ArcBlock--The World’s First Blockchain Ecosystem for Building and Deploying Decentralized Applications
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’s primary goal is to remove the barriers that have slowed blockchain adoption among the general public. We’re also passionate about developing unique approaches that will significantly advance blockchain development.
THE ARCBLOCK PLATFORM
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 an incentive-driven marketplace for reusable services, components, and even applications. “Miners” in ArcBlock platform not only bring computing resources, more over they help to build the platform together by providing reusable components, new services, and even ready to deploy applications. People who contributed resources or services will be rewarded with tokens to form a positive, self-growing platform that continues to evolve on its own. The ArcBlock platform service isn’t our creation alone. It’s developed by the entire ArcBlock community we’re just kick-starting a new blockchain revolution.
ArcBlock’s introduction of the Open Chain Access Protocol enabled open connectivity over multiple blockchain protocols. Developers now have the freedom to evaluate blockchain protocols, and even switch back and forth between them. The Open Chain Access Protocol makes it easy to implement new blockchains as the technology evolves. It eliminates the platform lock-in issue and enables applications to run on multiple blockchain fabrics, vastly improving the developer and user experiences.
Blocklet is another revolutionary component that takes advantage of the latest microservice architecture and serverless computing technology. Blocklet is a high-level application protocol that can be implemented with any platform or language. It leverages the full capacity of the native platform and offers the same level of performance, rather than running on a low-performing virtual machine.
Blocklet does more than access blockchains. It connects to any existing data source, and performs both on-chain and off-chain computing.
Our unique design aims to provide a high-performance, user-friendly, cost efficient, and protocolagnostic platform. We believe that ArcBlock represents a major technological advance that will usher in the 3.0 generation of blockchain applications.
ARCBLOCK’S ADVANTAGES
In addition to solving the common problems outlined above, building and deploying decentralized blockchain applications with ArcBlock has significant advantages over the vendor-specific frameworks available in today’s market.
BUILT FOR THE NEW TOKEN ECONOMY
ArcBlock is a self-evolving ecosystem not just a software platform built by one centralized 8 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.
The entire ArcBlock service is driven by the token economy. Rather than a basic service platform, ArcBlock is an economy driven by incentives that encourage the blockchain community to work together to build a better ecosystem.
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.
ArcBlock also dramatically improves the developer experience. There’s no need to deal with lowlevel blockchain protocols. With our mock blockchain adapters, engineers don’t even have to run local blockchain test nodes to start developing and testing their applications.
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.
ArcBlock will initially build on top of AWS and Windows Azure, then expand to support Google Compute Engine, major cloud computing players in China, and other platforms.
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. Our team members are actively involved with a range of standards organizations, non-profit foundations, and committees. These currently include the W3C Blockchain Community Group Community Group, IEEE Standard Association’s Blockchain Community, Enterprise Ethereum Alliance, Linux Foundation, and Hyperledger Foundation. This list will expand over time.
HOW IT WORKS
OPEN CHAIN ACCESS PROTOCOL
An open source protocol that provides an abstract layer for accessing underlying blockchains, enabling your application to work on different blockchains.
THE EXISTING BLOCKCHAIN VERSION
1. Poor performance
The blockchain bitcoin uses 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.
2. Not consumer friendly
Nearly all blockchain applications require users to either run a blockchain node or install a “light node.”
To attract large numbers of people, blockchain applications need to be as simple as today’s web and mobile apps. Blockchain technology should be completely transparent to the consumer.
3. 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.
4. Platform lock-in
Developers have to decide which blockchain to support, then implement platform-specific code that makes it very difficult to switch to application to a different blockchain later on. They need the freedom to evaluate, use and switch between options. Some applications may even need multiple platforms to provide the best user experience.
5. Lack of features
Most blockchain services paint rich features and do not have the mechanism to encourage the community to contribute to the feature stacks.
ArcBlock wants to solve all the problems above through its revolutionary new design.
THE TOKEN ICO
The Arcblock token (ABT)
The ARC is designed as a general-purpose token that can be used in different scenarios. Within ArcBlock, the ABT’s basic utility value is to pay for the cost of using the ArcBlock system.
Unlike Ethereum or Bitcoin, where users typically pay for each transaction, ArcBlock is a service provider for their end users. This approach vastly improves the user experience.
Token Distribution
Volume: 186,000,000 ABT
All tokens pre-minted, no mining required
Maximum token amount for sale: 45%
Marketing & partner support: 8% (with bounty comprising% 1)
Team (Labs): 15%
Miners (community rewards): 32%
Softcap: 12000 ETH
Hardcap: 37500 ETH + 6M CMT
Maximum for private sale: 25000 ETH
Maximum for public sale: 12500 ETH + 6M CMT
ETH (Ethereum) CMT (Cybermiles Token)
PRIVATE SALE
Private sale hardcap: 25000 ETH
1 ETH = 2052 ABT (minimum 150 ETH, 3000 ETH)
Private sale begins: Jan 12, 2018 7pm cst
PUBLIC SALE
Public sale hardcap: 12500 ETH + 6M CMT
1 ETH = 1900 ABT (miniumum 0.1 ETH, 50 ETH)
The public token event will begin on
February 3, 2018, at 7pm CST and end on Feb 10, 2018
ROADMAP
THE TEAM
Details Information :
Website: https://arcblock.io/
Twitter: https://twitter.com/ArcBlock_io
Instagram: https://www.instagram.com/arcblock/
Facebook: https://www.facebook.com/arcblock.io/
Telegram: https://t.me/ArcBlock
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1273699
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