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Neosify - Buy, Stake & Earn Crypto

General Review of AZBI network , a Multi-chain Public Blockchain system .

By Decentraliza | BlockchainWorld | 5 May 2020




As blockchain industry grows, different innovative project springs out from the space in which their motive is to provide solutions to our real life problems. One of the basic reason why people still finding it hard to adopt cryptocurrencies is the complexity attached to the use . Mostly people complain about unfriendly user interface, low speed, costly transaction fee and low scalability .All these loopholes needs to be corrected before cryptocurrencies could reach main stream and universally adopted.All neccesary infrastructures required to simplify the use of these currencies must be developed .In a bid to solve part of the part in the blockchain space,the team of Azbi Network has developed a new infrastructure , a blockchain network system and multichain system which supports (EVM).In this article,i will be broadly discussing about an innovative public and multichain blockchain system which tends to solves the problem of scalability .The Multi-chain approach of Azbi Network is far superior that the general child chain system that mostly support smart contracts with advanced DApp support features.


About Azbi Network
The interoperability structure of Azbi network is a unique innovation in Blockchain space. AZBI has local support and the EVM which are responsible for the network scalability and Public platform for the third party developers. The platform is opened for a third party developers who want to develop projects and DApps on Azbi platform .Azbi Network opened room for Large scale enterprises application through the use of Smart Contracts.The major underlying technology of AZBI network are the multiple chain architecture that supports EVM environment via Proof of Stake (PoS) Consensus through the multiple layers.The more multiple chains becomes dominated, Storage capacity and the computer power increases together.AZBI network multiple chain approach is more efficient that the existing child chain system which usually supports smart contracts.

Explaining AZBI Multichain Technology
AZBI blockchain has developed a smart contract for external token users via cross chain calling . This smart contract implements AZBI network mechanism in supporting use of tokens such as ERC20 protocol and BCH powered token. The mechanism offered by AZBI network are being implements on other blockchain which ignites smart contracts on the network with tokens from external blockchains.These tokens are acquires through the toolkit by Smart data driven knowledge graph.T

AZBI Network Smart Contracts

Smart Contracts are being carried by tools called OP-RETURN which transfers limited information which will also be used in adding new instructions for executing further instruction in the future. After some tokens are being obtained and entitled ERC20 protocol token will be used for invoking the smart contract and making corresponding withdrawals .AZBI being supportive to EVP can be used in issuing ERC20 compatible tokens .AZBI network have full capacity to access different external public blockchains. Transactions are verified and executed serially with any worry about consensus emanated from either PoW or PoS mechanism.Proof of Work (PoW) based blockchain is a very popular system adopted by Ethereum and Bitcoin Network . Mining with this Consensus algorithm takes lots of time to verify transactions.


AZBI Blockchain Deflationary Concept
The Blockchain AZBI implements deflationary system that works this way: Each AZBI token transafer requires 1% of it to be burned while 3% are moved to the staking fund wallets and the rest 96% goes to the recipients .This is a very brilliant model adopted by AZBI network .This system will ensure price stability and constant deflation in the Network . As as the moment am writing this article the staking take of AZBI network is set at 20% per annum . The Staking platform is live and running and can be access via this website :https://Azbi.Io/Stake/



AZBI Official Resources
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