Jax.Network has mined over 100 BTC blocks

DUBAI, United Arab Emirates, Sept. 28, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain project building an energy–standard monetary system, has merge–mined over 100 Bitcoin blocks. Miners are welcome to join JaxPool and get a wide variety of different perks, including free JXN coins.

Jax.Network is a blockchain protocol merge–mined with Bitcoin network. The merge–mining technology allows the network to leverage the security of the parent chain and provide more incentives for miners, as they receive extra block rewards in the form of JXN tokens. This week, Jax.Network rechead a major milestone of 100 BTC blocks being merge–mined with Jax.Network. It's interesting to note that the first BTC block was merge–mined during the mainnet launch back in October 2021.

The event comes shortly after JaxPool, an official mining pool focused on merged–mining Jax.Network with Bitcoin, reached an all–time high of 1.58 Ehash/s of computing power. The pool has managed to gain this hashrate in less than two months thanks to attractive terms of participation, which include negative fees on Bitcoin mining and a 1% bonus for every Phash/s. Thus, it surpassed both BSV and BCH networks in terms of computing power.

"We have come a long way to create a protocol that reflects the best of what a blockchain protocol, such as Bitcoin, can offer. A hundred blocks mark one of the first major milestones for us but the most interesting parts of our roadmap are yet to come," Vinod Manoharan, Founder of Jax.Network, stated.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof–of–Work consensus mechanism and pure state sharding as a scaling solution.


Go and Tell the Hungry that Their Food Is Being Thrown in the Garbage

Controlling the loss and waste of food is a crucial factor in reaching the goal of eradicating hunger in the world. Credit: FAO

By Baher Kamal
MADRID, Sep 28 2022 – These are facts, not guesses: about 1.3 billion tons of food is wasted and lost… every single year, the equivalent of one ton per each of the one billion hungry people, many of them are those who produced the food.

The findings have been reported by the World Bank, whose recent study: What a Waste 2.0 also informs that the number of wasted calories “could fill hunger gaps in the developing world.”

On this, it reports on the breakdown of the number of calories wasted per day and per person –out of the recommended 2.000– : 1.520 calories in rich North America and Oceania –of which 61% are by their consumers–, and 748 wasted calories in wealthy Europe.

With a much bigger population than Europe, a similar amount of calories is reported as wasted in industrialised Asia (746), compared to 414 in South and Southeast Asia.

Subsaharan Africa and Central Asia register 545 wasted calories per person and day, and Latin America 453, according to the World Bank’s report.

For its part, the United Nations, on the occasion of this year’s International Day of Awareness on Food Loss and Waste Reduction, on 29 September, reports that reducing food losses and waste is essential in a world where the number of people affected by hunger has been slowly on the rise since 2014, and tons and tons of edible food are lost and/or wasted … every day.

 

How is the food of the hungry being wasted?

Two main reasons lay behind such food waste and loss. One of them is attributed to inadequate transport and storage facilities in developing countries.

But the major one is the rules imposed by the markets.

Indeed, the dominating marketing, the profit-making technique consists of selecting part of the crops while discarding great amounts of food, just because they are “ugly,” “not nice” in the eyes of the consumers.

This way, millions of tons of potatoes, tomatoes, carrots, lemons, apples, pears, peaches, grapes… are every day left in the field or thrown in landfills, while millions of litres of milk and millions of eggs are dumped in the sea just to reduce their availability in the supermarkets, therefore raising their prices, and this way make more money.

Another market rule is to attract consumers with “special” offers, such as “buy one, take two” or more, while advertising their products as natural,” biological, grown in the field, etc. Other foods are presented as gluten and lactose-free; zero added sugar, more Omegas, more healthy… and cheaper.

Add that they fix tight “expiration date” and this way, pushing consumers to dump the extra amount of food they are induced to purchase just to take advantage of such “special” offers.

 

The consequences

  • Significant quantities are wasted in retail and at the consumption level, with around 14% of food produced is lost between harvest and retail.
  • An estimated 17% of total global food production is wasted: 11% in households, 5% in the food service, and 2% in retail.
  • Food that is lost and wasted accounts for 38% of total energy usage in the global food system.

 

Not only the food is wasted…

The International Day meanwhile reiterates that food loss and waste undermine the sustainability of the world’s food systems.

“When food is lost or wasted, all the resources that were used to produce this food – including water, land, energy, labour and capital – go to waste.”

In addition, the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change.

Food loss and waste can also negatively impact food security and food availability, and contribute to increasing the cost of food.

The world specialised body: the Food and Agriculture Oranization (FAO), reports these facts:

  • Currently, 41.9% of the global population is unable to afford a healthy diet. That’s over 3 billion people.
  • An additional 1 billion people around the world are at risk of not affording a healthy diet if a shock caused their incomes to reduce by one-third. What if there was a disaster or an economic shock?
  • Furthermore, food costs could increase for up to 845 million people if a disruption to critical transport links were to occur.

In its report, FAO recalls that as the world’s population continues to grow, “the challenge should not be how to grow more food; but reducing food loss and waste” in a sustainable manner, is an immediate need if we are to maximise the use of food produced to feed and nourish more people.

Also, prioritising the reduction of food loss and waste is critical for the transition to sustainable food systems that enhance the efficient use of natural resources, lessen planetary impacts and ensure food security and nutrition.

And that reducing food waste is one of the most impactful climate solutions.

Having reported all that, who would dare to tell the one billion poor why they and their children go to bed hungry or undernourished, every single day, while the big business pundits are dressed in silky clothes, sitting in luxury offices, cashing skyrocketing salaries, and eating exquisitely selected food?