Abeychain 2.0: Secure, Decentralized Storage Set To Soar
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Since its launch in March of 2021, ABEYCHAIN 2.0 has added tens of thousands of unique users to its ABEY ecosystem. After being showcased at the AIBC 2021 Summit in Dubai, more insight into some of the functions that make this new technology so exciting is now available.
FUNCTIONING IN FAIRNESS THAT’S FASTER
ABEYCHAIN 2.0 wants to disrupt the current Proof of Stake structure that makes it easier for a larger stake holder to grow his or her token stake faster than a smaller stakeholder. Since that large stakeholder can mine or validate block transactions according to how many coins they hold, they have more mining power than someone with fewer coins leading to centralization of mining where the rich get richer. ABEYCHAIN 2.0 works on a system of fairness: nodes that decide issues are voted on by other users. In other words, users aren’t empowered to be the deciding nodes unless they’re voted to be by the users on the ABEY network. This has an impact on speed as well. Since fewer nodes are participating in the decision-making process, ABEYCHAIN 2.0 sees improvements in speed compared to previous platforms.
DECENTRALIZED INTELLIGENT SPACE ON THE ABEY STORAGE NETWORK
The ABEY Storage Network provides intelligent data storage to a worldwide customer base. The storage is spread across different servers around the world in all different nodes. The data is encrypted providing a reliable storage solution with no central points of failure. This creates a marketplace where miners can sell their services and clients can bid on the solution that best suits their needs. The end result: An open, transparent, censorship-resistant and cost-effective storage network.
HOW TO ONBOARD TO ABEY
The ABEY ecosystem, including the ABEY Token, is available right now. ABEY Token trading is on www.zbx.com or www.zbx.plus. For more information on the ABEY blockchain, visit www.abey.com, where you can find the initial scientific whitepaper, download links for the wallet and the other information.
ABOUT THE ABEY FOUNDATION
The ABEY Foundation contributes governance, and research, for the ABEYCHAIN, while maintaining the integrity of the core technology. The Foundation provides guidance, and direction for the ABEY Community and Ecosystems, and has a strong commitment to protect the immutable freedom of all ABEY users now, and for future generations. For more information, visit: www.abey.org