JaxCorp Set to Release Own Blockchain Platform Jax.Network
Kiev, Ukraine – JaxCorp, the company known for building products using blockchain technology and with a vision to ‘Organize the MultiVerse’, has announced that it is close to releasing its core product – Jax.Network, a blockchain platform. The company also has plans for building payment and organizational products on top of Jax.Network
“We are delighted to announce that we will soon be making available our unique blockchain platform Jax.Network,” says Vinod Manoharan, founder of JaxCorp. “We are building a scalable blockchain platform designed to change the way in which internet users and societies can organize themselves. Our blockchain platform comes with its own inbuilt currency and offers the highest level of scalability.”
The advanced blockchain platform follows a decentralized Proof of GPU Work algorithm according to the developers. It can resolve the hassling issue of blockchain scaling and is designed to scale effortlessly.
The platform is amongst the most secure in the blockchain space with a built-in value transfer ecosystem and an open-source mining pool to provide hash power to secure the chains. The system can handle and process millions of transactions per second thus allowing micropayments.
The built-in currency of JaxNet is JACS. It’s divisible up to units of one picoJacs. The cryptocurrency’s value is controlled by the free market and driven by demand and supply. In order to provide stability of value, a pricing unit called JAX is introduced. The exchange rate of JAX for JACS is decided by the market.
Speed is another key feature of this blockchain system. Payments can be made with finality within 10 to 15 seconds for most transactions. Merchants have the option of choosing the finality setting that they are comfortable to work with, in order to manage the double-spend risk.
According to the company, those who wish to create value on the platform can sign up to become a miner or a transfer agent on the Jax.Network mining pool after its launch.
For more information, visit www.jax.network
About JaxCorp:
JaxCorp is a company committed to building products using blockchain technology. The vision of the company is to organize the multiverse and make the process of cryptocurrency transactions easy and hassle-free. JaxCorp wants to become a game-changer in the blockchain technology niche by providing users a platform that’s completely secure, fully decentralized and highly scalable.
Media Contact
Company Name: JaxCorp
Contact Person: Alina Karas
Email: Send Email
Phone: +380 68 838 83 81
Address:Office No.5, 2nd floor, 33/34, Bohdan Khmelnytsky St.
City: Kiev
State: Kyiv
Country: Ukraine
Website: www.jaxcorp.org
