EXPLORING THE ADVANTAGES OF THE AZBI NETWORK

The world has always gone through technological innovations, from making cars to having virtual meetings and possessing digital assets. Virtual Reality, neural network training, Artificial Intelligence, Blockchain are leading technological innovations of this decade. Blockchain technology is exceptional, as it can just be part of any technology and make it safer and cheaper to use/build. The world is moving towards the uses of blockchains in day to day activities, and people are starting to lean heavily on digital currencies. The race to be the global blockchain that can serve the world’s needs have led to fierce competitions between companies on making the best blockchain. These have been very interesting developments, as some blockchain platforms have folded before actually starting out. Some cannot cope with the demands of everyday transactions from millions of users, and have chosen to make their blockchains permissioned. As the race tightens and the world edges closer to mass global blockchain adoption, one has to lean towards the blockchains with the brightest future, displayed not just in technical papers. One of these blockchains to particularly consider is AZBI Blockchain.
AZBI Network is an open, scalable, multi layered multichain blockchain system that hopes to support other platforms in achieving interoperability by using the Ethereum Virtual Machine (EVM) and its native chain. This means that the AZBI Network can support several chains at different levels and enable cross chain transactions between them. The multichain method is distinguished from the child chain method where smart contracts are just restricted to an independent function. The AZBI network makes use of a process called Cross Chain calling to support interoperability between two chains. It acts as a horizontal layer between two independent chains and ensures smooth cross chain interaction between them. A smart contract is created during this process on the main blockchain using the blockchain tokens. When the conditions of the smart contract have been fulfilled, the tokens are converted to AZBI tokens to serve as transaction fees for the smart contract created. The AZBI network supports any token containing the ERC20 Protocol by using the EVM.
AZBI Network uses the Proof of Stake (PoS) consensus mechanism to achieve scalability and security on its network. Sharding mechanisms are also employed where there are several transactions on the network. Transactions are executed in the order to which they occur. AZBI Network supports the creation of child chains from main chains. The child chains operate independent of the main chain and this independence serves both the main chain and the child chain such that the pressure of storage is reduced from the main chain. Also, the child chain will be less vulnerable if the main chain is subjected to hacks.

ADVANTAGES OF AZBI NETWORK
i) Secure Cross chain Transactions: The AZBI network is secure and supports cross chain transactions between main chains and side chains
ii) Scalability: Transactions are carried out as fast as possible on the AZBI Network through sharding
iii) EVM Supportive: EVM supports solidity, a common programming language. AZBI Network uses EVM to build smart contracts. This makes it interoperable with any ERC20 supporting platform.
iv) Cost Effective: the AZBI network is designed to be cost effective and transparent.

AZBI TOKEN
The AZBI token (symbol: AZBI) is the cryptocurrency of the network. It will serve as the currency of the multichain system. It will be used to pay for transaction fees, used during cross chain transactions, and mined in the proof of stake algorithm mechanism. The total supply of the token is 20,000,000,000. AZBI is already listed on exchanges.

AZBI TOKEN DEFLATIONARY SYSTEM AND STAKING
The AZBI token has a unique deflationary system where 4% of any total token transferred is cut off from the system. 1% of these tokens are burnt and the remaining 3% are staked automatically in the system. The remaining 96% is then sent to the recipient. The purpose of this system is to maintain a healthy transaction and supply of the coin. The AZBI Network also operates a staking platform where the participants are paid an annual interest of 20% on their invested tokens. This feature is currently active on the network’s website at Https://azbi.io/stake/

CONCLUSION
The AZBI network has come to stay. The need for cross chain interactions between blockchains can never be underestimated. A system that can support multiple chain interactions is surely, one of the blockchains of the future.
For more information, please visit the
Website: Https://azbi.io
Telegram: Https://t.me/azbi_io