ArcBlock ICO Review - 10 Reasons Why The World’s First Blockchain Ecosystem ArcBlock Is Promising
What is ArcBlock?
This is the very first question every ICO investor should be asking. In a nutshell, ArcBlock is the world’s first blockchain 3.0 ecosystem in which it’s a platform and an ecosystem for building and deploying decentralized blockchain applications. ArcBlock revolutionize the blockchain by solving every problem associated with the use of blockchain.
So, what makes it promising? Well, the following is the top 10 reasons:
1. Platform with Huge Potential
Just as the mainstream platforms like Ethereum, NEO, TRON and etc, ArcBlock will be a platform for building and deploying decentralised blockchain applications. What makes it superior than other platforms is that it comes with an ecosystem which provides all the necessary foundational components for connecting to blockchain networks seamlessly. By re-using the components, existing systems and applications can connect to the blockchain technology easily and quickly. ArcBlock will definitely reduce the complexity and remove the barrier for many existing businesses to run their applications on blockchain network.
2. Well Written Whitepaper
The whitepaper of the ICO had described the problems with today’s blockchains technologies and how ArcBlock platform is going to resolve them with ArcBlock’s technological improvements over the existing platforms. The whitepaper also outlined the ArcBlock system architectures, core components, frameworks, libraries and etc and had illustrated how it will be integrated into real business use cases.
3. Detailed Roadmap
The ArcBlock team has come up with a detailed roadmap from Q1 2017 up to Q1 2019 highlighting all the key milestones that they planned to achieve in each quarter. The team have started with the concept development, proof of concept and prototypes development. Furthermore, they have a five-year plan up to 2022 with aims to become an open, foundational service of the new programmable society, supporting the DAO/DAC and their services/applications.
4. Solid Team
The core team members are of diverse experiences. Robert Mao, former researcher with Microsoft Research, serial entrepreneur, and technology innovator will be the CEO/Chief Architect. While Flavien Charlon, the creator of Colored Coins, Open Assets Protocol, and Openchain will serve as the Chief Scientist. Flavien Charlon has many years of experience in software engineering at Microsoft, building large scale distributed applications. The team have many previous experiences in building actual products in the blockchain industry.
5. Strong Partnership
ArcBlock has been actively building partnership with the global key industry leaders. For example, ArcBlock has participated IBM PartnerWorld program and working in progress to become an IBM blockchain partner. In addition, ArcBlock has also joined the SAP blockchain co-innovation program. On the other hand, CyberMiles, a decentralised online marketplaces has also announced a partnership with ArcBlock to use ArcBlock’s blockets to build business ready contract templates.
6. Low Token Supply
The total supply of ArcBlock Token (ABT) is relatively low compared to other project of similar scale. ArcBlock will only have 186,000,000 ABT pre-minted. There is no mining required with power consuming hardware. Since the token supply is low, the token price is likely to have bigger room to further appreciate in the future when the platform becomes popular and the token demand increase.
7. Technology Breakthrough
ArcBlock’s optimized blockchain is targeted to achieve the design goal of 100,000 tx/s. If we put this into perspective, Ethereum is designed to handle 20 tx/s and Lamden can handle 10,000 tx/s. Therefore, it’s much faster and able to support most of the today's business use cases. ArcBlock is also designed to run natively in cloud environment. It is the first platform with such design principle in the world. As part of the roadmap, the ArcBlock platform will be extended to support all major cloud platforms including AWS, Windows Azure, Google Computing Engine, Aliyun, Tencent Yun, etc.
8. Support Multiple Blockchains with Different Protocols
ArcBlock is not meant to be competing with the other mainstream blockchains (e.g. Ethereum, Hyperledger and etc). Instead, it’s created with the objective to be integrated into those existing blockchains. ArcBlock will be the first platform in the world to support blockchain with different protocols using Open Chain Access Protocol. This technology will prevent application developer from locking into a specific or proprietary blockchains.
9. User Friendly and Open
For blockchain-based applications to reach mass adoption stage, it has to be user-friendly. ArcBlock is designed using the top-down approach with prime focus on the user experience. For applications developed on ArcBlock platform, users would be able to access to the blockchain simply by using a web browser (No additional plugins required) or a mobile application downloaded from app store.
10. Marketplace App
What makes ArcBlock distinctive is that there will a Marketplace specially built on ArcBlock platform. The Marketplace will be a decentralized application for listing, searching, evaluating, using, and ranking reusable components. Thus, this will increase the popularity among developers and spur development and adoption on ArcBlock platform.
To learn more about ArcBlock, visit their website, follow their twitter or join their Telegram chat group.
ArcBlock Website
ArcBlock Whitepaper
https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
ArcBlock Telegram Chat
ArcBlock Twitter
https://twitter.com/ArcBlock_io
[ANN][AB] ArcBlock - BORN FOR BLOCKCHAIN 3.0 https://bitcointalk.org/index.php?topic=2699379.0
Disclaimer: This article is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1524420
No proof of IBM partnership. No proof of code on github. No evidence of actual development team. Flowery language. Fake accounts leading to random folks in Indonesia. #arcblock $arcblock be careful people.
Lol fud promoter creating multiple accounts.
I'm watching ARC but will probably wait to see what kind of dump they have at launch and buy during that time. The reasons I'm a little wary are: 1. Theteam has no blockchain experience which makes it tough (although not impossible). 2. The company holds more coins than the traders so they control it (centralized). 3. The last piece is that they are trying to play catch up to other platforms (Eth, Neo, etc).
The IBM link is a big thing though and I will watch and probably buy some, just not ICO.
Thanks for your comment.
I didn’t manage to buy any token during the crowd sale because it was sold out too fast. I will be checking its price when it hits the exchange. If the price is good, I will grab some tokens.