According to the developers, JAM is a minimalist blockchain concept designed to support secure, unified domain-oriented chains and offer synchronous composability between services.
To encourage the development of the protocol, the Web3 Foundation has established the JAM Implementer’s Prize. The fund allocated for creating diverse implementations of JAM amounts to $10 million DOT.
This initiative aims to enhance the scalability and flexibility of blockchain applications by integrating elements of Polkadot and Ethereum to improve efficiency.