ABBC is a cryptocurrency platform that aims to make online shopping with digital assets safer and more enjoyable. It provides various products, including a multi-platform wallet that supports Bitcoin, Ethereum, and other cryptocurrencies, an online shopping application for over 50 online retailers, and a secure cryptocurrency exchange platform with low transaction fees. The ABBC Coin was created to enable holders to govern the platform's development by delegating voting power to selected block producers, who vote on governance proposals. These proposals can include forming partnerships, adding new features, or expanding services. Additionally, ABBC Coins serve as rewards for online shoppers and can be staked for regular rewards. ABBC is currently built on the EOSIO blockchain, allowing for up to 5,000 transactions per second and employing an energy-efficient delegated proof-of-stake consensus mechanism. It was formerly known as Alibabacoin but changed its name in March 2019 due to a dispute with Alibaba.
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