The AbacasXchange
With each blockchain service that is founded, a new cryptocurrency is frequently issued for both initial funding and as the currency (gas) used to pay for the services provided. In order for the blockchain service to gain traction, there needs to be a programmatic method to automatically purchase small amounts of the blockchains’ cryptocurrency for payment of the services of the blockchain.
The AbacasXchange provides APIs (Application Programme Interfaces) whereby micro-transac- tions of gateway assets may be exchanged for other less liquid crypto-currencies of a blockchain service provider. This automatic exchange and payment processing will enable cross-chain appli- cations without the need to hold reserve crypto-currencies for every blockchain that may be uti- lized.
