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What is JKL?
At its core, Jackal Protocol is dedicated to delivering decentralised data storage services. Unlike conventional centralised storage solutions that are vulnerable to failures and breaches, Jackal offers a distributed model that enhances security and accessibility. Operating on a Proof-of-Stake (PoS) consensus mechanism, the protocol guarantees scalability and stability, essential for supporting a growing user base and increasing data demands.
Jackal Protocol utilises its native utility token, JKL, which plays a multifaceted role within the ecosystem. Primarily, JKL is used for transaction processing, covering data storage fees, incentivising validator node operations, and participating in governance votes that determine resource allocation across the network.
For details, please read: What is Jackal Protocol?
