IBAX Network should be among the best blockchain projects come 2021 from all indications. The CLB feature is mind blowing and will be discussed in this article.
CLB is a node independent of IBAX Network that functions as an oracle. Our Architect says, “I simply love this feature. It opens the door to the world for IBAX Network.” Running as an independent node, CLB does not affect the performance of the Master Node. You can deploy CLB nodes and configure their performance flexibly according to your service needs. In a complete CLB application, there are independent smart contracts, operation interfaces, and database tables. Its operation interface may be an app coded in Weaver or a front-end interface implemented directly through API. CLB is designed to meet cross-chain needs. With the native data reading function and the asset lock and conversion features of smart contracts, external assets can become assets in IBAX ecoLibs.
In the course of use, to our surprise, we found out that CLB could do much more than this. CLB can not only obtain data from external systems through contracts but also process and format the data used by IBAX Network. For example, weather data, external authentication results, and even Bloomberg or Wikipedia data can be accessed for use on blockchain. We have also considered the possible change in the behavior of CLB smart contract trigger elements due to artificial reasons. Therefore, IBAX engineers integrated the onchain smart contracts with those in CLBs and realized Validated Binding. When a smart contract in CLB does not match a smart contract for on-chain verification, the CLB will no longer execute operations, which ensures and improves the users’ trust in ecoLibs running on CLB.
CLB-based applications give us plenty of room for imagination. The numerous data applications and data acquisition methods enabled by CLB are even more exciting than just realization of the cross-chain application itself.
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