ArcBlock ICO INFORMATION
REVIEWS
ArcBlock is a platform and ecosystem for building and implementing decentralized blockchain applications. This platform goes beyond providing the basic components needed for blockchain use to strengthen complex business rules. It connects the existing system with blockchain network,
allows you to automate business processes by using data and identities associated with those on the system.
ArcBlock's main goal is to remove obstacles that have slowed the adoption of blockchain among the masses. We are also excited to develop a unique approach that will significantly advance the face of blockchain
COST
The very high cost of using blockchain technology is a major obstacle to mainstream adoption. I also limit developers who need the flexibility to build free services. Just like today's web and mobile apps, users do not have to pay for every little action. Similar to the internet, blockchain technology should be able to support free apps.Creating a free blockchain to use is a broad adoption key. The free platform will also empower developers and businesses to create valuable new services that they can monetize, rather than having users pay the cost of using blockchain networks.
PLATFORM LOCK-IN
Like the first days of any computing technology, blockchains have a critical "platform lock-in" problem. The developer must decide which blockchain to support, then apply the platform-specifickode which makes it very difficult to switch apps to different blocks later on.Developers do not want to be locked to work with certain blockchain technologies. They needfreedom to evaluate, use, and switch between options. Some applications may even need to runmultiple platforms to provide the best user experience....
ARCHITECTURE
ArcBlock aims to build a scalable, extensible, and efficient platform.
platform to build and deploy a decentralized blockchain application.
DESIGN PRINCIPLES
The ArcBlock design is based on the following core principles:
ARCHITECTURE SYSTEMS
The ArcBlock Platform introduces a series of revolutionary technologies designed for the mainstream
application blockchain by making it easy for the average consumer to use it.
PROTOCOL OPEN CHAIN ACCESS
Our open source protocol provides an abstract layer to access the underlying blockchains. Similarto the ODBC or JDBC interface to a set of databases, our Open Chain Access Protocol allows youapplications to work on various blockchains. No need to change your business or work logicsome technology chains.Chain Adapters can be built by the community and driven by an incentive mechanism. This willenable ArcBlock to support many blockchain protocols and keep improving.
BLOCKLET
Blocklet is a computational architecture component without a server to run different types of applications.Use Blocklet for smart contracts, prophecies, resource handling and assets, and off-chain business logic.Blocklets communicate with blockchains through ArcBlock's Open Chain Access Protocol, and it can bearranged with our Algorand based consensus algorithm.Anyone can use Blocklet to build services and components and give them incentives system. Community members will receive tokens when others use their contributions.
BLOCKLET COMPONENTS
Blocklet Components are pre-built blocks that form the foundation of the ArcBlock platform. MostArcBlock features (such as token services, user identity services, etc.) are implemented withthey. The Blocklet component is highly reusable and customizable.Inserting a pre-built Blocklet Component into your app to get up and running quickly. Weprovides components for user identity management, utility tokens, wallets, messages, notificationsservice, and more. Use them out-of-the-box, or as a customizable starting point for yourselfcreation.Blocklet components can also be built and donated by the community. They are managed through.ArcBlock Marketplace app.
DECENTRALIZED PUB / SUB GATEWAY
The distributed messaging system supports pub / sub and acts as an API gateway for Blocklet.The ArcBlock Gateway uses a decentralized design and secure communication channel. Your applicationwill run on both web browsers and mobile apps, giving users active and real-time experience.Gateway supports various network protocols by default, including WebSocket, DDP, HTTPS, andMQTT. Advanced developers can extend gateways with new network protocols to fit their needs.
MARKETPLACE AND ECONOMIC TOKEN
ArcBlock comes with a token economic manager that can be customized for applications built on platforms.Applications can even create unique utility tokens that inherit all ArcBlock features.ArcBlock Marketplace is an native application built in ArcBlock to allow contributing communitiesand exchange reusable components (such as Chain Adapters, Blocks, or even apps).
The diagram below shows a high-level view of the platform architecture. Detailed descriptions of
some of the core components appear in the next section.
