IBAX Network is an integrated blockchain infrastructure with extreme compatibility that adopts microservices. Having researched the basic blockchain features that unite Bitcoin, Ethereum, Grin, and other cryptocurrencies, IBAX commits to decentralized organization.
IBAX recognizes the foundation of value and sustainable development possibilities. These root not only in consensus but also in the patience and costs of all participants.
Based on the above, to design a self-governance network that integrates all the ecosystem participants, we use a nested consensus mechanism and a low-consumption mining model to decentralize hash power and return data ownership and monetization benefits to the ecosystem co-builders. All eligible co-builders can enjoy rights and interests such as governance, allocated hash power, storage, etc., without affecting the compatibility and efficient operation of the ecosystem.
IBAX Network is a practical enterprise-level service product based on a blockchain network and launched after years of experience in core fields like distributed parallel computing, PaaS, BaaS, data management, and secure encryption.