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 existing system to blockchain networks, enabling people to automate business processes using the data and identities associated with existing systems.
– to remove the barriers that have slowed blockchain adoption among the general public. It also passionate about developing unique approaches that will significantly advance blockchain development.
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 Developers don’t want to be locked into working with a certain blockchain technology. They need the freedom to evaluate, use, and switch between options. Some applications may even need to run on multiple platforms to provide the best user experience.
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.
ArcBlock’s design is based on following core principles:
– The user experience comes first.
– Performance matters.
– The system will be built on an open standard.
– The system will build upon an Incentive-driven economy
Blocklet is a serverless computing architecture component for running various types of applications. Use Blocklet for smart contracts, oracle, resource and asset handling, and off-chain business logic. Blocklet communicates with blockchains through ArcBlock’s Open Chain Access Protocol, and can be orchestrated with our Algorand-based consensus algorithm. Anyone can use Blocklet to build services and components and contribute them under the incentive system. Community members will receive tokens when others use their contributions.
The ArcBlock Token (ABT)
The ArcBlock Token (ABT) is native to the ArcBlock platform. To achieve high-performance transactions, was being 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.