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Jax.Network has mined over 100 BTC blocks

DUBAI, United Arab Emirates, Sept. 28, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain project building an energy–standard monetary system, has merge–mined over 100 Bitcoin blocks. Miners are welcome to join JaxPool and get a wide variety of different perks, including free JXN coins.

Jax.Network is a blockchain protocol merge–mined with Bitcoin network. The merge–mining technology allows the network to leverage the security of the parent chain and provide more incentives for miners, as they receive extra block rewards in the form of JXN tokens. This week, Jax.Network rechead a major milestone of 100 BTC blocks being merge–mined with Jax.Network. It's interesting to note that the first BTC block was merge–mined during the mainnet launch back in October 2021.

The event comes shortly after JaxPool, an official mining pool focused on merged–mining Jax.Network with Bitcoin, reached an all–time high of 1.58 Ehash/s of computing power. The pool has managed to gain this hashrate in less than two months thanks to attractive terms of participation, which include negative fees on Bitcoin mining and a 1% bonus for every Phash/s. Thus, it surpassed both BSV and BCH networks in terms of computing power.

"We have come a long way to create a protocol that reflects the best of what a blockchain protocol, such as Bitcoin, can offer. A hundred blocks mark one of the first major milestones for us but the most interesting parts of our roadmap are yet to come," Vinod Manoharan, Founder of Jax.Network, stated.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.


Jax.Network's mining pool gains 1.58 Ehash/s

DUBAI, United Arab Emirates, Sept. 25, 2022 (GLOBE NEWSWIRE) — JaxPool, a mining pool focused on merge–mining Jax.Network with Bitcoin, has increased its hashrate to 1.58 Ehash/s. That's almost a 32% increase since last week. To put into perspective, Bitcoin SV (BSV) has only 0.54 Ehash/s and Bitcoin Cash (BCH) has 1.43 Ehash/s at the moment of writing.

JaxPool was launched in August 2022 to allow miners to test their mining pool and different modes of participation. The pool offers negative fees, meaning miners don't have to pay anything for mining BTC as a part of the pool. In addition, a 1% bonus in BTC is paid out for every Phash/s dedicated to the pool, not to mention extra rewards in JXN.

In less than two months, JaxPool has managed to surpass the average daily hashrate of both BSV and BCH. The latter happened just this week, as JaxPool reached an all–time high of 1.58 Ehash/s. At the moment of writing, BSV has 0.54 Ehash/s, while BCH increases its daily hashrate to 1.43 Ehash/s, which is still 0.15 Ehash/s lower than Jax.Network.

"We are extremely glad to see our pool growing as more miners decide to entrust their hashrate to merge–mine Bitcoin with Jax.Network. We expect to keep pace with the increasing demand and deliver top–notch user experience to miners," Vinod Manoharan, Founder of Jax.Network, revealed in a comment.

About JaxPool

JaxPool is a BTC mining subpool under a top–5 mining pool. Its goal is to merge–mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.


Jax.Network has surpassed BSV hashrate

DUBAI, United Arab Emirates, Sept. 16, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge–mined with Bitcoin, has gained around 1,200 Phash/s, which is two times higher than the average hashrate per day of Bitcoin SV (BSV), which has 568.87 Phash/s at the moment of writing. The project is right on track to outcompete Bitcoin Cash (BCH) with its 1.43 Ehash/s.

Jax.Network utilizes a merge–mining algorithm that allows miners to dedicate their computational resources to finding a proof–of–work not only in its own network but also in the Bitcoin network. Thus, by reusing the hashrate of the Bitcoin network, the Jax.Network blockchain leverages enhanced security and puts a check on potential inflation compared to a standalone network.

Such a technical solution offers increased incentives for miners. Apart from extra block rewards and transaction fees, miners, who decide to join JaxPool, an official pool by Jax.Network, can benefit from negative pool fees on BTC mining and up to a 1% bonus on BTC mining activities. It could be fair to assume that this offer helped to attract a lot of attention to the network, resulting in 1,200 Phash/s of combined hashrate in less than two months. At the moment, that's nearly twice more than the BSV network.

"Once miners test our network and understand how much more profitable it can be, we may see a rapid increase in hashrate. I would even assume that we might capture 100% of hashrate of the Bitcoin network," Vinod Manoharan, Founder of Jax.Network, commented.

About JaxPool

JaxPool is a BTC mining subpool under a top–5 mining pool. Its goal is to merge–mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.


Jax.Network celebrates its 4th anniversary

DUBAI, United Arab Emirates, Sept. 02, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain project building an energy–standard monetary system, is glad to enter the fifth year of its development. Throughout its four years of existence, Jax.Network has managed to design and launch a number of unique products and services and doesn't plan to lose momentum.

