When Bitcoin ballooned to $20,000 the last time around, the network became so congested, slow transactions put a damper on the excitement surrounding the cryptocurrency industry, and the hype and the valuations it drove all came crashing down.
A similar situation happened over the summer with Ethereum, where gas fees for using the smart contract platform became outrageously expensive due to how congested the network was. And with Bitcoin embarking on a bull run again any day now, there’s a chance the cryptocurrency is destined for the same fate considering how few advances in speed or cost savings have rolled out since the last peak.
The solution to the ongoing throughput problems plaguing crypto will soon be the focus of a speech at the upcoming Future Blockchain Summit in Dubai. Here’s everything you need to know about the ABEY token, why it is taking the mainstream crypto market by storm, and why Dr. Ciprian Pungila’s speech is a can’t miss upcoming moment in the blockchain industry.
Scaling Problems From Last Crypto Peak Remain, But Change Is Here
Bitcoin and other popular cryptocurrencies are driven by speculation, and while there is no denying the technology has incredible potential and how powerful the implications of blockchain can be, the current transactions per second these massive cryptocurrency networks can handle is tiny compared to giants like VISA and Mastercard.
So if Bitcoin and Ethereum are slow, clunky, and can’t scale well, the chances of them actually unseating the current finance crown wearers are slim-to-none. It has since turned even the Bitcoin crowd toward the store of value narrative, and the user base has chosen to ignore its use as a business and e-commerce solution for the future.
It has left these cryptocurrencies vulnerable to becoming the next MySpace in the world of Facebook and Twitter. However, a solution to the problems plaguing these top assets could soon be widely known, as the ABEY token picks up in price and momentum, and just as the token’s co-founder Dr. Ciprian Pungila takes the stage at the Future Blockchain Summit in Dubai on December 6 through 9.
Dr. Ciprian Pungila To Present ABEY Roadmap, Review Key Blockchain Breakthroughs
The ABEY Foundation co-founder and chief scientist will lead a speech outlining the future of finance: ABEY – a business-scale blockchain solution with unique and rare features in the crypto world.
ABEY Research associate Alexe Spataru will support Dr. Ciprian Pungila to deliver a presentation outlining the most important features that help set ABEY apart from the likes of Bitcoin and Ethereum. There, an updated roadmap for the token and the self-sustaining ecosystem will also be a significant focus of the speech.
ABEY is an innovative token for the crypto industry, able to process thousands of transactions per second, on par, and even beating out major centralized payments companies. And unlike most cryptocurrencies, ABEY allows for refunds – a first for the crypto market, making it even more ideal for the massive, global e-commerce industry.
Fundamentally, ABEY is showing rapid adoption and proliferation of user wallets, already reaching a milestone of 100,000 unique wallets. Early adopters recognizing ABEY’s potential have helped grow the token’s value organically from the first mining price of $0.001 per coin to as high as over $1 each in recent days.
ABEY stands for Advanced Blockchain for Enhanced Yields. To learn more, visit abey.org. Also, be sure to check out Dr. Ciprian Pungila’s groundbreaking presentation regarding the future of the crypto industry coming up this weekend from December 6 through 9.