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Jax.Network joins forces with Syscoin in merge-mining partnership, Business News

Jax.Network joins forces with Syscoin in merge-mining partnership


July 12, 2022

DUBAI, United Arab Emirates, July 12, 2022 (GLOBE NEWSWIRE) — Jax.Networka blockchain merged with Bitcoin, is proud to announce a strategic partnership with Sycoin. Both projects use bitcoin fusion 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 Disruption, two major blockchain projects operated by Bitcoin Fusion have joined forces with the aim of strengthening and improving the Bitcoin ecosystem. This collaboration results in the co-sponsorship of the stand during the aforementioned conference from July 26 to 28. Come join us in sharing knowledge and experience the largest Bitcoin mining exhibition in the world!

“It is rare to find other projects that truly understand the overlooked benefits of merged mining, let alone provide their own real utility needed to move the space forward by essentially making Bitcoin more valuable. It’s always a pleasure to work with people who share your values, and Jax.Network aligns with ours on a fundamental level. I look forward to seeing the reception of what we have in store to reveal at Mining Disrupt,” said Jag Sidhu, President of the Syscoin Foundation.

Such a partnership should propel the wider adoption of fusion mining, as it is “green” mining that simply reuses the energy already spent mining Bitcoin. Thus, auxiliary networks not only benefit from increased security, but also allow miners to earn more rewards without losing hashrate or increasing operating costs.

Vinod Manoharan, Founder of Jax Network, said the following about the partnership: “There are a few projects that use a merge-mining algorithm and even fewer that mine Bitcoin. Like Jax.Network, Syscoin is one of those unique projects. So we have decided to join forces in an incredible company that we will reveal 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 monetary system based on energy standards. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN.

About Sycoin

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

CONTACT Viktoriya Nechyporuk, Marketing Communications Manager
COMPANY Jax.Network
CALL +380 67 657 0029
E-MAIL [email protected]

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