Jackal Protocol (JKL)

Data Storage

Jackal Protocol provides decentralized, secure, and scalable cloud storage. It removes middlemen, allowing users to store data directly on the blockchain with self-custody, meaning only the user controls their data.

Developer Tools

Developers can build decentralized applications (dApps) that interact with Jackal’s storage contracts and file structures. They can customize data ownership, share encrypted data, and transfer files without relying on centralized providers.

Cross-Chain Functionality

Jackal works across multiple blockchains connected by the Inter-Blockchain Communication (IBC) protocol. This allows users and developers to access Jackal’s storage services from various blockchain networks with a simple smart contract call.

Network Security and Governance

The JKL token powers the network by enabling staking, governance participation, transaction fees, and rewarding storage providers. This helps secure the network and manage decentralized infrastructure.

Use Cases

• Backup and disaster recovery for businesses
• Privacy-focused social media data storage
• Hot storage for fast access to data
• Enabling decentralized apps with integrated storage

Jackal Protocol is designed to be a flexible, interoperable, and user-controlled data storage solution for individuals, developers, and enterprises.

Pros

• Decentralized Storage: Jackal Protocol offers a decentralized cloud storage system, removing middlemen and giving users full control over their data.
• Security & Privacy: Uses advanced cryptography and end-to-end encryption, ensuring data is self-custodial and inaccessible even to the Jackal team.
• Interoperability: Built on Cosmos with Inter-Blockchain Communication (IBC), it allows seamless storage access across multiple blockchains.
• Scalability: Operates on a Proof-of-Stake consensus, supporting fast, scalable, and cost-effective transactions.
• Developer Friendly: Provides modules for easy integration, including storage contracts, file structures, and smart contract execution.
• Long-Term Storage Plans: Users can purchase storage plans ranging from a month to billions of years, with pricing governed by the protocol.
• Proof-of-Persistence & Data Availability: Uses JPOP and IDOL protocols to ensure data is stored persistently and available, with penalties for storage providers who fail to maintain data.

Cons

• New and Evolving: As a relatively new chain, some apps and features are still being updated and improved.
• Market Volatility: The token price has shown fluctuations, with recent price drops from all-time highs.
• Competition: Faces competition from other decentralized storage projects like Arweave and Filecoin.
• User Experience: Some users may find the ecosystem and tools complex until fully matured and streamlined.
• Storage Provider Dependence: Data availability depends on storage providers meeting proof requirements, which can lead to contract burns if not maintained.

For more details, visit the official site: jackalprotocol.com

Founders

Jackal Protocol was founded by Patrick Dunlop and Marston Connell. Both have backgrounds in digital forensics and cybersecurity.

Investors in Jackal Protocol

Jackal Protocol has two main institutional investors:

• Contango
• Builder Capital

These investors have contributed funding to support the development and growth of Jackal Protocol.

Halal Status of Jackal Protocol

• Yes or No: There is no official or widely recognized halal certification or ruling specifically for Jackal Protocol.
• Reason: Halal status typically depends on compliance with Islamic finance principles, such as the absence of interest (riba), gambling (maysir), and unethical practices. Jackal Protocol is a decentralized data storage blockchain platform and does not explicitly state compliance with these principles or have halal certification.
• Summary: Without formal halal certification or clear compliance with Islamic financial rules, it cannot be confirmed as halal.