SMART CONTRACTS JUST GOT BETTER ACROSS THE BLOCKCHAIN.

in #azbi4 years ago

The emergence of the internet, media and the social age has brought about various advancement to the world at large. One of the most viable advancement in recent years is the blockchain of which its working principles has made it vastly popular. The use of blockchain has been gradually implemented in every parts of human lives and major areas of interest example includes blockchain application in insurance, banking system, Financial Technology (Fintech) , social media platform etc.

One major area of interest to be discussed is the application of blockchain in Fintech; in which a great example is the creation of bitcoin to solve finance problems as being a peer to peer cryptocurrency method of payment. Afterwards, was the emergence of ethereum which was created to profer solutions to the shortcomings of bitcoin. This is where smart contracts came about. smart contracts involves the exchange of assets and funds which all balls down to Finance. The blockchain creates a new economic blueprint that manifests as a digital based currency which is represented through many different cryptocurrencies, or a digital asset that can be seen through the use of a smart contract. Blockchain and digital currency record payment transactions within the distributed ledger based accounting system. Users are able to customise smart contract rules and create a code that complies with the logic they want to dictate the transaction.

In as much as the implementation of smart contracts sounds awesome and has opened ways for several compnies and industry in the blockchain world, there are several problems that lies with smart contracts that needs to be taken note of;

  1. Firstly, there is lack of effective Oracle that is not unified across platforms which thereby creates wasted resources and in general complicates transactions.

  2. Large scale transactions lack sufficient levels of support. Single strand competition creates a wasted level of resources in terms of browsing and complicates the restoration of transaction.

  3. There is an increased demand for support that exists across multiple chains. Compatibility of platforms is an issue for smart contracts.

The problem of having competitions across chain with lack of sufficient support brings about wasted resources and complicates the transaction. I believe smart contracts should be getting better not worse. Therefore these problems needs to be solved. On this note, i will be introducing AZBI Network.

WHAT IS AZBI NETWORK?
The AZBI Network is an infrastructure level, multiple chain, public system which has native support and EVM (Ethereum Virtual Machine), which creates a scalable and an open platform for the industry's third party developers. Also, large scaled enterprise level applications are possible with the AZBI Network through the use of smart contracts. Core technologies which underline the AZBI Network includes native multiple chain architecture which supports the EVM environment through a POS based consensus across a multiple layer.

As multiple chains become more prevalent the storage capabilities and computer power linearly increases. AZBI Network is the first blockchain that will support EVM on a multiple chain layered structure. The multiple chain approach is far superior than the previous child-chain method which commonly supports smart contracts and benefits by the improved DApp supporting features.

For more detailed information about How AZBI works, see Whitepaper link below.

FEATURES OF AZBI
The AZBI network features different functionalities such as:

  1. POS for commercial use.

  2. A secure, reliable and protected platform
    A

  3. dedicated AZBI dev platform.

  4. High performance blockchain

  5. Smart contract support.

  6. Deflationary system with community voting.

ABOUT AZBI TOKEN
Ticker: AZBI
Token type: Ethereum
ICO token price: 1 AZBI = 0.000005 ETH
Fundraising goal: 10,000 ETH
Token sale available: 20,000 000 AZBI
Accepted: ETH

DISTRIBUTION
Public Sale: 10.00%
Team: 25.00%
Personal Sales: 20.00%
Staking: 20.00%
Bounty and Air Drop: 5.00%
Platform Development: 20.00%

For more information, visit the following Links:
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: Bright_dhykseen
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2805715

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