{"id":75527,"date":"2022-07-12T15:03:15","date_gmt":"2022-07-12T15:03:15","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=94753"},"modified":"2022-07-12T15:03:15","modified_gmt":"2022-07-12T15:03:15","slug":"jax-network-unites-with-syscoin-in-a-merge-mining-partnership","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/jax-network-unites-with-syscoin-in-a-merge-mining-partnership\/","title":{"rendered":"Jax.Network unites with Syscoin in a merge-mining partnership"},"content":{"rendered":"

DUBAI, United Arab Emirates, July 12, 2022 (GLOBE NEWSWIRE) —\u00a0Jax.Network<\/u><\/a>, a blockchain merge-mined with Bitcoin, is proud to announce a strategic partnership with\u00a0Syscoin<\/u><\/a>. 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.<\/p>\n

In anticipation of\u00a0Mining Disrupt<\/u><\/a>, 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!<\/p>\n

\u201cIt\u2019s 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\u2019s 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,\u201d Jag Sidhu, Syscoin Foundation President stated.<\/em><\/p>\n

Such a partnership should propel the wider adoption of merge-mining, as it is \u201cgreen\u201d 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.<\/p>\n

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!”<\/em><\/p>\n

About Jax.Network<\/strong><\/p>\n

Jax.Network<\/u><\/a>\u00a0provides 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.<\/p>\n

About Syscoin<\/strong><\/p>\n

Syscoin<\/u><\/a>\u00a0is 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.<\/p>\n

CONTACT\u00a0<\/strong>Viktoriya Nechyporuk, Marketing Communications Lead
\nCOMPANY\u00a0<\/strong>Jax.Network
\nPHONE\u00a0<\/strong>+380 67 657 0029
\nEMAIL\u00a0<\/strong>viktoriya@jax.net<\/a>
\nWEB\u00a0<\/strong>https:\/\/jax.network<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

DUBAI, United Arab Emirates, July 12, 2022 (GLOBE NEWSWIRE) \u2014\u00a0Jax.Network, a blockchain merge-mined with Bitcoin, is proud to announce a strategic partnership with\u00a0Syscoin. 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\u00a0Mining Disrupt, [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,343],"tags":[],"yoast_head":"\nJax.Network unites with Syscoin in a merge-mining partnership - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/jax-network-unites-with-syscoin-in-a-merge-mining-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jax.Network unites with Syscoin in a merge-mining partnership - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"DUBAI, United Arab Emirates, July 12, 2022 (GLOBE NEWSWIRE) \u2014\u00a0Jax.Network, a blockchain merge-mined with Bitcoin, is proud to announce a strategic partnership with\u00a0Syscoin. 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