Underlying technology and blockchain protocol

The IAXIA Blockchain is a fundamental aspect of our project, providing a secure and decentralized infrastructure to support the IAXIA Network's growth and functionalities. Our blockchain will be created as a fork of the Ethereum blockchain, which will allow for the migration of current contracts and provide support for today's blockchain developers.

At the core of our blockchain is the IAX20 protocol, which will serve as the foundation for our network's operations. As we progress through the development phase, more details about the protocol and its features will be disclosed to the community.

As a forward-thinking project, we are continuously exploring and testing new concepts to enhance the existing technology. Our goal is to improve and innovate wherever possible, ensuring that our blockchain offers cutting-edge solutions to the challenges faced by the crypto space.

We value the input of our community members and will actively seek their suggestions and feedback. By listening to our community, we can identify areas of improvement and potentially integrate features that will enhance the standard ERC20/BEP20 protocol.

Now, let's dive into what a blockchain is and why it plays a pivotal role in the world of cryptocurrencies.

A blockchain is a distributed ledger system that ensures the integrity and immutability of data stored within it. It operates in a way that makes it extremely difficult or even impossible to alter or tamper with the recorded information. This is achieved through cryptographic techniques that secure the data within each block.

In a blockchain, each block contains a group of transactions, and every new transaction is added to all participants' ledgers across the network. This decentralized nature of the database is known as Distributed Ledger Technology (DLT).

One of the core features of a blockchain is its immutability. Once a transaction is recorded and confirmed by the network, it becomes a permanent and unchangeable part of the blockchain's history. This ensures transparency and trust among participants as everyone can verify the entire transaction history.

The introduction of Bitcoin was a groundbreaking moment in the financial world as it solved the trust issue that hindered the success of previous digital money attempts. Traditional databases, such as SQL databases, are centralized and controlled by an authority that can manipulate the data. In contrast, a blockchain operates without a central authority, relying on consensus mechanisms to validate transactions.

Bitcoin's blockchain, for instance, is maintained by a network of nodes that follow specific rules to validate and add transactions to the chain. This decentralized governance makes it highly secure and resistant to fraudulent activities.

The use of cryptographic signatures, known as hashes, ensures the integrity of each block and the entire blockchain. This cryptographic security prevents data from being altered or tampered with, making it a reliable and trustworthy system for storing and transferring value.

Overall, the IAXIA Blockchain will serve as the backbone of our ecosystem, providing a robust and secure foundation for all the utilities, features, and projects that will be built on the IAXIA Network. By leveraging the power of blockchain technology, we aim to create a cooperative and innovative environment that fosters growth, stability, and prosperity for all our community members.