• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
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
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • 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
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
How Next-Gen Blockchain Platform Jax.Network Solves the Scalability Trilemma

How Next-Gen Blockchain Platform Jax.Network Solves the Scalability Trilemma

Bitcoinist
by Bitcoinist
4 years ago
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The inception of crypto assets like Bitcoin, Ethereum, Litecoin, etc., brought blockchain technology to the attention of the public and the mainstream financial world for the first time. 

Since then, blockchain has been touted as the most transformative technology after the Internet. 

However, like the Internet, the early pioneers and products eventually became outdated. More scalable, developer-friendly tools were created that ultimately turned the ecosystem into what it is today. And while top cryptocurrencies like Bitcoin and Ethereum struggle with scaling, Jax.Network claims to have developed an innovative solution that aims to end the scalability problem in blockchain once and for all.

Jax.Network’s Innovative Sharding Solution Makes Scalability Possible 

Among the largest hurdles preventing leading blockchains like Ethereum from reaching mainstream adoption is their ultra low throughput – a transaction throughput of 7-10 transactions per second.

Experts have proposed various solutions such as sharding, yet there is no consensus on how this would be achieved, leading to a fractured development community and no consistent standards to address the issue.

Jax.Network, however, utilizes a sharding design that reduces storage and network requirements for nodes, eliminating any block propagation bottlenecks, while offering several additional advantages.

The team at Jax.Network believes that it is the missing link between cryptocurrencies and their mass adoption. 

Jax.Network is a blockchain platform that follows the JaxNet protocol and issues the scalable and decentralized stable “JAX” coin. The platform shared its full vision for the future at the recent Blockchain.UA conference, following their academic paper release in May 2020. 

The History Of Jax.Network, JAX, And What Lies Ahead 

Jax.Network’s early roots stemmed from its founder Vinod Manoharan’s interest in blockchain, which first began in 2017. The following year, Manoharan put together a team of top technical experts and engineers to solve the blockchain scalability “trilemma,” as it has been called.

JaxNet is the only protocol that combines Proof of Work consensus, a universal reward function, sharding, and merged mining to deliver a solution for scalability for the first time in the crypto industry. Merged mining in the JaxNet protocol is equitable and hence decentralized, since miners can select the subset of shards they want to mine and manage their computing workload capabilities accordingly and get rewarded proportional to the amount of hashpower they contribute to secure the network. 

As a business, Manoharan and the Jax.Network team aim to take on giants like Visa and Mastercard by bringing the utilisation of their blockchain network to end consumers in a user-friendly manner.

For now, Jax.Network remains in a proof-of-concept stage and is tracking along according to its roadmap. To achieve its commercial goals, the Jax.Network team plans to develop infrastructure first and eventually develop a mining pool, transfer hub, blockchain explorer & API, instant messenger, a wallet application, and more.

To get more detailed information about this project, you can visit the official website.

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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

Follow

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

Full Profile

Related Posts

New Derivatives Product from MEXC Combines Inclusive Trading and Earning Opportunities

New Derivatives Product from MEXC Combines Inclusive Trading and Earning Opportunities

1 week ago
MEXC Rolls Out Multi-Asset Margin Mode for Futures Trading Across 14 Tokens

MEXC Rolls Out Multi-Asset Margin Mode for Futures Trading Across 14 Tokens

2 weeks ago
How to Survive the Boring Breakthrough That Could Cost Banks Billions

How to Survive the Boring Breakthrough That Could Cost Banks Billions

2 weeks ago
Roger Ver on AI in Crypto and What It Means for His Altcoin Outlook

Roger Ver on AI in Crypto and What It Means for His Altcoin Outlook

2 weeks ago
Toobit Joins Solana APEX – Singapore as Titan Sponsor

Toobit Joins Solana APEX – Singapore as Titan Sponsor

3 weeks ago
crypto

Crypto Within Reach: Why a Local, Regulated Exchange Matters

3 weeks ago
Please login to join discussion

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    3 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    5 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    6 days ago
  • Snorter надхвърли $4 милиона след...

    7 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week 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

Categories

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

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 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
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 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.