What Is Abyss (ABYSS)?

What Is Abyss (ABYSS)? Complete Guide Review About Abyss.

What Is Abyss (ABYSS)?

The extremely high cost of using blockchain technology is a major barrier to mainstream adoption. It also limits developers who need the flexibility to build free services. Just like today’s web and mobile apps, users shouldn’t have to pay for every minor action. Similar to the Internet, blockchain technology should be able to support free applications. Abyss Making blockchain free to use is key to widespread adoption. A free platform will also empower developers and businesses to create valuable new services they can monetize, rather than having users pay fees to use the blockchain network.

Abyss As with the early days of any computing technology, blockchains have critical “platform lock-in” problems. Developers have to decide which blockchain to support, then implement platform-specific code that makes it very difficult to switch an application to a different blockchain later on. Developers don’t want to be locked into working with a certain blockchain technology. They need the freedom to evaluate, use, and switch between options. Some applications may even need to run on multiple platforms to provide the best user experience.

Abyss Storage Key Points

Coin BasicInformation
Coin NameAbyss
Short NameABYSS
Circulating Supply228,664,903.24 ABYSS
Total Supply508,628,132
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Gaming platform

Game platform which shares its revenue with users. Earn from an advanced referral system, achievements and other activities. Abyss solves these problems through its revolutionary new design. Unlike its predecessors, Block is a platform service, rather than a standalone software package or set of APIs. Block is a comprehensive solution that combines blockchain technology with Cloud Computing.

Marketplace

NFT Marketplace with advanced referral system and support of the most popular blockchains with Non-Fungible tokens. The Open Chain Access Protocol makes it easy to implement new blockchains as the technology evolves. It eliminates the platform lock-in issue and enables applications to run on multiple blockchain fabrics, vastly improving the developer and user experiences.

Free Hosting Service

Provide liquidity with your DeFi tokens, lock LP tokens and enjoy free unlimited Ethereum 2.0 hosting service for your validator nodes. Blocklet is another revolutionary component that takes advantage of the latest microservice architecture and server less computing technology. Blocklet is a high-level application protocol that can be implemented with any platform or language. 

Eth2 Depositor

Abyss Eth2 Depositor is a convenient tool that will help you to make multiple deposits to Eth2 Deposit Contract in one batch. Abyss is an incentive-driven marketplace for reusable services, components, and even applications. “Miners” in Block platform not only bring computing resources, more over they help to build the platform together by providing reusable components, new services, and even ready to deploy applications.

People who contributed resources or services will be rewarded with tokens to form a positive, self-growing platform that continues to evolve on its own. The Block platform service isn’t your creation alone. It’s developed by the entire Block community—they’re just kick-starting a new blockchain revolution.

Lockup

Service that allows you to lock ERC20, BEP20 and LP tokens with a guaranteed unlock waiting period after the withdrawal request. 90, 180, and 365 days unlock waiting period is available entirely free. 1, 3, 7, 14, 21, and 28 days will require Abyss tokens at the stages of the deposit, withdrawal request, and withdrawal.

DAICO Smart Contract

Abyss is an innovative fundraising model based on Ethereum Smart Contract that merges some of the benefits of Decentralized Autonomous Organizations (DAOs), aimed at upgrading and making the initial ICO concept more transparent. People have high expectations for blockchain—the news media, evangelists, and journalists paint a bright future for decentralized applications for the public, especially with the increasingly high prices of cryptocurrencies. In reality, however, blockchain technology is still in its infancy.

Most blockchain services lack rich features and don’t have a mechanism to encourage the community to contribute to the feature stacks. Abyss protocols make them very easy to fork, and there’s been a recent spike in forks created for various purposes. Unfortunately, forks typically only improve on the forked branch, splitting the community and computing resources. The incentive mechanisms for blockchains just aren’t designed to encourage contributions to the blockchain tech stack yet.