From the open source information on Github, the overall framework of ABEL's testnet and mainnet will be developed based on Substrate, which is the next generation of general blockchain technology architecture.
Substrate is a framework that can create digital currencies and other decentralized systems. Compared with the era of blockchain 1.0 Bitcoin and the era of blockchain 2.0 Ethereum, substrate is born with the temperament of blockchain 3.0, mainly including governance , Development, scalability, interoperability, and high performance. Substrate is an epoch-making new technology developed by Parity Technology Company in the development of blockchain cross-chain infrastructure, and the main person in charge of Parity Technology Company is the well-known Dr. Gavin Wood. Dr. Gavin Wood is one of the founders of Ethereum and is also the founder of Ethereum. The maker of the Fang Yellow Book. Substrate, as the forefront of blockchain 3.0 technology and a new blockchain development framework, will be the general standard for future public chain development.
At present, Polkadot and chainx can be used in public chains in the world, and ABEL will be the third. And most of the people who can use the technology of substrate are the internal personnel of Parity Technology Company. From this we can boldly guess that the ABEL technical team composed of multinational geeks also has technical members of Parity Technology Company participating in the construction of the ABEL public chain. As a great innovative technology with epoch-making significance, Substrate will lead the era of blockchain 3.0. At the same time, ABEL is also standing on this front, and it is bound to lead an era!
After the ABEL mainnet is launched, we will focus on smart contracts, decentralized financial DEFI, decentralized transaction DEX, privacy protection, etc. It is planned that the official version of the decentralized financial application Abel Bank will be launched in June 2021, and the Abel Bank governance token ABBK will be issued. The total amount of ABBK is 10,000,000. Holding ABBK will enjoy the governance right of the Abel Bank project.
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