IBAX Coin Economic value
I've been researching new cool blockchain projects and I found IBAX. IBAX is a new blockchain project with so much value packed revamped features. Here is a brief on IBAX coin economic value
IBAX Network is committed to building a secure and efficient blockchain framework that is user-friendly for service applications. To achieve this, IBAX has thoroughly investigated the most popular usage patterns, underlying technologies, and platforms in the market since 2015. IBAX goal is to provide cloud users with a simple and smooth experience and minimize the conversion costs so that integrated applications on IBAX Network can be used in user solutions.
The nested consensus and creative DPoA were invented in the absence of a trusted execution environment. Look at Bitcoin. It requires every miner, even an attacker, to solve an extremely difficult task (calculate a hash) before becoming the next consensus leader. However, with the help of IBAX’s effective nested Proof of Work (PoW) consensus, every miner can perform general-purpose tasks.
Besides, these miners form a large network of independent serverless computing units and IBAX can build decentralized cloud computing services based on it. Serverless architectures are a popular design for cloud terminals. By using it, developers can focus on the core logic of service requirements without worrying about server management and operation.
According to Amazon Cloud Services (AWS), “A serverless architecture is a way to build and run applications and services without having to manage infrastructure. Your application still runs on servers, but all the server management is done by AWS.” On IBAX, we use the three-layer distributed cloud computing design and organize and operate these layers as a system. The blockchain infrastructure is the underlying layer of IBAX’s distributed cloud computing design. It provides general blockchain functions other than mining, such as RPC request servicing, block maintenance, or transactions. All DApps built on IBAX blockchain are directly related to this layer. Due to the inefficiency of Ethereum, we also use multiple blockchains and the Cross Ledgers Base (CLB) structure to improve the throughput of smart contracts and interact across systems.
Project links
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/
Facebook：https://www.facebook.com/ibaxproject
Medium: https://medium.com/@ibaxnetwork