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ABBC Foundation describes itself as a blockchain solutions provider in the MENA region that targets distribution, finance, shopping, and security.
It aims to build a platform to store, secure, trade, and utilize digital assets seamlessly. The company has operating teams based in Dubai, UAE and Minsk, Belarus. ABBC has developed its own digital asset, ABBC Coin. This project has the goal of bringing the ‘future of payment security’ to its users.
With the development of ABBC’s Generation 2 mainnet, its blockchain is now reportedly capable of handling up to 5,000 transactions per second. It implemented a Delegated Proof-of-Stake consensus protocol that confirms transactions on their nodes.
Here’s the letter from Jason Daniel Paul Philip, CEO and ABBC Coin Foundation Chairman, to the ABBC Coin’s community members and supporters.
Alibaba Holding Group finally triumphed in their pursuit to forbid using the term ‘Alibaba’ in the Alibabacoin, created by the ABBC Foundation, previously known as Alibabacoin Foundation.
Binance Coin (BNB) has lived up to expectations by climbing into the top 10 cryptocurrencies list. The coin climbed to the 7th position and registered a significant gain.