ABEYCHAIN 2.0 is the first working third generation public chain that solves the most important problem in the public chain space: the “Impossible Triangle”. It commenced in March 2021, and now has over thousands of unique users to its ecosystem. After being released at the AIBC 2021 Summit in Dubai, more insights are now available about the functions that this new technology offers.
The platform aims to disrupt the current Proof of Stake methodology that makes it easier for a larger stakeholder to expand their token stake faster than a smaller stakeholder. Since that large stakeholder can mine or validate block transactions depending on the number of coins they hold, they have more mining power than someone with fewer coins. This leads to centralization of mining where the rich get richer.
The platform aims to offer a secure storage server and distribution network that safeguards data from hacks and technical problems. Moreover, ABEY storage is spread in various servers over the globe in different nodes. These data are encrypted such that it could not be hacked. This storage system will be an open, fair, honest data storage solution with no central points of failure.
ABEY...
This article was first published on coinquora.com
