Wednesday, May 29, 2024

Multi-Layered Programmable Blockchain ABEY, Showed up at the AIBC Summit

The leading public chain with a Proof of Work + DPoS hybrid consensus mechanism, ABEY, was there at the AIBC Summit. ABEY specializes in building decentralized applications, business use cases, and attaining cross-chain interoperability.

Back in the month of April, the ABEY Foundation introduced the ABEY 2.0 Blockchain, ABEYCHAIN. Talking about ABEYCHAIN, it is the first fully operational, third-generation public chain built to provide solutions to one of the most pressing challenges in the public chain space.

What makes ABEYCHAIN a thing of the future is its speed of executing transactions due to its hybrid approach to consensus, featuring a delegated PoS chain with an added layer of security in the form of a separate PoW chain that authenticates transactions executed by the dPoS chain by the dPoS Committee elected by ABEY 2.0 token holders.

ABEY Platform Contributes Significantly to Interoperability

Though there are numerous blockchains present in the market as we talk, ABEYCHAIN has been developed in a way that facilitates interoperability at another level. This clearly implies that a variety of high-quality crypto assets native to other blockchains can be seamlessly transferred onto or processed through the ABEYCHAIN without witnessing any notable delays.

In addition to this, it should be noted that ABEYCHAIN has been into mining too, and the users will be allowed to utilize ABEY to buy T/Hash power for mining the largest cryptocurrency in the world, Bitcoin, and the second-largest cryptocurrency in the world, Ethereum.

Moreover, ABEY is designed specifically to extend support to decentralized applications and that is the sole reason why developers are looking forward to building decentralized applications, use cases for businesses, smart contracts, and even achieving cross-chain interoperability all in one seamless and easy to use blockchain ecosystem

As per the data obtained from the official website of ABEYCHAIN, the platform is dedicated to acting as a bridge between the digital world and the real world.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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