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INTRODUCTION
Blockchain technology, has been discovered to have more potential than its operations in the financial industry. For this, many platforms have created networks that focus on various niches. There are platforms that focus on data management, some others on healthcare, some on data management, and many others. Many of these platforms are built on the ERC project. This allows for the development of smart contracts and dApps.
Notably, these dApps are specific in their approach and the smart contracts only function with regards to the platform’s products and services. There has never been a smart contract or dApp that enables the development of other systems. This has largely reduced the activities of third party developers and limited idea and value sharing in the crypto industry.
THE AZBI NETWORK
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The AZBI network is a newly created, infrastructure driven, multiple chain, public system. It was created with a native support and Ethereum virtual machine. This enables the creation of scalable and an open platform for the industry’s third party developers. The AZBI network will create smart contracts that can function on a multiple chain scale. This will foster the incorporation and development of large scaled enterprise level applications. These applications will be developed through the smart contract protocol.
THE TECHNOLOGY MAKEUP OF THE AZBI NETWORK
The AZBI network is characterized by some prominent core technologies. This technologies include native multiple chain architecture. This helps to facilitate the Ethereum virtual machine environment through the proof of work consensus mechanism across all involved chains.
AZBI CHAIN ARCHITECTURE
The AZBI network envisages a great level of participation of various chains. In essence, the network will lay a foundation for other ideas to build the crypto smart contracts.
The AZBI network envisions to utilize a multiple chain approach. This approach has greater merits when compared to the previous child-chain method. Although this child chain method supports smart contracts and has performed well in the past for dApps. The newer multiple chain approach allows the main chain to execute a request which is followed by the generation of a block MP.
The new child chain on the AZBI network will generate an initial node to the MP block. This will contain the code of the smart contract. This code represents the numeric computer equivalence of the smart contract encoded rules. When the network receives a request on the network, it is analyzed within the network through the next set of child block chains. This request is subjected to some network semantics, which makes it flexible and grow to the level required for the total execution of the running smart contracts.
In the AZBI network, when the smart contracts are upgraded on the chain, the newest block generated will carry the binary code for the most recent smart contract.
CONCLUSION
The AZBI network is self sufficient. However, it goes further to ensure it makes other tokens perform better. Transactions are being completed on the network. But the larger focus is on the use of smart contracts. This smart contracts will encompass multiple functional chain. It will be a public system that will open up the use of smart contracts for greater purposes with the transparency and security of assets not being jeopardized.
For more information, click the links below;
website: https://azbi.io/
Whitepaper: https://azbi.io/stake/azbi_wp_2020.pdf
Medium: https://medium.com/@azbi
Linkedin: https://www.linkedin.com/company/42436236
Twitter: https://twitter.com/azbi_io
Telegram Official: https://t.me/azbi_io
Telegram Bounty: https://t.me/azbi_bounty
AUTHOR
Bitcointalk Username: Intertek
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2760026;sa=summary