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🔷Bitcoin 2.0: an energy-standard monetary system🔷 👥Chat: t.me/jax_chat 🌐Website: https://jax.network/ 📖Academic Paper: https://arxiv.org/pdf/2005.01865.pdf
Bear market is a perfect time to build up a long-term investment portfolio for the future bull run. Thus, it’s crucial to dedicate considerable time to researching and appraising projects that have the potential to increase in value enormously within the next couple of years. In this article, we would like to give basic recommendations for evaluating the tokenomics of any cryptocurrency project.
https://medium.com/jax-network/understanding-the-value-of-a-cryptocurrency-1180500e2491
In 2021, we saw miners rolling in cash, as the price of Bitcoin hit a new all-time high of nearly $69k. Nowadays, most of them are getting kicked out of the game due to surging electricity prices and a prolonged bear market. Is there still anyone alive?
https://medium.com/jax-network/is-it-profitable-to-mine-during-a-bear-market-406b8095bbec
After one of the largest crypto exchanges FTX halted withdrawals and declared bankruptcy, users started to look for safer places to store their cryptocurrency. Thus, a cold storage provider Trezor increased its sales by 300% and decentralized wallets welcomed tons of new users.
https://medium.com/jax-network/decentralized-wallets-which-one-to-choose-611966829ede
There is no doubt that blockchain technology is here to stay. From supply chain management and international trade to real estate, it has disrupted many areas of our everyday lives and continues to find newer applications. In this article, we have outlined some of the latest blockchain trends for community governance that help humanity to achieve its goals more efficiently.
https://medium.com/jax-network/blockchain-for-community-governance-618cff9ff726
Cryptocurrency mining is often associated with Bitcoin being mined by means of several video cards somewhere in a garage. However, crypto mining has evolved a lot over the years, with difficulty going up to the new all-time high of over 36 T, as large-scale players join the industry and encourage manufacturers to invent more efficient machines. Let’s find out what types of cryptocurrency mining are popular nowadays and which one is used for mining our network.
https://medium.com/jax-network/types-of-crypto-mining-c9180be0267d
Blockchain has made possible a wide variety of technological solutions that would be considered impossible even a few decades ago. Bitcoin has become a borderless digital payment method followed by USDT - its non-volatile peer. While one is considered a store of value and the other a unit of account, there seems to be no room for altcoins, is there?
https://medium.com/jax-network/why-does-the-world-need-another-stablecoin-a6040f43ff9f
Decentralization lies at the core of any democracy, as it helps to increase efficiency and effectiveness at all levels of communication. Thanks to blockchain, we have an improved version of the democratic mechanism now. DAOs act as ready-made solutions for efficient governance eliminating issues such as corruption and bribery native to human beings.
https://medium.com/jax-network/what-does-real-decentralization-look-like-ece6f8950419
Mining has always been considered one of the most stable sources of income in the cryptocurrency space. Bitcoin mining pools capture the biggest pie of the market, with Foundry, AntPool, and F2Pool controlling over the half of total hashrate. Let’s see how JaxPool fits into the picture and why it’s better than any other Bitcoin mining pool.
https://medium.com/jax-network/jaxpool-vs-other-crypto-mining-pools-10ff3ba1dbcf
The cryptocurrency market has been rapidly growing, and this fact certainly couldn’t help but get the close attention of governmental bodies eager to tax cryptocurrency enthusiasts. Let’s research the legal grounds for mining BTC around the world to find the best countries for crypto mining.
https://medium.com/jax-network/legal-grounds-for-mining-btc-around-the-world-348cfc7c1a51
With the growth of blockchain and cryptocurrency sectors, crypto mining lures more and more people seeking to make a good profit. As Ethereum switched to PoS, all eyes are on Bitcoin now. Is it easy to start a Bitcoin mining business?
https://medium.com/jax-network/how-to-start-a-crypto-mining-business-e08226b9f3ce
A universal basic income system seems like a fairytale of a dream world, where people are provided a proper amount to meet their everyday basic needs. However, we know that everything has its price. How can a UBI model prove to be sustainable in the long run at least on a nationwide level, not to mention the entire civilization?
https://medium.com/jax-network/is-a-ubi-model-sustainable-ea3d72e87cda
Jaxism is created on the basis of several concepts that we find critical for building the civilization of the future. Along with democracy, equality, and innovation, meritocracy comes as a smart way to lay the foundation of a more just and anti-corrupt society.
https://medium.com/jax-network/meritocracy-as-a-by-product-of-jaxism-940308bcb68d
We keep dedicating most of our time to the mining pool operation in order to push the hashrate level and enhance the network security. At the same time, we continue to spread the Jax.Network awareness by adding it to relevant web pages and creating various types of content materials.
https://medium.com/jax-network/jax-network-weekly-update-859627e8862d
This week, we continued to reinforce our blockchain by trying to increase the amount of hashrate and improve the design of our explorer. A good piece of news is that our blockchain has been merge-mined with over 100 Bitcoin blocks. Stay tuned for more updates!