Started up with a mission to solve the famous Scalability Trilemma, Jax.Network went far and beyond and built not only a truly scalable, decentralized, and secure network but an entire technological infrastructure for an energy–standard monetary system. Furthermore, it brings a stablecoin (JAX) to the Bitcoin ecosystem improving its scalability and stability. To support this ecosystem, Jax.Network built a variety of products and services, including but not limited to a DeFi platform, yield farming initiative, and decentralized wallets.

The blockchain company plans to surprise the community with more ambitious releases in the years to come. At the moment, the Jax.Network team is focused on increasing the hashrate power of its mining pool, which was launched earlier this year. JaxPool is the first mining pool to offer negative fees on Bitcoin mining.

"I'm proud to be the founder of such an innovative enterprise that is set to become a game–changer in the global crypto and blockchain industry. We spent more than three years on research and development of the protocol and key products, so even the bear market shouldn't stop us from entering the top 100 coins by market capitalization," Vinod Manoharan, Founder of Jax.Network commented on the occasion.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.


Expereo appoints new General Counsel and SVP of Enterprise Sales as part of continued investment strategy

AMSTERDAM, Aug. 31, 2022 (GLOBE NEWSWIRE) — The world's leading provider of managed network solutions, Expereo welcomes Sujata Kukreja, General Counsel and Scott Zarriello, SVP Enterprise Sales into its ranks. Both recent appointments come as part of a continued global investment strategy to further tailor solutions and experiences to all regions based on customer demand, while maintaining the same best–in–class service around the world.

"Expereo's steep growth trajectory has been fueled by a great influx of talent. I am thrilled to announce the expansion of the leadership team with the addition of Sujata and Scott, who will be instrumental in creating seamless customer solutions globally. Scott adds his experience and talent to our dynamic sales leadership team. In his role as our new Senior Vice President of Enterprise Sales, Americas, he will further develop the potential of the American market," commented Irwin Fouwels, Chief Executive Officer of Expereo.

Sujata Kukreja joins Expereo from Knauf where she was spearheading operations in the APAC region, managing legal and ESG compliance, governance, and risk management. Her wealth of experience in providing practical and innovative regulatory solutions on a global level will be critical in Expereo's ongoing expansion and international business operations.

"I am passionate about ensuring businesses grow and develop in an ethical and sustainable manner. I am excited to utilize my expertise in my new role and be part of Expereo's continued success story," says Sujata Kukreja, new General Counsel of Expereo.

Scott Zarriello joins Expereo from Vodafone where he held the position of VP of Global Sales and US Operations, leading the senior strategic sales team for outsourcing and managed services. His experience of over 30 years within the Technology and Telecommunications industries will be instrumental in aligning Expereo's global sales strategy while tailoring solutions and service offerings to the regional customer needs.

"Delivering the results our customers need to grow and thrive is my number one priority. I am incredibly excited to join the team at Expereo and continue building on the company's expertise in connectivity on a global scale with innovative solutions," commented Scott Zarriello, new SVP of Enterprise Sales at Expereo.

About Expereo
Expereo is a leading global provider of managed network solutions including, Global Internet, SD–WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 30% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, helping customers improve productivity and empowering their networks and cloud services with the agility, flexibility and value of the Internet, with optimal network performance.

Expereo was acquired in Feb 2021, by Vitruvian Partners. The international growth capital and buyout firm acquired a majority shareholding from leading European private equity firm, Apax Partners sas.

For more information visit: www.expereo.com. 

Emese CsikaiSenior Account Executiveemese@grammatikagency.com


Expereo acquires Breeze Networks, further enhancing its SD-WAN/SASE practice and presence in the UK market

AMSTERDAM, Aug. 15, 2022 (GLOBE NEWSWIRE) — The world's leading provider of managed network solutions, Expereo, has announced the acquisition of Breeze Networks, a managed service provider of SD–WAN/SASE technologies. The acquisition fuels Expereo's growth trajectory, further enhancing its SD–WAN/SASE practice, building on its expanding range of services to manage SD–WAN solutions at scale to partners and multinational enterprise customers across the globe.

This latest acquisition solidifies Expereo's ambition to complement its managed network solutions with world–class advisory practice providing guidance to organizations on their global transformation to software–defined and internet–based networking. With the full support of majority investor Vitruvian Partners and minority investor Apax Partners SAS, Expereo intends to continue its acquisition strategy.

Breeze Networks is a managed service provider of cloud–based (SD–WAN) network connectivity and security solutions for enterprises and government agencies. An innovative and flexible network integrator, Breeze sources and manages the best SD–WAN networking and security solutions on the market.

As part of the acquisition, Expereo welcomes Matthew Lea, CTO of Breeze Networks as Technical Portfolio Lead. His expertise will be a great addition to the knowledge base of Expereo's Technical team, led by CTO, Kristaps Petrovskis. Lea will drive Expereo's expansion plans for its SD–WAN/SASE practice, solidifying the company's presence in the UK market in his new role at Expereo.

