When and Why to use abstract classes/methods?
When creating a class library which will be widely distributed or reused—especially to clients, use an abstract class in preference to an interface; because, it simplifies versioning. This is the practice used by the Microsoft team which developed the Base Class Library. ( COM was designed around interfaces.) Use an abstract class to define a common base class for a family of types. Use an abstract class to provide default behavior. Subclass only a base class in a hierarchy to which the class logically belongs.
I did not understand the explanation in the above quote. Please explain why should an abstract class be used for creating a class library?