ArcBlock

ArcBlock (ABT) is a new decentralized developer platform that simplifies the development of Distributed Ledger Technology (DLT) and blockchains. DLT is a protocol that permits the secure functioning of a decentralized digital database. ArcBlock is a blockchain ecosystem that aims to create and deploy decentralized applications (DApps) and make them accessible and useful in everyday lives. The platform solves the problems of poor performance, cost, lack of features through its new revolutionary design.

The platform is a comprehensive solution, combining blockchain technology with Cloud computing. Cloud computing is the delivery of different services by the internet. ArcBlock’s unique design aims to give a high-performance, cost-efficient, user-friendly, and protocol-agnostic platform.

Furthermore, the platform is an incentive-driven marketplace for reusable components, services, and even applications. ArcBlock’s introduce Open Chain Access Protocol that allows open connectivity over multiple blockchain protocols. The advantages of the platform are:

The entire ArcBlock service is driven by token economy.

Optimized for the best experience – ArcBlock platform uses a “top-down” strategy that centres on the user experience.

The platform is designed to run natively in the cloud.

The platform is open-standard and actively contributes to various blockchain technology communities.

Additionally, Blocklet is a computing architecture component of ArcBlock for running various applications. Blocklet communicates with blockchain by ArcBlock’s Open Chain protocol and can get used for smart contracts, oracle, resources, asset handling, and off-chain business logic. A smart contract is a self-regulated contract with the term of the agreement between traders directly written into lines of code.