Mining is a vital process to the blockchain network that allows it to secure itself, remain centralized and mint new coins. Read this article to find out exactly how the process of mining works and how Jax.Network’s protocol has improved upon it.

Talks of a truly decentralized and global currency have been going on for many years, and especially during the last 5 years. Bitcoin, Ethereum, USDT, and other prominent cryptocurrencies have advanced the conversation with their successes, not only as digital currencies but also as reliable stores of value.

This past week, the Jax.Network team had the privilege of attending the 2020 Future Blockchain Summit in Dubai. The team’s purpose there was not only to set up and man our very own booth, but also to communicate the benefits of our technology and gather information from other projects in the same field.

On Sunday, the final of the Eighth Blockchain Hackathon with a total prize pool of $14,700, was hosted by Distributed Lab and Jax.Network. The top five teams from across the country received awards from the organizers and additional prizes from sponsors.