Denis Opudo
The use of Blockchain technology is taking shape in most countries in Africa. The technology is used in many sectors that help in developing the economy. Its ability to make data more secure is just one of the distinct features that attract people to it. Nigeria launched its first Blockchain technology solution called Abjcoin. The launch is the first in the country that developed for global payment transactions and financial services.
The technology has received 46% just for a day after it wallet was released on Google Play. There is also a release of an application to shop around 200,000 products with Abjcoin by developers. The mining of the first block took place in October 2017. During the ICO a total of 9 million coins have been pre-mined and sold. Furthermore, a total of 30 million coins supply is expected to be there. A total of 30% of funds will be directed to build the first Blockchain technology institute in Africa.
Miners get a chance to benefit from their urge to secure a network. They are given 30% monthly for each Abjcoin staked in the pool. There is also a payment of 2% referral bonus. Moreover, the technology uses proof-of-stake 3.0 algorithm. The technology is trading in four exchanges. The changes are Satowallet & Stocks Exchange, TradeSatoshi, and CoinsMarkets. Moreover, developers are talking with Yobit, Cryptopia, and CoinExchange for listing in March. One is in a position to use the wallet for shopping from wallet balances directly.
The release of the iOS version of the Abjcoin wallet and commerce app will take place soon. Lagos will be hosting the first Abjcoin global commerce conference in April. The developers will take the chance to install the first cryptocurrency, ATM Africa. The platform will facilitate payment of utility bills, a partnership with Nigerian post (NIPOST). This will help in merchant shipping and issuing of debit cards.
