ABBC is a blockchain that is designed to facilitate online retail, especially that of small and medium companies as well as advertising companies. Its ecosystem includes a blockchain explorer, mobile wallets, a desktop app, and a web interface. The platform enables 5000 transactions per second, instant transactions, and immediate block propagation. The blockchain was created as a fork from Bitcoin by Jason Daniel Paul Philip and Hassan Abbas in 2017. Two years later, the blockchain migrated to EOSIO.
ABBC migrated to EOSIO and adopted DPoS to allow applications to run more efficiently and securely without being affected by price fluctuations. ABBC blockchain selects block producers based on technology, server security, node operation, and community involvement. It values ethics, dispute settlement, decentralization, and diversity in its producers. The blockchain uses a liquid democracy voting system where users who stake ABBC tokens can vote for up to 30 block producer candidates. The top 21 candidates are scheduled in an order agreed upon by 15 or more producers. Rewards for block producers are split between active and standby producers based on the percentage of votes received.
ABBC's total supply: 1,500,000,000
ABBC's circulating supply: 1,172,087,630
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