Press Releases

ABEYCHAIN 2.0 Upgrades the Storage To Become the Finest Solution for Blockchain Challenges

The ABEY Foundation makes a significant contribution of governance and research to the ABEYCHAIN 2.0 while ensuring the core technology's credibility.
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ABEYCHAIN 2.0 is a leading public chain that brings up new technology using a hybrid consensus incorporating DPoS and PoW, to solve the biggest problem confronting permissionless blockchains: the trade-off between decentralization and efficiency.

Please Note: This is a Press Release

ABEYCHAIN 2.0 was launched in March 2021, our aim is to provide a secured storage server and distribution network that safeguards data from hacking and other technical issues. The data cannot be hacked as they are encrypted. Our storage system is a transparent, and honest data storage solution without any central points of failure.

Our platform is the first working third generation public chain to solve the “Impossible Triangle,” the most important problem in the public chain space.

Relationship Between ABEYCHAIN 2.0 Storage Token and Filecoin

 A cross-chain asset relationship like Abey and Filecoin does not match with any other blockchain project. Filecoin was the first to provide an incentive layer to IPFS, which is a peer-to-peer network and protocol for storing and sharing data in a distributed file system.

Miners receive FIL rewards for storing and retrieving files on IPFS. Moreover, miners will be fined and banned from the network if they fail to comply. The ABEY storage network will solve the issue with an advanced alternate data storage platform with the IPFS.

In addition, miners of ABEY can also mine AST, which means they can contribute storage capacity from their servers as a result they receive AST. It has 100% parity with FIL and can be traded at the same price (1:1) as Filecoin right away. AST has 100% liquidity and is issued on ABEYCHAIN 2.0.

Significantly, ABEYCHAIN 2.0 outperforms since the launch in March. The ABEY ecosystem soared by more than 50% since March, where one account belongs to an individual person. Within two months many new users have come into ABEY 2.0 which is amazing.

Disruption and Decentralization

ABEYCHAIN 2.0 provides fairness and integrity of an ideological election. Most PoS blockchain models result in a higher profit margin for the largest stakeholder because they can keep more of the mined tokens to increase production capacity.

The Storage Network is a decentralized file storage and distribution network which offers intelligent data storage to customers all over the world. It is also distributed across the globe in different nodes with encryption.

According to ABEY storage, users with a decentralized open-source data storage can handle the control of data firmly. A larger stakeholder can grow their token stake faster than a small stakeholder, also they can control the flow of information.

The nodes that decide issues are voted on by others. As a result, the deciding nodes on the ABEY Network selected by user votes ensure fairness in a way that can drive blockchain forward.

About ABEYCHAIN

The ABEY Foundation makes a significant contribution of governance and research to the ABEYCHAIN 2.0 while ensuring the core technology’s credibility. The Foundation provides guidance and direction to the ABEY Community and Ecosystems, and has a strong commitment in protecting the immutable freedom of all ABEY users now and in the future.

Initially, the chain also incorporates the FruitChain technology into the traditional POW algorithm protocol and implements the PoW protocol. While the upgraded version uses hybrid consensus to become a solution for blockchain challenges.

Several chains exist nowadays, but only some can achieve interoperability with others like ABEYCHAIN 2.0. It has become the choice of blockchain for developers seeking to build decentralized applications, business use-cases and reach cross-chain interoperability.

ABEYCHAIN 2.0 was designed with a concept, where other high-quality assets on other chains can be easily transferred through ABEYCHAIN without delay.

Contact

Website: www.abey.com



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Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com

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