What is ArcBlock?
ArcBlock (ABT) is a digital platform based on a decentralized Blockchain application (Blockchain 3.0). The platform soon went beyond providing the basics needed for Blockchain to create complex implicit rules. ArcBlock connects the system you are using to the Blockchain network, thereby allowing the automation of business processes through data and identities connected to the systems in use.
ABT is ArcBlock's token, designed as a multipurpose token to optimize transaction performance, similar to cloud computing. With ArcBlock, developers can also create their own tokens with absolute features inherited from the original ABT. Therefore, ABT can stand for a lot of things, including user identities, certificates, documents for actual objects, etc. The ArcBlock platform allows users to tokenize everything in their applications. . Soon, users can use ABT to invest in ICO projects and products on ArcBlock's own blockchain platform.
Blockchain 3.0 and the terms you need to know
Blockchain 1.0 is a big data store that is represented by Bitcoin. Blockchain 2.0 is a system that combines data with smart contracts represented by Ethereum. This network helps users to store data transparently, fairly and securely.
Blockchain 3.0 is a data, application, scalable, blockchain-access integrated network, blockchain and native development represented by ArcBlock. Arcblock was born to support and improve other blockchains, not to be a competitor.
Developed based on Blockchain 2.0 with many new technological additions, Arcblock possesses several significant advantages:
-Platform for New Token Economy: ArcBlock Company and ArcBlock Foundation started the project, then will develop this platform based on token economy and self-motivation.
-Optimized for the best experience: With a "top-down" strategy, the Arcblock platform puts the user experience at the center and provides a real-time experience. Users can easily access it directly from the browser (no plugin needed) or open it on a mobile app that has been downloaded from the app store.
-Build on Cloud: ArcBlock builds from the ground up on Amazon Web Services and Windows Azure, then expands to support Google Compute Engine, major cloud servers in China, and other platforms.
-Build with an Open Standard: To open-source core platforms, ArcBlock is active contributors in the blockchain community. ArcBlock members participate in a variety of organizations including nonprofits and committees. Currently, some of the organizations include the W3C Blockchain Community Group, IEEE Blockchain Special Interest Group (SIG), Enterprise Ethereum Alliance, Linux Foundation, and Hyperledger Foundation.
Blockchain problems that ArcBlock coin will solve
Not convenient to use
Today's blockchain applications are made with a handful of experts who know how they work. It is practically inaccessible to the vast majority of people. Most blockchain systems require the user to hold on to a full node or install a lightweight node.
Let's look back at the game CryptoKitties. Due to the total ease of use for investors, it still requires installing a few Metamask browser extensions. Besides, investors need to know how to safely use and trade Ethereum virtual currency through Metamask wallet.
To appeal to a large number of investors, blockchain-based products need to be as easy to use as mobile or web apps, and the technology itself needs to be transparent.
The high cost of using blockchain technology is one of the major problems with its widespread use. It also creates barriers for developers, who need the flexibility to form projects with free services.
Blockchain technology should support zero-fee applications, which is the key to widespread use. The free system will help founders and businesses create profitable services instead of asking for commissions from users when using.
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