ArcBlock is a blockchain project that stands out in providing the platform and tools needed to develop and deploy decentralized applications. The project positions itself as a complete blockchain 3.0, providing a comprehensive solution for developers who want to launch and manage dApps efficiently.
However, many people still don’t fully understand ArcBlock and its potential. Therefore, the following article by AZCoin will provide an overview of ArcBlock, including its pros, cons and detailed information about the ABT token.
What is ArcBlock (ABT)?
ArcBlock (ABT) is a blockchain 3.0 platform aimed at building and deploying decentralized blockchain applications. The project was born with the goal of connecting existing systems with blockchain technology, allowing business processes to be automated through system-linked identities and data.
ArcBlock supports data storage and processing through the cloud and a network of decentralized nodes, facilitating the rapid and efficient construction of dApps.
How ArcBlock works
ArcBlock uses a suite of cutting-edge technologies such as Cloud Node, Blocklet and the Open Chain Access protocol. These components combine to provide a complete blockchain solution, making it easy for developers to build and operate dApps without worrying about managing complex infrastructure.
- Blocklet is the core of ArcBlock, providing a serverless computing model to run various applications. It communicates with blockchains through the Open Chain Access protocol, allowing dApps to operate on various blockchains such as Bitcoin, Ethereum and Hyperledger.
- Cloud Node allows ArcBlock to operate on the cloud, making it easy for the project to scale and ensure high availability.
- The Open Chain Access protocol eliminates the lock-in problem, allowing applications to run on many different blockchains without having to migrate to other blockchain platforms.
Pros and Cons of ArcBlock
Pros
- High scalability: ArcBlock uses Cloud Node technology, which enables the system to scale flexibly without the traditional limitations of blockchain.
- Multi-Chain: ArcBlock is interoperable with multiple blockchains, from Bitcoin to Ethereum and many more, optimizing dApp development capabilities.
- User-friendly interface: ArcBlock provides easy-to-use tools for both developers and end users, making dApp development and deployment easier.
- Interoperability: ArcBlock can connect to existing systems, helping businesses transition to blockchain technology seamlessly.
Cons
- Cloud dependency: Reliance on cloud services can pose security risks and control to service providers.
- High competition: ArcBlock faces competition from other prominent blockchain projects such as Ethereum, Polkadot and Solana, which already have strong ecosystems and communities.
- Not yet widely popular: Compared to other major blockchain platforms, ArcBlock isn’t really well known among the non-technical user community, which could hinder long-term growth.
- Deployment complexity: While the platform is capable of integrating across blockchains, deploying and optimizing dApps on ArcBlock still requires in-depth knowledge of blockchain and cloud computing technologies.
Basic information about ABT token
What is an ABT token?
ABT is the official token of the ArcBlock platform. It’s not only a means of payment in the ecosystem but also plays an important role in stimulating and encouraging users to participate in the ArcBlock decentralized network.
ABT is used to pay service fees, transactions and incentive rewards for participants who provide resources to the system.
Technical parameters
- Token code name: ArcBlock
- Ticker: ABT
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token type: Utility, Governance Token
- Contract: 0xb98d4c97425d9908e66e53a6fdf673acca0be986
- Total supply: 186,000,000 ABT
- Market Cap: $164,929,101
- Circulating Supply: 98,554,305 ABT
- Fully diluted market cap: $311,282,532
- Volume 24h (16/09/2024): $464,131
ABT token allocation
With the total supply as above, ABT is allocated as follows:
- 45% for community and developers.
- 25% for the founding team.
- 20% for strategic investors.
- 10% for partners and ecosystem development.
Where is ABT traded?
ABT token is currently being traded on many best crypto exchanges, including Binance, Kucoin, Bitget, MEXC, Huobi, OKX and many other DEXs,…
Secure ABT token storage wallet
Users can store ABT tokens on secure cold and hot wallets such as Ledger, Trezor or decentralized wallets such as MetaMask. In addition, ArcBlock also provides its own wallet to store ABT on its own platform.
Team development, inventors and partner of ArcBlock
Team development
ArcBlock is led by an experienced team with prominent members such as:
- Robert Mao is the Founder and CEO of ArcBlock. He has many years of experience in the technology field, having worked at Microsoft and contributed significantly to the development of blockchain.
- Flavien Chalon is the Co-Founder, with a background in software engineering and experience developing complex systems.
- Jean Chen is the Vice President of Marketing, responsible for branding and communication strategy.
- Joe Wallin is the project’s legal advisor, assisting ArcBlock in complying with legal regulations related to blockchain and cryptocurrencies. is well known among non-technical users, which can hinder long-term development.
Inventors & Partner
ArcBlock has a strong partner network, including major organizations such as IEEE, The Linux Foundation, Hyperledger, W3C,…. These partners play an important role in developing the technology and expanding the scope of ArcBlock applications.
Should I invest in the Neiro Ethereum project?
It can be said that investing in ABT token is a potential option for those who are interested in blockchain technology and want to participate in the decentralized ecosystem.
With an experienced team, strong strategic partners and advanced technology, ABT can grow strongly in the coming years. It’s predicted that ABT price can double in the next 2-3 years thanks to the development of ArcBlock and the widespread adoption of blockchain in business.
Summary
This article by AZCoin has provided you with an overview of the ArcBlock (ABT) project, from how it works, its pros and cons, to information about the ABT token. Hopefully, after reading the article, you will have a deeper insight into the potential of investing in ArcBlock and make smart decisions for yourself.
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
