Network Boot Parameters
Feel free to read the full paper or this short article to make some estimations of the economic viability of merge-mining our network.
Shard chains parameters
Initial shard count in Jax.Network MainNet is 3
Beacon chain average block interval is 600 seconds
Shard chain average block interval is 37.5 seconds
BC block body size is 768KB
SC block body size is 60KB.
Mining parameters
Mining hash function is SHA256d, meaning that every device which is used for mining Bitcoin or its forks can be used for merge-mining Jax.Network
Hash sorting number is 10
Initial BC block difficulty is 2⁶⁴ hashes
Initial SC block difficulty is 2⁶⁰ hashes.
Other keynotes
The premine size of JXN is 36,000,000
The block reward on the beacon chain is set at 20 coins per block after 5 years
The initial value of the K-coefficient is 2^-60 JAX/hash, meaning that on average 2⁶⁰ hashes should be computed in order to get 1 JAX
There will be timelocks on miners BC block rewards
A shard expansion protocol determines the conditions which should be satisfied to open a new shard
Miners can vote on the value of the K-coefficient and determine it through a consensus.
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