"This acquisition comes at an exciting time, as we expand our SD–WAN services to address the growing need for agile, cost–effective cloud access and global network solutions in the market. With our shared vision to simplify global connectivity and provide world–class customer experience, the expertise of the team of professionals behind Breeze Networks will contribute great value as we join forces," comments Irwin Fouwels, CEO of Expereo.

"Having recently worked with Expereo on a global deployment for one of our customers, we witnessed first–hand the shared values of both companies and commitment to providing excellence in delivery and customer service. We are excited about joining the Expereo family and are certain that the global reach and scale of Expereo will be a benefit to all of our stakeholders,” says George Cowan, Managing Director of Breeze Networks.

The rapid adoption of cloud–based applications and SD–WAN technologies puts Internet–based WANs at the center of multinational companies' business models. Expereo is committed to simplifying the sourcing and management of such network solutions, whilst ensuring exceptional customer experience to cater to the needs of its MSP partners and multinational clients.

About Breeze Networks Ltd
Breeze Networks is a privately owned UK based supplier of SD–WAN based Network and Security Managed Services. Established in 2016 the company has designed and deployed a significant number of SD–WAN based global and regional networks to our customers in both the private sector and UK government agencies. The Breeze team have developed extensive knowledge and experience of best of breed SD–WAN/SASE products which allows us to help our customers on their Cloud transformation journeys.

About Expereo
Expereo is a leading global provider of managed network solutions including, Global Internet, SD–WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 30% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, helping customers improve productivity and empowering their networks and cloud services with the agility, flexibility and value of the Internet, with optimal network performance.

Expereo was acquired by Vitruvian Partners in April 2021. The international growth capital and buyout firm acquired a majority shareholding in Expereo from leading European private equity firm Apax Partners SAS.


Jax.Network welcomes BTC miners to join their pool

DUBAI, United Arab Emirates, Aug. 12, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge–mined with Bitcoin, has launched a mining pool. JaxPool is a BTC mining subpool under a top–5 mining pool. Its goal is to merge–mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.

To encourage miners to merge–mine Jax.Network, JaxPool offers negative fees on BTC mining. This means that miners not only don't have to pay any fees but also receive a 1% bonus on the mined BTC. As an added benefit, JaxPool miners are entitled to a portion of block rewards for merge–mining Jax.Network paid in JXN coins.

Miners can join the pool via one of the two modes. Mode 1 implies that miners will merge–mine the Jax.Network beacon chain along with BTC and receive their reward in BTC. They also will receive JXN coins as an additional reward but they won't be able to use a negative fee offer. Mode 2 allows miners to use a –1% fee, however, they won't receive any locked JXN rewards; only 20 unlocked JXN. Please note that the Mode 2 offer is eligible only for the first 700 PH/s.

"We clearly understand that miners need a stable and secure business model, especially during bear markets. JaxPool comes as a life jacket, offering a one–of–a–kind proposal to keep BTC miners afloat," Vinod Manoharan, Founder of Jax.Network commented.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.

About JaxPool

JaxPool is a BTC mining subpool under a top–5 mining pool. Its goal is to merge–mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


Jax.Network is Excited to Unveil Global Merged Mining Alliance with Syscoin

DUBAI, United Arab Emirates, July 28, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge–mined with Bitcoin, has announced the launch of the Global Merged Mining Alliance (GMMA) today. Together with Syscoin, they aim at contributing to the development of the Bitcoin network by supporting projects building on top of the world's first blockchain.

"The beauty of merged mining is that we can re–apply all of our hashing power to support multiple networks and build a thriving software ecosystem at the same time," said Jag Sidhu, Syscoin Lead Developer and Foundation President. "However, merged mining is currently relatively unknown, underdeveloped, and underutilized. The GMMA is here to change this."

As it was reported, Jax.Network partnered with Syscoin earlier this month and now they unveil plans to create the GMMA. The alliance will push forward the adoption of the Bitcoin network as well as enhance its security by helping merge–mined protocols, mining pools, and other platforms contributing to the Bitcoin ecosystem to succeed in their missions. More projects are expected to join the GMMA in the near future.

It's important to highlight that merged mining is considered one of the best ways for Bitcoin miners to earn extra profit without losing hashrate or increasing operational costs. Moreover, projects anchored to Bitcoin can not only offer higher rewards to miners but also leverage the security of the Bitcoin network.

"We're thrilled to partner with Syscoin to facilitate the development of the Bitcoin ecosystem," said Vinod Manoharan, Founder of Jax.Network. "By aligning the self–interest of miners with the best interest of the community at large, we're contributing to the global blockchain industry and propelling innovation in the merged mining sector."

