Originally, the Absolute project was launched in February 2018, but shortly after that, the development team left with no explanation or reason. Later, a few community members took it upon themselves to take over the support for the new cryptocurrency network and on the 4th April that year they set up a new domain, GitHub repository, and social media accounts.
The newly formed network featured a Proof of View consensus mechanism that was backed by masternode technology. This made Absolute a very fast, efficient and low-cost blockchain for verifying advertisements through consensus. Just like in many other masternode enabled coins, it requires collateral in order to unlock the necessary functions to run one.