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AXIS Token International Introduces Layer 2 Blockchain

AXIS Token International Introduces Layer 2 Blockchain

The platform provides low-cost data protection and NFT creation for industries ranging from supply chain to insurance to fine arts.

The main goal of AXIS Chain is to provide companies with a foundation to move from traditional storage systems to a decentralized environment, providing additional security.”

— Elvis Rodriguez | LaneAxis Lead Engineer

KAMANA BAY, CAYMAN ISLANDS, November 15, 2022 /EINPresswire.com/ — AXIS Token International, a joint partner of LaneAxis Inc., the industry’s first blockchain-based direct freight network, today announces the launch of its Level 2 (L2) blockchain, AXIS network. Protecting and optimizing data storage for everyday business using blockchain is a new frontier in the world of technology. AXIS Chain offers a wide range of real world applications enabling companies to use blockchain and Web3 technology. It is essential that enterprises move from traditional and vulnerable single-point repositories for storing information to an immutable ledger, the next generation 3.0 technology.

The newly developed AXIS chain is an advanced network that uses the Lachesis Consensus Algorithm (LCA) protocol for added security and an L2 network for improved data storage and transactions per second. The energy-efficient Proof-of-Stake protocol secures the network, allowing the staking party to become validators and help ensure the control and security of the AXIS chain. The information entered into the AXIS chain is stored in blocks, which are then placed in nodes and thus verified and linked to each other to secure the data in each block. The AXIS Network uses advanced security techniques and is a fast L2 solution that makes blockchain and web 3.0 technology available to businesses of all sizes and in many industries.

“Our joint partnership agreement with ATI is another major step forward in our mission to eliminate inefficiencies, reduce costs, and build the next generation technology foundation for the next century,” said Elvis Rodriguez, CTO of LaneAxis. “The aggregation and protection of company and industry data is critical to our success. The ability to create new decentralized applications (dApps) on AXIS Chain is also a key benefit for developers looking to create new and useful applications.”

The decentralized AXIS Chain aims to make traditional databases obsolete through the use of “oracles” that connect the L2 blockchain to external systems and other blockchains, enabling critical interoperability and allowing the AXIS chain to execute smart contracts based on real inputs. . Initial applications for AXIS Chain focus on the $15 trillion global supply chain, the multi-trillion dollar insurance sector, and the physical and digital arts sector.

Digitizing documents is a quick and easy process. Once adopted and implemented, AXIS Chain becomes an invaluable tool for addressing security/privacy issues with its immutable ledger and smart contract that prevents fraud or data manipulation.

AXIS Chain provides many features that allow users to use the network for various purposes:
-Security: Store information on-chain with validators that protect all information on-chain.
-Scalability: A custom-built blockchain with high scalability as network usage and activity grows over time.
-Increased Transaction Throughput: Significantly increased the speed of transactions (transactions per second or “TPS”) with significantly lower transaction fees (gas).
than a typical layer 1 blockchain.
-Staking: Validators help increase chain security by staking the AXIS token while earning staking rewards.
-NFT: NFT mints for a variety of purposes including verifying insurance certificates and digitizing the world’s finest art – and
irreplaceable – masterpieces.
– Developer Experience: Build an AXIS chain using your favorite tools and preferred developer language.
– Decentralized data storage: store data on the AXIS chain with a significantly reduced environmental impact (using energy efficient proof of stake
consensus mechanism, as opposed to the energy-intensive Proof-of-Work consensus mechanism.”
-Compatibility: Built on the same coding language as Ethereum. AXIS is compatible with all existing Ethereum DEXs, projects and protocols.

“AXIS Chain’s main goal is to provide companies with the infrastructure and foundation to move from traditional storage systems to a decentralized environment, providing security and protection using the Proof-of-Stake consensus protocol,” adds Rodriguez. “The more businesses use the chain, the more secure it will become – and the more secure the user documentation will be.”

The AXIS Network will be limitless in its ability to create new dApps and provide businesses and individuals with new experiences that are not bound by traditional technological limitations. To learn more visit https://axischain.network/

ABOUT AXIS TOKEN INTERNATIONAL

AXIS Chain is a layer 2 public blockchain aimed at bridging the gap between real business challenges and next-generation Web3 technologies that decentralize, democratize, and permanently secure documents and data, just to name a few. Based on the need to provide cost-effective solutions for document integrity, data immutability, and smart contract automation, AXIS Chain is a premier Web3 platform built to enhance and secure the business processes of companies and industries around the world. AXIS Token International (ATI) is a private company based in the Cayman Islands.

Sofia Shpiler
On behalf of AXIS Token International
laneaxis@trustrelations.agency
+1 (315) 395-1877

Written by khirou

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