Introducing ABEYCHAIN 3. Project update:. ABEYCHAIN 2. 0 was launched in April 2021.
03 Sep 2022, 07:00
Introducing ABEYCHAIN 3.0
Project update:
ABEYCHAIN 2.0 was launched in April 2021. After more than a year of development, there are more than 170,000 addresses on the chain performing in excess of 29 million on-chain transactions. Moreover, the number of average daily transactions exceeds 150,000/day from more than 30,000 daily active addresses. The current on-chain TVL (total value locked) is above $26 million USD.
The ABEY Foundation is proud to introduce ABEYCHAIN 3.0 on September 1, 2022.
With this upgrade, our consensus design provides greater efficiency, consistency, liveness, transaction finality and security than ever before. The primary focus of ABEYCHAIN is to advance these concepts and to build a blockchain that is uniquely designed for the ABEY community. running smart contracts in a hybrid cloud infrastructure and usage of existing volunteer computing protocols, we have also adopted the idea of data sharding and speculative transactions.