Kyiv, Ukraine, July 26, 2021 (GLOBE NEWSWIRE) — (through Blockchain Wire) Jax.Network, a blockchain tech firm with its personal stablecoin, will get a College of Montreal professor on its staff. Dr. Abdelhakim Senhaji Hafid evaluations the undertaking’s protocol regularly and gives worthwhile inputs.
“After going via the Jax.Community Tutorial Paper and discussions with the technical staff, I consider their protocol has robust and sensible functions that may enhance international funds methods. Remarkably, JAX coin could turn out to be the world’s first stablecoin that maintains its stability in buying energy with out the necessity to peg its cash to fiat currencies or belongings. This paves the best way for an ecosystem by which retailers and shoppers are extra comfy exchanging worth through crypto because of the lowered volatility and regulatory threat,” Dr. Hafid gave his feedback on the JaxNet protocol.
Dr. Hafid shouldn’t be solely a Full Professor for the Division of Laptop Science and Operations Analysis on the College of Montreal but additionally the founding director of Community Analysis Lab and Montreal Blockchain Lab. Dr. Hafid has revealed over 250 journal and convention papers; he additionally holds three US patents. He’s an authority on blockchain know-how, DLT, and next-generation networks. As a seasoned blockchain and DLT skilled, he sees all of the totally different angles of the protocol and helps to seek out the most effective methods of enhancing them in essentially the most environment friendly manner.
“With Dr. Hafid’s advisory and protocol evaluations, Jax.Community will be capable of develop extremely quick and ship all of the deliberate options and extra. We count on that our firm’s stablecoin JAX will seize important market share within the international funds market, outcompeting widespread service suppliers,” Jax.Community’s founder Vinod Manoharan commented on the collaboration.
Jax.Network is anchored to the Bitcoin blockchain that follows the JaxNet protocol and points scalable, secure, and decentralized JAX cash. The Jax.Community staff goals at making these cash a common commonplace for the quantification of financial worth. Established in 2018, the corporate united professionals from all around the world to construct a blockchain community primarily based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling resolution. Jax.Community makes use of a particular merge-mining method. It permits miners to mine a number of shards concurrently with out splitting their hashrate and get rewards proportional to their effort. Being an open-source undertaking, the JaxNet protocol can be utilized by anybody to construct new initiatives on prime of it and contribute to the event of the ecosystem.