Scalability is an important aspect of every blockchain-based solution. Many blockchain networks today, including the popular Ethereum and Binance smart chains, are grappling with scalability issues. However, Jax.Network has established sharding as a complete solution to this age-old problem. Using precision sharding technology allows the Jax.Network blockchain to expand the network as the demand for transactions grows.
Since blockchain networks are designed to handle loads of data every second, taking 100 GB of data per second requires careful scalability considerations. The Jacksonnet protocol uses a precise sharding strategy that does not involve traditional validator nodes. The decentralized sharding strategy makes Jax.Network the most promising scalability solution today, competing with Binance Smart Chain and Ethereum.
Unlike Jax.Network, other networks have lots of validators, and they need to manage them. However, multiple validators within a network have the drawbacks of scalability. Jax.Newwork solves this through sharding. Jax.Network uses a pure-state sharding solution. In other words, you don’t need to download the entire blockchain to verify a shard. As a smaller node, it cuts down on your storage costs. So, at any point of time, any user will be able to verify their account balance, which is one of the pro points.
jacksonette approach to sharding
The sharding technology on Jax.Network allows the network to handle a theoretically unlimited number of transactions per second. This level of scalability is incredibly advanced, rivaling traditional centralized methods of payment such as Visa. But how exactly does sharding over the network work?
Essentially, each shard operates independently and can be viewed as a series of parallels. Therefore, the data is divided into several series that grow as the network grows. The Jacksonnet protocol is responsible for regulating the total number of shards created within the network. They can be created only if certain network parameters are met.
Although different blockchains have different approaches to sharding, the JacksonNet protocol allows any node to contribute to as many sharded chains as possible. As long as a node has the right qualifications (enough storage and bandwidth) to participate in a specific shard, the jacknet protocol will allow it to do so. In this way, the network gains significant scalability as there is no fixed number of shards in the Jax.Network blockchain. Another feature is that sharding is done through a proof-of-work consensus algorithm, making it the first sharded PoW network.
How sharding solves scalability issues
So, how exactly does one solve the perennial scalability problem facing many blockchain networks? Well, for starters, the technology ensures that a network can scale on demand and thus handle a significant amount of transactions per second (his team is still running stress tests). This is a new feature in a blockchain network currently only available on Jax.Network. Ideally, due to sharding, the platform can grow to handle unlimited online payment transactions, completing transactions of up to billions of dollars worth of JAX coins.
This solution is ideal for a project that aims to provide a practical online payment system. Today, billions of dollars change hands every day. A suitable online solution that can handle a large volume of these transactions needs to be decentralized, secure and scalable.
Sharing ensures that Jax.Network can provide fast online transactions using its native stablecoin JAX. In this way, users can enjoy the benefits of a decentralized value transfer ecosystem that is secure and scalable.
Scalability is an important aspect of any project that aims to revolutionize the online payments industry. Jax.Network has put together a unique ecosystem based on sharding and merge-mining to provide us with a scalable yet highly secure blockchain.
To learn more about JAX.Network, visit their Telegram group or Twitter. Testnet will be launched soon where miners can earn additional rewards.