How to measure the security of JaxNet ecosystem

1. How secure is Jax.Network against cyber attacks? jax.network

2. In preparation against these attacks, Jax.Network developers followed two ways to measure the security of the blockchain: as a percentage of the blockchain hashrate and using factors that limit the 51% attacks. The most common method is by measuring the security as a percentage of the blockchain hashrate. The latter measures the security of the blockchain using factors limiting or reducing the likelihood of the blockchain getting compromised by a single shard attack or a 51% attack. To further prevent malicious cyberattacks, Jax.Network implemented sharding and merged mining techniques. These methods help the network (right now in the TestNet phase) optimize its decentralization and scalability while enabling robust security features on the platform. jax.network

3. The Jax.Network security solution Sharding Jax.Network uses sharding to improve the scalability of the network. A shard is essentially a horizontal data partition that contains a subset of the total data set to serve a portion of the overall workload. jax.network

4. The idea is to distribute workload or data that cannot ft into a single node onto a cluster of database nodes. These nodes participate in unlimited transactions simultaneously, as long as they have sufcient storage and hashrate to manage the trades. The peer-to-peer permission system of Jax.Network allows the system to remain completely decentralized. jax.network

5. Merged Mining The system can protect all shards from takeover threats through merged mining and the development of a proprietary merged mining tree. Furthermore, by leveraging the hashing power of Bitcoin to which it is anchored, the possibility of 51% attacks is potentially reduced. jax.network

6. The merged mining process on Jax.Network does not lead to centralization because it leverages a unique Merkle tree. When used, the Merkle tree optimizes the efciency of encoding the data in the blocks. Taking this theory one step further, anyone who has invested a lot of money into the Jax.Network system is unlikely to stage an attack because of the stake they have on the network - therefore minimizing the 51% attacks associated with PoW-powered blockchains such as Bitcoin. jax.network

7. Security risk assessment Jax.Network maintains high security by allocating a high security budget; this does not imply the system is less secure. The security on Jax.Network is determined by the equation: security factor = (security budget/capitalization) If you denominate the cost of an attack as a percentage of the hashrate, you will discover that Jax.Network has a higher level of security than other blockchains. In short, the increased spending on the security budget increases the security of Jax.Network. jax.network

8. Conclusion Jax.Network ofers a higher level of security than other blockchains because it leverages a higher security budget. It also optimizes its scalability and decentralization while not compromising security. In the end, the security of Jax.Network is at least as strong as the security of other blockchain networks with similar or higher hashrates. jax.network

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