WHAT IS ARCBLOCK ?
ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain
applications. The platform goes beyond providing the necessary foundational components for using
blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.
ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain
applications. The platform goes beyond providing the necessary foundational components for using
blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.
PROBLEMS
WITH TODAY’S
BLOCKCHAINS
Blockchain technology is still in its
infancy. There are many issues preventing developers and
businesses from creating widespread, decentralized blockchain applications.
businesses from creating widespread, decentralized blockchain applications.
-
POOR
PERFORMANCE
Performance is one of the main challenges
facing current blockchain technology. The blockchain that Bitcoin uses is
designed to handle seven transactions per second, and Ethereum can only handle
a few more. As of December 2017, a simple CryptoKitties1 application can slow Ethereum and increase transaction
fees dramatically.
-
NOT
CONSUMER FRIENDLY
Today’s blockchain applications are built for
the few tech whizzes who know how to use them, rather than mainstream
consumers. Nearly all blockchain applications require users to either run a blockchain
node or install a “light node.” The learning curve and effort involved has
delayed adoption among the general public.
-
COST
The extremely high cost of using blockchain
technology is a major barrier to mainstream adoption. It also limits developers
who need the flexibility to build free services. Just like today’s web and
mobile apps, users shouldn’t have to pay for every minor action. Similar to the
Internet, blockchain technology should be able to support free applications.
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PLATFORM
LOCK-IN
As with the early days of any computing
technology, blockchains have critical “platform lock-in” problems. Developers
have to decide which blockchain to support, then implement platform-specific code
that makes it very difficult to switch an application to a different blockchain
later on.
-
LACK
OF FEATURES
People have high expectations for
blockchain—the news media, evangelists, and journalists paint a bright future
for decentralized applications for the public, especially with the increasingly
high prices of cryptocurrencies. In reality, however, blockchain technology is
still in its infancy. Most blockchain services lack rich features and don’t
have a mechanism to encourage the community to contribute to the feature
stacks.
THE SOLUTION
ArcBlock solves these problems through its
revolutionary new design. Unlike its predecessors,
ArcBlock is a platform service, rather than a standalone software package or set of APIs. ArcBlock is a comprehensive solution that combines blockchain technology with Cloud Computing.
ArcBlock is a platform service, rather than a standalone software package or set of APIs. ArcBlock is a comprehensive solution that combines blockchain technology with Cloud Computing.
ARCBLOCK’S
ADVANTAGES
-
BUILT
FOR THE NEW TOKEN ECONOMY
ArcBlock is a self-evolving ecosystem—not
just a software platform built by one centralized
organization. We at ArcBlock Foundation
Limited and the ArcBlock Foundation are only jump starting the project; the
platform will continue to develop and grow on its own.
-
OPTIMIZED
FOR THE BEST EXPERIENCE
We built the ArcBlock platform using a
“top-down” strategy that centers on the user experience. In contrast, many
existing solutions focus on the blockchain technology itself at the expense of
user friendliness. Applications built with ArcBlock offer reactive, real-time
experiences. Users can simply access them from a web browser (no additional
plugins required), or download a mobile app directly from an app store. Either
way, the process is familiar.
-
BUILT
FOR THE CLOUD
ArcBlock is designed to run natively in the
cloud. It can also run on a single computer for testing and development.
This design principle makes ArcBlock fundamentally different from many other platforms in the blockchain world. In ArcBlock, a node can be a “logical computer” comprised of one or more virtual machines, or a group of cloud services working together as a computing environment. This approach marks a significant step forward that will help elevate blockchain and decentralized applications to the next level, including our patent pending technologies.
This design principle makes ArcBlock fundamentally different from many other platforms in the blockchain world. In ArcBlock, a node can be a “logical computer” comprised of one or more virtual machines, or a group of cloud services working together as a computing environment. This approach marks a significant step forward that will help elevate blockchain and decentralized applications to the next level, including our patent pending technologies.
-
BUILT
WITH AN OPEN STANDARD
ArcBlock is built with an open standard.
We’re trying our best not to reinvent the wheel and to build for the
application developer’s wants and needs. In addition to open sourcing our core
components, we will also actively contribute to a variety of blockchain technology
communities.
THE
TOKEN ECONOMY AND THE SERVICE
-
THE
ARCBLOCK TOKEN (ABT)
The ArcBlock Token (ABT) is native to the
ArcBlock platform. To achieve high-performance
transactions, we built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes.
transactions, we built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes.
-
THE
MINERS
-
RESOURCE
MINERS
Resource Miners contribute computing
resources to the system. They might provide cloud computing resources and run
as a cloud node, or contribute self-hosted computing resources.
-
COMPONENT
MINERS
Component Miners contribute software
components to the system, such as new Chain Adapters, Blocklet Components, or
ready-to-deploy applications. The component might be packaged code that can be
reused and deployed by another application, or a set of services that’s merely
exposed through the Blocklet interface. For example, a deep learning-based
image recognition service may have its own services running elsewhere, but
offer the services as Blocklets so that other ArcBlock applications can use
them.
-
THE
ARCBLOCK MARKETPLACE
The ArcBlock Marketplace is a decentralized
blockchain application built on ArcBlock platform itself. The app serves as a
marketplace for listing, searching, evaluating, using, and ranking reusable components,
such as Chain Adapters, Blocklets Components, and applications.
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TOKEN
FOUNDATION SERVICES
The platform’s token foundation services
consist of a set of Blocklet components that lay the
groundwork for ArcBlock’s token services.
groundwork for ArcBlock’s token services.
-
APPLICATION
TOKENS
With ArcBlock, developers can also create
their own custom tokens that inherit all of the features of our native token
THE TOKEN DISTRIBUTION
MORE INFORMATION :
Website: https://www.arcblock.io
Telegram: https://t.me/ArcBlock
Facebook : https://www.facebook.com/arcblock.io/
Twitter: https://twitter.com/ArcBlock_io
Whitepaper : https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
Authorized By:
My Bitcointalk account : jagadlangit
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