What Is Abey? Complete Guide & Review About Abey

About Abey

April 1, 2021 the Abey Foundation introduces the ABEY 2.0 blockchain, ABEYCHAIN. After years of development the ABEY 2.0 protocol represents a significant advancement in blockchain technology since initial release in 2018. ABEY 2.0 uses a Hybrid Consensus – Multi-Layered blockchain system, which incorporates both Delegated Proof-of-Stake (dPoS), and Proof-of-Work (PoW) Consensus, to support High-Volume transactions, while simultaneously solving the biggest problem confronting permissionless blockchains today: the trade-off between decentralization, security, and efficiency.

ABEYCHAIN is designed to serve as the underlying public blockchain infrastructure with high-speed performance and security allowing smart contracts, decentralized applications (dApps), NFT creation, decentralized finance (De-Fi), peer-to-peer (p2p) and ecommerce payments, and an endless range of financial transactions and other use cases.

Abey Storage Key Points

Coin Basic Information
Coin Name Abey
Short Name ABEY
Circulating SupplyN/A
Purchase BTC, ETH, BCH and LTC
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter Page Click Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project Website Click Here To Visit Project Website

Designed For Decentralized Applications (dApps)

Designed for dApps, ABEY 2.0 is fast becoming the blockchain of choice for developers looking to build decentralized applications, implement business use cases, and more easily achieve cross-chain Interoperability. Developers can take advantage of the highly advanced features of ABEYCHAIN to build their own applications without limit to the potential use cases that can be developed and supported on the ABEYCHAIN. As an added feature designed to incentivize a robust community of developers building out the ecosystem, dApps can be Showcased, Purchased, and Sold within the innovative Marketplace, an exciting feature that users simply will not find in other blockchain ecosystems.

Why Use Abey

ABEYCHAIN is the first fully operational, third-generation public chain to solve one of the most pressing challenges in the public chain space: the ability to achieve simultaneously a high degree of both decentralization, security, and efficiency, which is commonly known as the “Impossible Triangle.”

High-Speed Transactions

Abey takes a hybrid approach to consensus, featuring a delegated proof-of-stake chain (known as the “FruitChain”) with an added layer of security in the form of a separate Proof-of-Work chain (known as the “SnailChain”) that validates transactions executed by the dPoS chain by the dPoS Committee elected by ABEY 2.0 token holders. The dPoS “FruitChain” is currently capable of processing up to 10,000 Transactions Per Second (TPS) with the ability to scale to even greater processing power.

Cross-Chain Interoperability

Although many different blockchains exist in 2021, very few can achieve interoperability with other chains like ABEYCHAIN. ABEYCHAIN was created with maximum interoperability in mind – this means that a variety of high-quality crypto assets native to other blockchains can be seamlessly transferred onto or processed through the ABEYCHAIN without experiencing any significant delays.

ABEY 2.0 Use Cases

SWAP™ -DeFiPlatform

XSWAP is the home for Decentralized Finance (DeFi) on the ABEYCHAIN. Swap, stake, trade, yield farm, arbitrage, lend, borrow, and leverage, multi-chain interoperability and multi-asset wallet support. XSWAP is designed to be a liquidity provider and developer-friendly.

Smart Contacts

Write Smart Contracts on Abey using a simple web or mobile interface. Easily define the terms of your transaction, run and execute it in an ultra-secure blockchain environment. All transactions executed on the ABEYCHAIN are transparent, trackable, irreversible, and censor-resistant. Smart Contracts on ABEYCHAIN also cost far less than many other blockchains.

The ABEY Storage Network

ABEY Storage Network provides an alternate storage solution and incentive layer for the IPFS protocol. Storage and Retrieval miners can earn rewards in ABEY Storage Token (AST). AST can be traded 1:1 with Filecoin. The cost to mine AST is far less that Filecoin (FIL). And unlike Filecoin, there is no possibility of being penalized with fines on the ABEY Storage Network.

aCash Token (ACT)

The aCash Token (ACT) is the official Stablecoin of the ABEYCHAIN with 1:1 parity to USDT. ACT is “Minted” when it is purchased with mainstream cryptos such as BTC, ETH, BCH and LTC. ACT is burned when it is “cashed out” of the system. ACT can be converted to USDT in the ABEY 2.0 Wallet.

Crypto Mining with ABEY

Bitcoin Mining

Use Abey to purchase T/Hash power for mining Bitcoin. Mining plans run for 120 Days of continuous mining and include the mining hardware, electricity, maintenance, and dedicated technical support.

Ethereum Mining

Use ABEY to purchase M/Hash power for mining Ethereum. Mining plans run for 120 Days of continuous mining and include the mining hardware, electricity, maintenance, and dedicated technical support.

APAY Systems – Digital Payment

APAY Systems is a blockchain-based payment service designed specifically for the Crypto community. Deposit your Digital Currency, BTC, ETH, LTC, BCH, EOS, and many more, to your APAY account. The deposit is then converted to aCASH (ACT), which is the Stable Token native to the ABEYCHAIN. You can then transact with anyone who accepts ACT as payment, or load ACT to your aPAY Card, and use it to pay nearly any merchant or withdraw ACT in fiat from any ATM, in your own local currency. ACT valued 1:1 with USDT.

ABEY Developer Community

Designed especially to support dApps, Abey 2.0 is becoming the blockchain of choice for developers looking to build decentralized applications, smart contracts, business use cases, and achieve cross-chain Interoperability all in one seamless and easy to use blockchain ecosystem. ABEYCHAIN is quickly attracting a global community of developers who support the ongoing development of ABEYCHAIN into a robust and decentralized ecosystem, enabling a multitude of use cases for this ultra-secure, next generation hybrid-consensus blockchain. The ABEY source code is available on GitHub:


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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.


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