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Review on ABBC Coin by TRUNG HUYNH MINH
Since blockchain technology is built on a decentralized network, each block…
Since blockchain technology is built on a decentralized network, each block added to the chain is verified by all the other blocks. Eventually, the world will have a single blockchain platform to handle everything from financial transactions to storing data. AlibabaCoin runs on a blockchain platform that is ready for combination with all other cryptocurrency and blockchain platforms in the world to facilitate payment and transactions on one platform.
Pros
- Alibabacoin, or ABBC, is a cryptocurrency business approach by the global retailer and wholesaler Alibaba. It describes its new technology as optimized for finance, distribution, shopping, and security using the blockchain technology. According to the CEO, Alibaba sees a better and more secure future with valuable blockchain solutions, hence AlibabaCoin. The blockchain platform that AlibabaCoin is built on promises to be the one blockchain technology that will emerge as the leading platform for digital assets in the world.
Cons
- While the blockchain is a secure, transparent, and public technology to store and transmit data and user transactions, access to it is shared among users and the development team. Alibaba’s blockchain is unique in that it reduces user risk by enabling more dynamic chains that require lower inventory but with higher service levels.