CLOUD NODES
While using a group of cloud services as a node may seem like an unusual approach, a physical
computer is simply a group of hardware components that work together (CPU, memory, external
storage, bus, network interfaces) in one box. Aside from how the components are distributed and
communicate with each other, they’re essentially the same. ArcBlock is the first blockchain platform
to treat cloud services as nodes, achieving a much higher level of abstraction, enhanced performance,
and even better security. We believe this approach will likely become the de facto standard for future
blockchain platform design, and we as a pioneer will lead the trend as technology evolves.
Although ArcBlock’s preferred node is a cloud node, you can still run ArcBlock in a single traditional
node like a server box. In a test or private environment, developers likely run the node locally, or in their
test server boxes.
Using a cloud node won’t compromise the decentralization and security of the system. In fact, it takes
decentralization and security to the next level.
The cloud platform’s own security is enforced by cloud service providers. Most likely, the servers and
services from a cloud service provider will be more secure and reliable than self-hosting servers, and
far more secure and reliable than peer-to-peer connected nodes from homes or mining farms.
The decentralization aspect of using a cloud node is even more interesting, since a cloud node is
likely a distributed service that runs on multiple servers from multiple availability zones, or even
different regions. In the future, cloud nodes could be offered by various providers and cloud computing
vendors. Some may even be self-hosted mining service providers. This makes the system much more
decentralized indeed.
CORE COMPONENTS
The following sections offer more detailed descriptions of our key components and core algorithm. This section assume that you have an advanced understanding of blockchain technology and computer science. If you’re not interested in detailed information about the components and would rather learn more about using the platform, feel free to skip this section.
OPEN CHAIN ACCESS PROTOCOL
ArcBlock’s Open Chain Access Protocol enables your application to adapt to a variety of blockchain protocols including Bitcoin, Ethereum, Hyperledger, and more. The Open Chain Access Protocol will be open sourced with an MIT license so that everyone in the blockchain community will be able to 12 contribute, create extensions, and make improvements. We will develop the protocol in private mode,
then open source it once we reach the release candidate milestone.
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 the 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.
ArcBlock is a platform and ecosystem for building and implementing decentralized blockchain applications. This platform goes beyond providing the basic components needed for blockchain use to strengthen complex business rules. It connects the existing system with blockchain network,
allows you to automate business processes by using data and identities associated with those on the system.
ArcBlock's main goal is to remove obstacles that have slowed the adoption of blockchain among the masses. We are also excited to develop a unique approach that will significantly advance the face of blockchain
COST
The very high cost of using blockchain technology is a major obstacle to mainstream adoption. I also limit developers who need the flexibility to build free services. Just like today's web and mobile apps, users do not have to pay for every little action. Similar to the internet, blockchain technology should be able to support free apps.Creating a free blockchain to use is a broad adoption key. The free platform will also empower developers and businesses to create valuable new services that they can monetize, rather than having users pay the cost of using blockchain networks.
PLATFORM LOCK-IN
Like the first days of any computing technology, blockchains have a critical "platform lock-in" problem. The developer must decide which blockchain to support, then apply the platform-specifickode which makes it very difficult to switch apps to different blocks later on.Developers do not want to be locked to work with certain blockchain technologies. They needfreedom to evaluate, use, and switch between options. Some applications may even need to runmultiple platforms to provide the best user experience....
ARCHITECTURE
ArcBlock aims to build a scalable, extensible, and efficient platform.
platform to build and deploy a decentralized blockchain application.
DESIGN PRINCIPLES
The ArcBlock design is based on the following core principles:
- The user experience comes first.
- Performance is important.
- The system will be built with open standards.
- This system will build an Incentive-based economy.
ARCHITECTURE SYSTEMS
The ArcBlock Platform introduces a series of revolutionary technologies designed for the mainstream
application blockchain by making it easy for the average consumer to use it.
 |
| Fig: High-level Overview of ArcBlock |
Our open source protocol provides an abstract layer to access the underlying blockchains. Similarto the ODBC or JDBC interface to a set of databases, our Open Chain Access Protocol allows youapplications to work on various blockchains. No need to change your business or work logicsome technology chains.Chain Adapters can be built by the community and driven by an incentive mechanism. This willenable ArcBlock to support many blockchain protocols and keep improving.
