A jump reactance current limiter is composed of a jump reactance, a degaussing circuit and a circuit for preventing the jump reactance from vibrating, wherein the jump reactance is composed of a main loop (1), a degaussing loop (2), a fixed core (3), a movable core (6) and a spring (5) between the two cores, and the main loop is connected with the power supply circuit in series to constitute a series loop; the degaussing circuit is composed of the degaussing loop, a degaussing switch (9), a stroke switch (10) and a stroke compression bar (11); the degaussing loop is wound on a bobbin bracket (8) having the same magnetic circuit core with the main magnetic circuit, and when the degaussing circuit is switched on, the netic potentials of the two loops is equal or reverse in the phase. When no short circuit is provided between the series loops, air gaps (12) are arranged between twp cores, and the jump reactance is the micro-impedance; which is provided with a short circuit, the two coresare closed, and the jump reactance is the high impedance. The invention is used as the initiative type protection key apparatus, which is widely used in the power system and the electric apparatus ofthe high level, the middle level and the low level.