Arcblock! Blockchain 3.0!

aivaryamal (58)in #ico • 8 years ago (edited)

The blockchain is a simple digital platform for registration and verification of the transaction so that they could not be subsequently erased by other people and was always visible to all. The blockchain can be imagined in the form of registry that are write-only. List positions cannot be deleted.

But exactly what is missing in this technology, and identifies an ambiguous attitude towards it. Where records are kept, shall be, accountant, or employee who supervises correctness of any data registry. In the case of blockchain technology, responsible for accounting person does not exist. This decentralized sheet is filled with lots of people and relies on cryptography, not some Central authority.

Each time when the block chain is the transaction, the transaction is sent to several nodes in the network.Bitcoin. In fact, every participant in the process Bitcoin is a copy of the registry and can check it for inconsistency. This is called a distributed registry. The order of transactions is also confirmed by a cryptographic process which relies on the joint computing power of the crowd.

But this technology has disadvantages, as it still requires development and improvement. And eliminate all these issues does the project team Arcblock.

The project team Arcblock aims to create and develop platformuna a decentralized basis for applications, which every day becomes more and the number of users is also growing at a rapid pace, which inevitably leads to network congestion, transactions, other operations, and this hinders their work.

This ecosystem will combine the blockchain network and to accelerate many processes that use the data, information. And it also will further help the company to admit that the blockchain technology is the future in increasing the speed and volume of transactions over a period of time.

It is no secret that today there are problems with blockchain in transaction processing: they are becoming more and more transaction fees increases, for example, for sending bitcoin, but said that at the initial stage it will be one of the main advantages of using digital money, that is low fee. Therefore, this problem needs to be resolved quickly and to develop the technology further.

And the growth of capitalization of cryptocurrencies is growing every day, which also shows the progress of the development, use and therefore will need to perform several tens of millions of transactions every day in the near future.

You can see a simple example how it begins to behave your phone when it is downloaded a lot of apps and it starts to slow down. And thanks to this idea, they will be decentralized, which will reduce the use of an operating memory of your device and, accordingly, its quick work. They also want to significantly simplify the method of use of the blockchain that people were much easier to understand and use.

To start using the blockchain in a mass format, that is today very expensive, not everyone can do it. In addition it is a drawback for common users and for developers of useful apps. Making it cheaper or free people will be able to monetize your data, development, services, and this will help to increase its popularity and development.

It still lacks versatility and it is at the stage of conception. Arcblock will also be a platform for services and applications that combine cloud computing and blockchain technology. Everyone here will be able to benefit from simple user who uses the services or bring them to the miners, they will be rewarded with tokens platform.

And that's not the whole list of benefits of the project: it is built for the new economy of tokens, each will be encouraged for the contribution to the development of the platform; the interface will be oriented to ordinary users for better and quick understanding, accessible directly from the web browser without requiring the installation of plugins as the other; the source code is open, which also improves interaction with application developers, services; function be on the cloud, the number of which can be combined.

If to compare with existing cryptocurrency such as Bitcoin, which is a work on blockchain technology 1.0, then Ethereum, which is a smart contracts and blockchain 2.0, Arcblock, given the shortcomings of the first two will be blockchain 3.0

Another important advantage is the use of the Protocol Blocklet, which includes all the latest and best benefits of microservices architecture and can be integrated on any platform with support for all languages.