Jax.Network and Syscoin presented the GMMA on Mining Disrupt 2022
— Vinod Manoharan, Founder of Jax.Network
DUBAI, United Arab Emirates, Aug. 4, 2022 /EINPresswire.com/ — DUBAI, United Arab Emirates, Aug. 4, 2022 – Jax.Network, a blockchain project merged with the Bitcoin network, has sponsored the 4th annual Mining Disrupt conference which s is held in Miami, Florida, USA, from July 26-28.
Jax.Network previously participated in Mining Disrupt last year and this time returned to Miami with a fully operational network ready to accommodate up to 100% Bitcoin hashrate. The company had plenty of tricks up its sleeve offering exclusive perks including additional global rewards, exclusive mining pool fees, and mining assistance. It is also worth mentioning that the chief scientist of Jax.Network joined the roundtable focusing on the Proof-of-Work consensus algorithm and was warmly welcomed by the audience.
As previously reported, Jax.Network created the Global Merged Mining Alliance (GMMA) with Syscoin has indeed become the talking point of the conference. The Jax.Network booth co-hosted with Syscoin became one of the liveliest places at the expo as many attendees came to ask questions regarding merged mining, GMMA and other things related to the blockchain. The alliance was also featured on stage, detailing the benefits of Bitcoin smelting with Jax.Network, including 0% hashrate loss, no cost increases, and relatively high block rewards. The team’s main goal for the conference was to raise awareness about merged mining and increase its network hashrate.
“Merge mining is a win-win solution for Bitcoin miners and the crypto community in general. It is an easy way to increase the security of both networks and get higher revenue in the form of additional block rewards and child chain transaction fees. We believe we were successful in converting as many conference attendees as possible to try to merge Bitcoin with our network,” commented Vinod Manoharan, Founder of Jax.Network.
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