Vinod Manoharan, the CEO of Jax.Network, teamed up with cryptography scientists to build a fully decentralized, scalable, and stable cryptocurrency. Today, Jax.Network is a dedicated global payment system with a strict coin issuance policy that ensures its currency does not fluctuate in value. The network is anchored to the Bitcoin network to boost performance and enhance adoption. Stripe is a payment processing company integrated into businesses and merchants to support online, eCommerce, and ready-to-go transactions. The system has a prebuilt checkout system that allows you to customize your online point of sale in a way that matches your brand. In this post, we would like to compare the payment features of Jax.Network with the traditional payment method Stripe. Jax.Network as a payment processor Jax.Network holds a decentralized cryptocurrency whose value remains stable. Unlike most digital currencies, JAX coins are not subject to regular and unexpected crashes. The issuance of the coins follows a strict set of rules that prevent volatility. It also allows transaction validators within the network to expect rewarding payoffs and have the possibility to adjust their hashrates according to what they anticipate to earn. Jax.Network theoretically supports a vast number of transactions per second (the network is in the TesNet phase), just as other payment networks like Mastercard and Visa. Scalability and a la...
