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What is ABJ Coin?
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AbjCoin is the first Nigeria Blockchain solution that was specifically made for global payment
transactions, and financial services. Which when integrated to banking institutions has a
potential to speed boat transactions and make service delivery more efficient and reduce the
difficulty experienced by Nigerians when using fiat currency.
We are in the biggest currency shift in human history and AbjCoin has the potential to
become the biggest smart transaction system in one of the largest economy in Africa. AbjCoin
will be used as a better alternative for rendering financial services such as buying and selling
of goods and services between Nigerians and the rest of the world. In addition to existing
options, we plan to make this become a global currency for Nigerians that can be exchanged
to other fiat currencies and altcoins.
We live in a period of rapid technological advancements that has shaped how businesses are
done and what business means. The upcoming generation will need a fast and reliable means
of transaction. They desire authenticity, security, reliable means of buying and selling. This is
the role AbjCoin has come to play in the Nigerian economy.
Features Of AbjCoin
Blockchain technology
Blockchain is the foundation of the AbjCoin and is the next “industrial revolution”. It is a
decentralized system with enhanced security, simple in design and inexpensive to operate.
The ledger system allows for transactions to be done with complete accuracy because it is a
fusion of computer peer-to-peer (p2p) technology, cryptography and database systems. The
fusion of these technologies will lead to a system that is immutable and irreversible, meaning
that transactions cannot be tampered with when signed and transferred. Transactions become
final and there is no double-spending. Cryptography is utilized for encrypting messages on the
ledger, but is significantly used for signing of transactions by users and to proof these
transactions. With cryptography, blockchain does not require supplementary security
solutions to protect the authenticity of transactions. Blockchain’s decentralized and p2p
nature means that the ledger eliminates the need for a data-centre and a disaster recovery
centre (DRC) or intermediaries that houses core systems.
(POW/POS).
The AbjCoin is a cryptocurrency that is built upon blockchain, which is underpinned by the
consensus mechanism called the Proof-of-work (POW)/ proof of stake(POS). The POW is
similar to Proof-of-Stake (POS) with the main difference being that it integrates behavior
trusted to be positive for the entire economy, while POS derives importance from the user‘s
account balance.ABJ Coin major algorithm is that of Proof-of-Stake (POS), because it does
not require large scale computing resources for maintaining the Blockchain. The ABJ COIN
network emphasizes security and trust-less computing. The AbjCoin blockchain is run by a
network of nodes operating together in a p2p configuration. The nodes record and verify
transactions that are transmitted on the network. At block time (periodic intervals), these
transactions are grouped together and then go through a hashing process that connects them
to previous blocks. The network’s participants are anonymous and there is no restriction on
their caliber.
API (Application Programming Interface)
The dot-com era saw a number of startups grow into massive online agencies, disrupting
traditional means of buying and selling and creating more convenience and flexibility for
users. Sharing economy services like blockchain are continuing this tradition of disrupting
industries through convenience and flexibility. AbjCoin will continue this tradition of
disruption in the financial industry as a single hub underpinned by the tokens issued through
integration with our APIs.
Trade Market
ABJ coin major focus is to provide borderless means of payments between Nigeria and the
rest of the world. In doing this, AbjCoin will provide an exchange market where it can be
traded to different country’s fiat currencies. We intend to integrate AbjCoin as a payment
processor, this will enhance a mass adoption of AbjCoin among the parties involved in the
transaction since there is a ready market where it can be traded and exchanged to fiat
currencies. Unlike other means of cryptocurrency exchange where it is been traded for
Bitcoin, AbjCoin will provide direct trade access to local fiat currencies helping indigenous
currencies to thrive.
ICO already over..coin sells for 1.1$
Better grab yours before moon!