Abelian (ABEL)
Rank #900
Market snapshot
- Price
- $0.094692
- Market cap
- $11.7M
- 24h volume
- $24,000.16
- Circulating supply
- 123,071,104
- Total supply
- 143,651,085
- Max supply
- 225,180,000
What is Abelian?
Abelian serves as a cryptocurrency designed to enhance security in blockchain transactions and data management. Its primary objective is to protect against potential threats posed by quantum computing, ensuring the integrity and confidentiality of user transactions and assets.
How Abelian works
Abelian utilizes a Layer 1 blockchain architecture that is specifically designed to safeguard transactions against quantum threats. By implementing post-quantum technology, it enhances the security of blockchain systems. Additionally, the QDay network operates as a Layer 2 solution, employing zero-knowledge roll-ups to compress and integrate smart contracts onto the Abelian blockchain, thus creating a quantum-resistant ledger.
Key information
- Symbol
- ABEL
- CMC rank
- #900
- Network / platforms
- N/A
- Categories
- Proof of work
- Date added
- Dec 5, 2023
Key characteristics
Abelian features a Layer 1 blockchain that is resistant to quantum attacks, enhancing the security of transactions and data. The integration of the QDay Layer 2 network allows for efficient smart contract functionality while maintaining cost-effectiveness. CoinMarketCap categorizes Abelian under several tags, including DeFi, proof-of-work, privacy, quantum-resistant, and privacy-coins.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Abelian (ABEL)?
- Abelian (ABEL) is a cryptocurrency that operates on a next-generation Layer 1 blockchain designed to protect transactions and data against quantum threats.
- How does Abelian work?
- Abelian utilizes a Layer 1 blockchain architecture that incorporates post-quantum technology to secure transactions. It also features a Layer 2 network, QDay, which uses zero-knowledge roll-ups for smart contracts.
- What are the technical features of Abelian?
- Abelian is designed as a quantum-resistant blockchain, enhancing security against potential quantum computing threats. It integrates with the QDay network for efficient smart contract functionality.
- What are the risks associated with transferring Abelian?
- Users should verify the asset and network before transferring assets, as digital asset prices can be volatile. Self-custody requires secure handling of private keys.
- How can I verify my acquisition of Abelian?
- Verify the asset name, network, and destination details before transferring. Ensure the destination address and network are correct before sending assets.
- Where can I find official resources for Abelian?
- You can find official resources for Abelian at their website: https://pqabelian.io and their whitepaper at https://download.pqabelian.io/release/docs/whitepaper.pdf.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