About Jax.Network

Jax.Network is an open source project that provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues JAX, a stablecoin pegged to the energy spent on mining, and JXN, which is an asset coin representing the value of the whole network.

About Syscoin

Syscoin is a decentralized and open–source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


Jax.Network unites with Syscoin in a merge-mining partnership

DUBAI, United Arab Emirates, July 12, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge–mined with Bitcoin, is proud to announce a strategic partnership with Syscoin. Both projects make use of Bitcoin merge–mining to secure their networks and offer incentives to miners in the form of additional block rewards on top of Bitcoin mining.

In anticipation of Mining Disrupt, two major Bitcoin merge–mined blockchain projects have joined their forces with the purpose of strengthening and enhancing the Bitcoin ecosystem. This collaboration results in co–sponsoring the booth at the aforementioned conference on July 26–28th. Come join us in knowledge–sharing and experience the world's largest Bitcoin mining expo!

"It's rare to find other projects who truly understand the overlooked benefits of merged mining, let alone provide their own real utility required to push the space forward by essentially making Bitcoin more valuable. It's always a joy to work with people who share your values, and Jax.Network aligns with ours at a core level. I look forward to seeing the reception to what we have in store to reveal at Mining Disrupt," Jag Sidhu, Syscoin Foundation President stated.

Such a partnership should propel the wider adoption of merge–mining, as it is "green" mining that simply reuses the energy already spent on mining Bitcoin. Thus, auxiliary networks not only benefit from higher security but also allow miners to earn more rewards without any loss of hashrate or increased operating costs.

Vinod Manoharan, Founder of Jax Network, had the following to say about the partnership: “There are a few projects that use a merge–mining algorithm and even fewer that merge–mine Bitcoin. Like Jax.Network, Syscoin is one of those unique projects. Thus, we decided to unite our efforts in an incredible endeavor that we will be revealing at Mining Disrupt. Find our co–hosted booth there to get all the details first!”

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN.

About Syscoin

Syscoin is a decentralized and open–source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


Jax.Network has released Layer-2 stablecoins on BscScan, Polygonscan, Etherscan, Avalanche C-Chain

DUBAI, United Arab Emirates, June 29, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain project focused on building an energy–standard monetary system, has minted WJAX, JAXUD, and JAXRE on its DeFi platform. The Layer–2 stablecoins are available on Binance Smart Chain, Ethereum, Polygon and Avalanche C–Chain now.

WJAX (Wrapped JAX), JAXUD (JAX Dollar), and JAXRE (JAX Rupee) are stablecoins, minted by the smart contract on Jax.Money. This DeFi platform can be used to issue localized derivatives soft–pegged to an energy token JAX, which retains its stable value thanks to a unique reward function. At the moment, tokens can be tracked at BscScan, Etherscan, Polygonscan, and Snowtrace (Avalanche C–Chain).

Token

 Network
BSC Ethereum Polygon Avalanche C–Chain
WJAX 0xf07352E8e3b88e8500D24301f5FC05A916d708cc 0x2Df380cD3eeB7F1Ee5deB087Fe9FbCF8959095Ee 0x1d60AA1D6137Dcb1306C8A901EBd215Ca661d0cb 0xdd32f4dba92b04f2d4ade25dfad7a127027c379d
JAXUD 0xeff49aED7baaBa69DCBdA577b34850c41e8F5226 0x935b0bF173552cd55E53AD651a783430a5700cD4 0x9e79696a4c1163d35f01d71dcbbc5c139691c6d3 0x1d60aa1d6137dcb1306c8a901ebd215ca661d0cb
JAXRE 0x86ECE7D9cdA927B3Ec4044Df67B082FA55A1c198 0x88d7FE32284f1dBD398D58222DE8DFd87dD75460 0xd85a8b4964850ae85121d5652e6f0696512feb10 0x9E79696a4C1163D35f01d71DcbBc5C139691C6D3

"The current debt–facilitating monetary system manipulates people into working for currencies that are subject to inflation. We took several years to come up with a currency backed by energy, reflecting efforts put into its mining and launched a whole new energy–standard monetary system to serve people's needs all around the world," Vinod Manoharan, the Founder of Jax.Network, revealed in a comment.

Apart from their transactional use, localized stablecoins such as JAXRE and JAXUD offer an excellent arbitrage opportunity with their fiat representations, as Jax.Money provides better exchange rates. Feel free to try out energy tokens fully backed by on–chain reserves at Jax.Money now!

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value.

About Jax.Money

Jax.Money is a stablecoin payments system with 100% on–chain reserves backed by energy spent or Proof–of–Work. Its primary function is issuing localized derivatives soft–pegged to an energy–underwritten stablecoin (Wrapped JAX). Such a solution helps to maintain the stable value of a localized derivative and to simplify the payment process itself.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


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