ARCBLOCK-BORN FOR BLOCKCHAIN 3.0
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.
What problems can ArcBlock solve?
ArcBlock aims to build a scalable, extensible, and easy-to-use platform for building and deploying decentralized blockchain applications.
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.
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.
THE TOKEN ECONOMY AND THE SERVICE
What makes ArcBlock unique is that it’s not just a set of APIs or libraries—it’s a robust platform with a full set of features. In addition, the service runs on top of its own native token system, which is driven by latest blockchain technology.
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.
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. Like a cloud computing service, the ABT is a utility token for paying the cost associated with using the service.
Unlike Ethereum or Bitcoin, where users typically pay a fee for each transaction they make, ArcBlock is designed to let application providers pay the transaction fees for their end users. This approach vastly improves the user experience. Developers pay on a monthly basis, enabling them to add up small units and save money. ArcBlock also request developers to lock in a number of ARC token as a stake when they need to provide mission critical services.
ArcBlock tokens map to ERC20 tokens 1:1. This simplifies token exchanges and allows developers to tie into the Ethereum community. Application developers can take advantage of the existing ecosystem built on the ERC20 token while also leveraging a high-performance and full-featured token service. While this mapping is necessary today, we anticipate that it may become obsolete as the ARC matures and the ArcBlock community grows.
**THE MINERS **
ArcBlock allow contributors (“miners”) to run ArcBlock platform services and join the overall service network. The role of miners within the ArcBlock community is significantly different from that of Bitcoin and Ethereum contributors, however.
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.
In ArcBlock’s design, Miners may provide the computing resources for their own use only, share them across multiple parties, or share them with anyone. The choice of model is entirely up to the miner, and can be changed as they need to.
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.
A smart contract defines how the miner’s fee will be distributed if the component is developed by multiple parties. It will also define the rules for how the code for the component is forked.
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.
The marketplace is also responsible for maintaining public feedback about the quality of components and the reputation of their developers, as well as other information. This information will help users evaluate reusable components. All the marketplace information are recorded in the public ledger powered by ArcBlock’s blockchain technology to ensure transparency and the trust.
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.
The ArcBlock token is implemented entirely with Blocklet. The token foundation service is also powered by Blocklets, and the Token Economy Service consists of a group of Blocklet Building Blocks. Application developers can use Blocklet to easily handle events triggered by tokens and accomplish complex business logic. The distributed ledger in ArcBlock ensures that your tokens are secure, high performing, and reliable.
Just like any other Blocklet components, the Blocklets for the token foundation service can also be improved and extended by the blockchain community .
**APPLICATION TOKENS **
With ArcBlock, developers can also create their own custom tokens that inherit all of the features of our native token.
ArcBlock makes it easy to build your own economy. Tokens aren’t just for cryptocurrencies, however. They can represent many different things, from user identities, certifications, and documents to realworld entities. ArcBlock enables you to tokenize everything in your application.
In the near future, you’ll be able to make initial coin offers (ICOs) with ArcBlock’s application token once you’ve built and deployed your applications with ArcBlock.
Public sale registration has started! For those who missed the private sale, seize the chance!
The new age of blockchain technology is born
Quote from Arcblock Official Facebook"In less than one day, we have got 25,000+ KYC applications and 45,000+ signup since the start of our public sale registration last night! It will take our team 5-7 days to go through everything in detail. So please be patient. Thank you all for your support! #arcblock #ICO #blockchain"
Come and join this GREAT PROJECT ! I bealive this project will success !
For more info check here :
Website : https://www.arcblock.io/
Whitepaper : https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
Arcblock ANN Thread : https://bitcointalk.org/index.php?topic=2699379
Author : muamalah01
BTT URL : https://bitcointalk.org/index.php?action=profile;u=1117157