It is quite easy for users, even common users, to create an ecoLib of their own on the IBAX Network System Platform. We have integrated and developed an application where ecoLib creation takes just one click.
When creating an ecoLib, you can configure the ecosystem parameters and rules, and set the administrator account and charging model. Most importantly, to apply the DPoA consensus within ecoLibs better, creators can set it up by writing or importing their own contracts.
We support quick emission of ecoLib tokens by importing contract templates.
Due to the differences in consensus and management permissions, ecoLibs fall into decentralized and centralized ones. They have no specific advantage or disadvantage by type. You should choose the appropriate one against your service needs. What to do if it is OK for now but not for the future? You can change ecoLib parameters, even the consensus mechanism, token, and governance method, on the IBAX Network System Platform. You can leave it all to the self-governance mechanism maintained by the ecoLib administrator or members (depending on the ecoLib type).
On the IBAX Network System Platform, an ecoLib has complete data control permissions and permissions to design and access independent database tables and fields. In the data control permission design, we support triggering when a field satisfies a logical expression. This feature allows for imagination space in special services like monitoring, logic satisfaction, and triggering by time and specific conditions.
In an ecoLib, you can write your own contracts without any restrictions. For details on smart contracts.
There may be multiple DApps in an ecoLib, and each of them can have independent parameters. An ecoLib is like a platform where you can implement anything you want.
To learn more, kindly check this links below
Website: https://ibax.io
Global Partner Recruitment: https://forms.gle/uahzDWJcU4ifs4zFA/
Whitepaper: https://bit.ly/3fGERao
Twitter: https://twitter.com/IbaxNetwork
Linkedin: https://www.linkedin.com/company/68016504/
Medium: https://medium.com/@ibaxnetwork