From Europe to Global: CAIZ’s IFBA Innovation Now Operates in 99 Countries

Bratislava, Date – CAIZ, the first fiqh-compliant blockchain ecosystem, is once again attracting major attention by publicly announcing its new global reach. The Islamic Federated Byzantine Agreement (IFBA), an innovative consensus mechanism designed by CAIZ, has effectively extended its footprint over 99 nations, marking an important turning point and a milestone for the entire cryptocurrency world.

Consensus building and mechanisms among decentralized nodes continue to be an ongoing challenge in the expanded sector of blockchain technology. By creating and developing the IFBA consensus mechanism, CAIZ is positioning itself as a leader in the sector, demonstrating a firm drive to tackle this challenge efficiently with presenting great outcomes. The newly developed system adheres to Islamic principles while optimizing technical consensus and procedures. The IFBA consensus mechanism, which introduces three important developments, holds the perspective to completely change both the blockchain and cryptocurrency industries in an ethical way that is technologically advanced.

The Triple Innovation of the IFBA by CAIZ

1. Islamic Supervisory Nodes: a dedicated network of nodes monitored by eminent Islamic scholars, constitute a key element of CAIZ’s IFBA successes. These nodes are in charge of maintaining the blockchain’s ethical and moral high standards, ensuring that every transaction complies with Islamic Financial Principles. As a result, the blockchain developed by CAIZ emerges as a digital domain sign of immutable and tracked accountability.

2. Verified Public Nodes: transparency and accountability have always been fundamental pillars of a resilient blockchain ecosystem. CAIZ further strengthens these principles by incorporating verified public nodes into its infrastructure. These nodes serve as diligent guardians, meticulously monitoring transactions and bolstering the overall trustworthiness of the blockchain network.

3. The Caiz Consensus Protocol: presents an efficient structure enabling nodes to reach consensus while preserving the tenets of Islamic Finance by being at the center of IFBA’s functionality. This protocol, which forms the nucleus of the IFBA system, ensures the smooth running of the CAIZ blockchain and fully adherence to Fiqh compliance.

Each of the three innovations outlined above have significantly set…