IBAX HAS UNIQUE PLATFORM ARCHITECTURE
IBAX which is one of the hottest new blockchain projects right now presents a unique platform architecture. This article showcases core aspects of IBAX platform architecture.
We define IBAX Network as an infrastructure for all applications of traditional centralized systems and traditional blockchain systems. The Layer 2 scheme adopted by IBAX Network abandons Bitcoin’s UTXO model and adopts the Account model that allows handling complex service logic and getting extensive support.
Therefore, IBAX Network is an underlying blockchain framework built with the innovative spirit and aiming to provide commercial value: ① Honor Node: Responsible for the data distribution, packaging and verification.
② Guardian Node: Responsible for full data synchronization.
③ Mint Node: Responsible for distributed storage and i-File storage, can work as distributed application servers.
④ Sub Node: Only synchronize relevant data with their own physical ecoLib, are built using the side chain concept.
⑤ CLB: The virtual CLB nodes outside IBAX Network operating as IBAX Network Oracles. CLB can be used to complete on-chain data interaction with systems of the same data structure as IBAX. It can also be used as a port for off-chain data requests and on- and off-chain data interactions witnessed by the consensus mechanism. P2P transmission of encrypted data, and thereby private data interaction, is possible between CLBs of different ecoLibs. This great functionality meets the mandatory compliance requirements on network security in different countries. IBAX Operating System Platform can truly complete connection with the off-chain environment. Cross-chain application is no longer a problem, too.
⑥ Smart contracts: The importance of smart contracts for blockchain is self-evident. Our R&D team has designed a brand new contract language called Needle. It has outstanding preprocessing and contract execution efficiency, supports nesting of multiple contracts, and handles complex contract logic freely.
⑦ Database: We use secure and efficient data storage and a relational database with an object-oriented design. Our R&D team has been constantly working on inclusion of a time-series database into IBAX Network. After we succeed, the theoretical handling capacity for complex services will be up to 1,000,000 TPS.
Useful 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