ABBC meaning in Cryptocurrency ?
Answer: What Is ABBC Coin (ABBC)?
ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.
The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.
The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.
ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.
ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.
Who Are the Founders of ABBC Coin (ABBC)?ABBC coin was co-founded by Jason Daniel Paul Philip, the platform’s current CEO, in combination with Hasan Abbas, its current CTO.
Jason Daniel Paul Philip is an experienced full-stack developer, and an expert in both Javascript and C#, as well as an accomplished blockchain developer, who also holds the role of M&A manager at TNC Group — a blockchain service solution provider. On the other hand, Hasan Abbas doesn’t have much of an online presence, and his background is unknown.
Arben Kane is ABBC’s global chief strategy officer and also both founder and CEO of Kontur, a global provider of SaaS-based critical event management solutions. G.W Lee is the CSO of ABBC Coin and Zeeshan Javeed leads the ABBC foundation technological development and solutions.
The entire team of ABBC has 23 members in its blockchain developer team, 15 individuals in its marketing team, four in its blockchain security team and three in its finance team.
What Makes ABBC Coin (ABBC) Unique?The main mission of ABBC is to facilitate fast, efficient and secure online retail through the utilization of blockchain technology. Small to medium-size marketplaces can greatly benefit from the reduction in the payment processing fees and access to additional global markets offered by ABBC Coin, according to their team.
Although ABBC started out as a fork of Bitcoin (BTC), it transitioned to the EOSIO blockchain in August 2019. The central benefit of the EOSIO software is that the amount of bandwidth available is independent of the token price, making it suitable for scaling platforms like ABBC Coin.
Moreover, ABBC is focused on achieving full decentralization through community governance. In addition to the current team, holders of the ABBC Coin token have voting power which can be delegated so others can vote on their behalf. Block producers (BP) can vote on ABBC’s governance proposals, helping to shape the development and future of ABBC Coin.
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