Jax Blockchain Network participates at Future Blockchain Summit in UAE

News Desk 16 December 2020

1 minute read

Blockchain and Crypto News MENA DUBAI UAE

Jax.Network, a blockchain network built with scalability, security in mind recently attended the 2020 Future Blockchain Summit in Dubai UAE. According to Jax Network blog post, the purpose of their participation was to communicate the benefits of our technology and gather information from other projects in the same field.

The Future Blockchain Summit ran from December 6th to December 9th, and was hosted alongside the GITEX tech event at the Dubai World Trade Centre, which itself ran from the 6th to the 10th of December.

As per the blog, attendees of the event were very interested to hear about our protocol and proposed solution to the blockchain scalability trilemma which not only exponentially increases the amount of transactions our network can handle but also the stable nature of our native currency.

The team was proud to stand behind the protocol that they had worked on for the past two years. Nevertheless, the question of the adoption of the network was still very much in the air. Of course, the team did have to tend to questions such as “How is your coin different from Bitcoin?” and “Is your network going to replace Ethereum?” These were difficult questions that nobody can answer with 100% certainty, but we were able to give very comprehensive, realistic and plausible answers about how Jax.Network blockchain can gain mass adoption.

Currently, the Jax.Network team is close to finalizing our blockchain’s Proof of Concept, where our protocol will be tested and stress-tested to ensure its strength, effectiveness, and viability. As stated, ” We hope to complete this stage of development before our next blockchain or crypto event in order to present our results to attendees and potential investors. We are certain that once we have our Proof of Concept ready, raising the amount of money needed to achieve the project’s goals will not be a matter of if, but when.”