BLOCKLET
Blocklet is a computational architecture component without a server to run different types of applications.Use Blocklet for smart contracts, prophecies, resource handling and assets, and off-chain business logic.Blocklets communicate with blockchains through ArcBlock's Open Chain Access Protocol, and it can bearranged with our Algorand based consensus algorithm.Anyone can use Blocklet to build services and components and give them incentives system. Community members will receive tokens when others use their contributions.
BLOCKLET COMPONENTS
Blocklet Components are pre-built blocks that form the foundation of the ArcBlock platform. MostArcBlock features (such as token services, user identity services, etc.) are implemented withthey. The Blocklet component is highly reusable and customizable.Inserting a pre-built Blocklet Component into your app to get up and running quickly. Weprovides components for user identity management, utility tokens, wallets, messages, notificationsservice, and more. Use them out-of-the-box, or as a customizable starting point for yourselfcreation.Blocklet components can also be built and donated by the community. They are managed through.ArcBlock Marketplace app.
DECENTRALIZED PUB / SUB GATEWAY
The distributed messaging system supports pub / sub and acts as an API gateway for Blocklet.The ArcBlock Gateway uses a decentralized design and secure communication channel. Your applicationwill run on both web browsers and mobile apps, giving users active and real-time experience.Gateway supports various network protocols by default, including WebSocket, DDP, HTTPS, andMQTT. Advanced developers can extend gateways with new network protocols to fit their needs.
MARKETPLACE AND ECONOMIC TOKEN
ArcBlock comes with a token economic manager that can be customized for applications built on platforms.Applications can even create unique utility tokens that inherit all ArcBlock features.ArcBlock Marketplace is an native application built in ArcBlock to allow contributing communitiesand exchange reusable components (such as Chain Adapters, Blocks, or even apps).
The diagram below shows a high-level view of the platform architecture. Detailed descriptions of
some of the core components appear in the next section.
CLOUD NODES
While using a group of cloud services as a node may seem like an unusual approach, a physical
computer is simply a group of hardware components that work together (CPU, memory, external
storage, bus, network interfaces) in one box. Aside from how the components are distributed and
communicate with each other, they’re essentially the same. ArcBlock is the first blockchain platform
to treat cloud services as nodes, achieving a much higher level of abstraction, enhanced performance,
and even better security. We believe this approach will likely become the de facto standard for future
blockchain platform design, and we as a pioneer will lead the trend as technology evolves.
Although ArcBlock’s preferred node is a cloud node, you can still run ArcBlock in a single traditional
node like a server box. In a test or private environment, developers likely run the node locally, or in their
test server boxes.
Using a cloud node won’t compromise the decentralization and security of the system. In fact, it takes
decentralization and security to the next level.
The cloud platform’s own security is enforced by cloud service providers. Most likely, the servers and
services from a cloud service provider will be more secure and reliable than self-hosting servers, and
far more secure and reliable than peer-to-peer connected nodes from homes or mining farms.
The decentralization aspect of using a cloud node is even more interesting, since a cloud node is
likely a distributed service that runs on multiple servers from multiple availability zones, or even
different regions. In the future, cloud nodes could be offered by various providers and cloud computing
vendors. Some may even be self-hosted mining service providers. This makes the system much more
decentralized indeed.
CORE COMPONENTS
The following sections offer more detailed descriptions of our key components and core algorithm. This section assume that you have an advanced understanding of blockchain technology and computer science. If you’re not interested in detailed information about the components and would rather learn more about using the platform, feel free to skip this section.
OPEN CHAIN ACCESS PROTOCOL
ArcBlock’s Open Chain Access Protocol enables your application to adapt to a variety of blockchain protocols including Bitcoin, Ethereum, Hyperledger, and more. The Open Chain Access Protocol will be open sourced with an MIT license so that everyone in the blockchain community will be able to 12 contribute, create extensions, and make improvements. We will develop the protocol in private mode,
then open source it once we reach the release candidate milestone.
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 the 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.
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.
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Author : dhanax
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Author : dhanax
Bitcoin talk profile: https://bitcointalk.org/index.php?action=profile;u=1756085
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