Azbi Technology - Deflaction & Staking System
The AZBI network innovates smart contracts for non-native token users through cross chain calling. The smart contract uses AZBI network tools to support use of tokens and BCH with ERC20 protocol.
The basic idea is that the tools provided by the network are used on other blockchains and ignites a smart contract on the network with tokens from other blockchains, the tokens will be acquired in the first instance through the toolkit by way of a smart data driven knowledge graph.
When the AZBItoken number reaches a convertible number to the off chain token, the tools will act to transfer that number of tokens from the AZBI network to consume the corresponding amount of off platform tokens for invoking the smart contract.
The smart contract will be carried by a took called the OP_RETURN, which will carry a limited amount of information and will be used to add new instructions for carrying further information in the future.
After a set number of tokens are obtained and entitled, tokens which follow the ERC20 protocol can be used to make the corresponding withdrawals and invoke the smart contract. As the AZBI is supportive of EVM it can support issuing tokens which follow ERC20 protocol. The AZBI network will have the ability to access a variety of external public blockchains.
Transactions will be verified and executed in serial number without any concern for the consensus garnered from either the POW or POS mechanisms.
Currently, the POW based blockchain is popular, such as can be seen on the Bitcoin network, and even on the Ethereum network. Mining consumes a lot of time and that time factor is more than just the time required to verify and to execute any transaction.
Azbi utilises unique deflationary system: during each AZBI transfer 1% is burned, 3% are transferred to the staking funds wallet and 96% to the recipient. Such model ensures constant deflation and stability of the AZBI network. Staking rate is currently set at 20% pa and staking is accessible at
https://azbi.io/stake/
AZBI TOKEN
Contract address: 0x21efe20be784ac5da569f72070e64525f95ccab6
Symbol: AZBI
Decimals: 18
Total supply: 20 000 000 000 AZBI
There is a POS mechanism on the AZBI network which is used for each chain which acts to increase the efficiency in forming blocks and packaging transactions. Mining time lags are also avoided, and operation efficiency is improved overall. Since Non-Turing complete script languages were implemented to Java, Nodejs and Go, blockchains were able to support smart contracts through a wide variety of ways. EVM acts to support Solidity, which is a new language; EVM completes business logic, taking control of instructions and being able to stop any type of malicious code logic.
Calculations are transparent and the cost is reasonable for the calling of smart contracts through instruction execution and consumption of memory. There are a complete set of RPC mechanisms on EVM + Solidity, which perfectly supports the Nodejs Truffle framework, allowing for easy access and programming convenience.
Manual staking Tutorial
https://medium.com/@azbi/azbi-staking-manual-bdfe10a2d96
https://azbi.io/
https://t.me/azbi_io
https://twitter.com/azbi_io
https://www.linkedin.com/company/42436236
https://medium.com/@azbi
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