AZBI NETWORK - Multichain system

Summary

AZBI network is a freshly designed, infrastructure level, multiple chains, public system. AZBI Network is supported by native and EVM. AZBI is airdropping 500 AZBI tokens to all the airdrop participants. All you have to do is joining their Telegram group, follow them on Twitter, and submit your details to the airdrop form to receive the AZBI tokens.

Native multiple chains

The core technologies underlining the AZBI Network comprises of native multiple chain architecture. This native multiple chains of the AZBI network support the EVM environment. This is carried out by POS-based consensus across multiple layers. This creates a scalable and open platform for the industry’s third-party developers.

How to get AZBI tokens?

● Visit the Azbi airdrop form to register the details.
● Join their Telegram group of AZBI
● Follow the AZBI page on Twitter and retweet one tweet.
● Submit the needed details to the airdrop form.
● After submission of the details, you will get 500 AZBI tokens.

General Rules for getting AZBI tokens

1. All participants should follow the AZBI network on Telegram.
2. All the reports required should be submitted within the timelines.
3. All the links to your work should be posted as a new post to the AZBI forum thread at the end of every week.
4. You should not quote or edit your previous week's report.
5. Do not use multiple accounts in this bounty campaign. It is strictly prohibited.
6. Participants having fake views, plagiarized articles, and copied videos are strictly prohibited.
7. All participants should use a personal wallet with a highly secured secret key.
8. Altering and using Third-party wallet address for bounty payments is strictly prohibited.
9. You have to submit a Post Proof of Authentication in the thread.

Smart Contracts

Smart contracts are issued by AZBI to support large-scaled enterprise-level applications with the AZBI network.

AZBI Network is the first blockchain that will support EVM on multiple chains of layered structures. Smart contracts usually supported by the child-chain method. The multiple chain approach is far superior to the previous child-chain method. The multiple chain network gets improvised by improved DApp supporting features.

The smart contracts of the AZBI network are mainly designed for non-native token users by using the technology cross-chain calling. The use of tokens is supported by AZBI network tools with an effective smart contract. The smart contracts also support BCH with the ERC20 protocol.

Data-driven knowledge graph

The tools provided of the AZBI network can be used on other blockchains and also ignites a smart contract on the network with tokens from other blockchains. A smart data-driven knowledge graph is used to acquire the tokens in the first instance through the toolkit. The tools activated to transfer the number of tokens from the AZBI network when the AZBI token number reaches a convertible number to the off-chain token. This activation consumes the corresponding amount of off-platform tokens for invoking the smart contract.

OP_RETURN

The smart contract will be carried by a took called the OP_RETURN. The OP_RETURN will carry a limited amount of information from the AZBI network. It is also used to add new instructions for carrying more information in the future. There comes a situation where all the set numbers of tokens are obtained and entitled. Now the tokens will follow the ERC20 protocol to be used to make the corresponding withdrawals. This invokes the smart contract. AZBI gives great support to issue tokens using the ERC20 protocol. This is because of AZBI is a great supporter of EVM. The AZBI network will have the capability to access a variety of external public blockchains.

Deflationary system

AZBI makes use of a unique deflationary system. The transaction of AZBI transferred is distributed as 1% is burned, 3% are transferred to the staking funds wallet, and 96% to the recipient. This transaction model ensures constant deflation and maintains the stability of the AZBI network.

POW based blockchain

There are two powerful mechanisms POW and POS mechanisms to verify transactions. Transactions will be verified and executed in serial numbers without any concern for the consensus garnered from either POW or POS transactions. Currently, the POW based blockchain is popular, since it can be used on the bitcoin network, and even on the ethereum network.

Transaction Mechanism

When there are many transactions and nodes transaction-level sharing can be employed automatically in the AZBI network to enable the inside sharing mechanism in a specific chain that has several nodes. For the execution of this sharing, the current time point is marked as being a new beginning. The AZBI network uses verifiable and random based functions that separate each of the nodes in the chains. These functions would divide nodes sequentially into groups referred to as execution groups.

Governance group

The governance group is created by selecting some of the qualified nodes to form a different group. The incoming transactions and sending transactions for different execution groups are determined based on the type of user and the category of user who created the request for initiation. The execution of the transaction is performed and verified internally to reach a transaction level consensus. After a set amount of time, the execution groups will submit the transaction lists from the groups for a consensus to be reached at the block level. The AZBI network uses EVM and solidity for the execution of smart contracts, for both the side chain and the main chain. This allows any EVM user to design and develop a new DApp, or migrate an existing DApp, quickly and easily.

Roadmap

Team

Conclusion

AZBI staking is currently live! To test the upcoming deflationary POS hybrid blockchain, you can also take part in staking. For more and latest information please visit: https://azbi.io/

For more information

Website: https://azbi.io/
Whitepapar: https://azbi.io/stake/azbi_wp_2020.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=5243303
Twitter: https://twitter.com/azbi_io
LinkedIn: https://www.linkedin.com/company/42436236
Medium: https://medium.com/@azbi
Telegram: https://t.me/azbi_io

Written by

K.Siva Arulmani
Bitcointalk Username: @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654

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