https://medium.com/jax-network/jax-network-weekly-update-61dd02818db3
Our main focus is dedicated to gaining sufficient hashrate and we are glad to report that our efforts are successful. Thanks to 1.58 Ehash/s of average daily hashrate dedicated to our pool, our network has surpassed both BSV and BCH, which have 0.54 Ehash/s and 1.43 Ehash/s correspondingly.
https://medium.com/jax-network/jax-network-weekly-update-bf30884c265e
We are heading towards a web3 future, where decentralized applications play a key role. As most apps are powered by smart contracts, it becomes crucial to make sure they are secure and stable. Let’s find out what security features and potential vulnerabilities smart contracts have.
https://medium.com/jax-network/how-secure-are-smart-contracts-1187954e44dc
The passing year hit us all with a wave of unexpected bankruptcies and collapses, from Terra (LUNA) through Celsius and Voyager to FTX. Even though the bear market weakened investors’ interest in cryptocurrency, it also gave us much-needed time to improve our blockchain and focus on new products. Let’s recap the 2022 year and highlight our most valuable achievements.
https://medium.com/jax-network/jax-network-2022-update-153511728cb9
We would like to remind you that we have separate chats for regional communities. Feel free to ask any questions and learn everything you want to know about Jax.Network in your native language.
India 🇮🇳 - /channel/jaxnetwork_IN
Indonesia 🇮🇩 - /channel/jaxnetwork_ID
Middle East 🌍 - /channel/jaxnetwork_ME
Vietnam 🇻🇳 - /channel/jaxnetworkVN
We all know that mining is a profitable business, however, one thing remains unclear — if that is so lucrative, why do miners need to share their revenue with anyone else, not to mention pay a pool fee? Let’s try to find out why most miners prefer pool mining over solo mining.
https://medium.com/jax-network/why-do-miners-join-a-mining-pool-e299342cd5b2
Our developers continue to improve the core and test new features for PeaceWallet, which are expected to be added in the next wallet update. Meanwhile, the marketing team started to gather insight on exchange listings and plan engaging activities for our community.
https://medium.com/jax-network/jax-network-weekly-update-f53e99253d20
We continue to conduct various kinds of tests for our wallets and work towards bringing out yield to the token stakers. We appreciate your patience and look forward to the moment when we can disclose some good news to our community.
https://medium.com/jax-network/jax-network-weekly-update-bc23662b5d99
The technical team started to test the updates they rolled out last week, while the marketing team continued to work on listing our mining pool on different mining-related platforms. Some drastic improvements regarding our ecosystem will be disclosed soon. Stay tuned!
https://medium.com/jax-network/jax-network-update-5fa95d4872c8
During this week, our technical team completed the updating process of our explorer and wallets, which will be tested for some time before they will be available to users. As for the marketing team, we continue to work on mining pool listings and BitcoinWiki, as well as prepare content for our website and social media platforms.
https://medium.com/jax-network/jax-network-weekly-update-1bfb2ad26c47
The last week of October has turned out to be quite productive for our team, as we have been working towards bringing out yield to our token stakers. Simultaneously, our marketing division has taken steps in the direction of shaping a new strategy for expanding brand awareness.
https://medium.com/jax-network/jax-network-weekly-update-44e63af9811d
We continue to work on various improvements to our mining pool and related products, including implementation of locked JXN rewards in our PeaceWallet. From the marketing perspective, we focus on exploring and creating new ways of communication with our audience to establish higher engagement.
https://medium.com/jax-network/jax-network-weekly-update-fea32ceada13
This week, we finished the redesign of our blockchain explorer and launched the initial configuration of the public API for JaxPool. Now everyone can check the network hashrate and other critical metrics updated in real time using this API.
https://medium.com/jax-network/jax-network-weekly-update-572fefab518c
According to our product promotional and communication plans, we have refocused our presence in regions and opened new groups for India and the Middle East regions. Please join our regional chats to get all the news and communicate in your native language.
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Opponents of Proof-of-Work networks often use carbon dioxide pollution of the atmosphere resulting from mining as a final argument against this type of consensus mechanism. However, there has been a tremendous amount of work done to address this issue in recent years. Let’s see what achievements in green cryptocurrency mining we can observe so far.
https://medium.com/jax-network/overview-of-green-mining-possibilities-b040c15c7558
Stablecoins always become a safe haven when it comes to the bear market, as everyone hurries to make good use of their volatile BTC and altcoins. USDT alone sits at $68 billion, while Bitcoin dominance shrinks to below 40%, according to coinmarketcap.com. At the same time, it seems that people don’t hurry to cash their stablecoins out either. Are we at the dawn of worldwide stablecoin adoption?
https://medium.com/jax-network/demand-for-stablecoins-ab9f54abb9ae
The Jax.Network reward is based upon the amount of computing power inputted in mining Jax.Network’s shards. 💠🎁💠
🔹Using sharding and merged mining makes the Jax.Network reward scheme possible while solving the scalability trilemma.🔹
https://www.cryptopolitan.com/fixed-block-reward-rule-vs-proportional-allocation-rule-whats-the-advantage