going to be good!

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Here’s Why Everyone Needs To Know About QMALL’s New Partnership With Oleksandr Usyk

Here’s Why Everyone Needs To Know About QMALL’s New Partnership With Oleksandr Usyk

16 hours ago
How Snook’s BBT-Themed Rooms Will Put The Spotlight On NFT Community Building

How Snook’s BBT-Themed Rooms Will Put The Spotlight On NFT Community Building

17 hours ago
Cardalonia On A Mission To Become The Sandbox Of Cardano Ecosystem, Shares First Look Of Their Metaverse Map

Cardalonia On A Mission To Become The Sandbox Of Cardano Ecosystem, Shares First Look Of Their Metaverse Map

1 day ago
Learn Why Whales are Buying Battle Infinity before ETH Fork

Learn Why Whales are Buying Battle Infinity before ETH Fork

2 days ago
Bitcoin Price Breaking $25k Resistance Will Push These 3 New Cryptos to The Moon

Bitcoin Price Breaking $25k Resistance Will Push These 3 New Cryptos to The Moon

2 days ago
3 Reasons the Ethereum Price is Moving to $3k and New Cryptocurrency Battle infinity is Moving to $1

3 Reasons the Ethereum Price is Moving to $3k and New Cryptocurrency Battle infinity is Moving to $1

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.