Faster Transaction speeds – Lower Gas Fees
Processing up to 3,000 TPS while featuring ultra-low gas fees, ABEYCHAIN 3.0 is a multi-Layered programmable blockchain with a DPoS consensus specializing in building decentralized applications, business use cases, and achieving cross-chain Interoperability. It is based on parallel transaction execution and the ABEY Virtual Machine (AVM).
ABEY 3.0 follows a design paradigm where DPoS and PoW are combined together to attain high levels of scalability and consistency without significant reduction to decentralization.
ABEY 3.0 would use a multi-layered framework to adapt one slow chain and several fast chains to extend scalability.
ABEY Virtual Machine
General frame drawing
Through the ABEY Network, users can pay the digital asset in exchange for services or goods.
Stable coin could be deployed in ABEY chain as medium of exchange to avoid price fluctuations.
Decentralized Business Contracts
Business Contracts such as loans can be designed as a smart contract and deployed in ABEY network. The rest operation would be executed automatically once the terms of the contract are met.