Do you really think that most people know about the blockchain? Can they trust it? Here is the problem; our society needs something clear and safe to use it. So here we are. ArcBlock – The project, that’s going to show us that the future is closer than ever.
The first thought that arises with a fleeting glance at the ArcBlock project, this is one more ICO, with one more token, which should not get much attention. However, if you dig a little deeper, you can see that the project is well-thought-out and it can make an unbelievable revolution.
Such a progressive technology should not stay only on the Internet. Its implementation in the real world will allow developers to move the blockchain from only financial part to other branches that the society needs much more. Now the blockade is extremely limited in functionality, but the crew from the ArcBlock project is ready to solve this problem. Don’t forget that the current blockchain requires very big costs to start, that’s why it repels many developers and investors and slows down its development and adaptation of modern society.
ArcBlock is going to fully reveal the potential of blockchain technology. This is kind of hybrid between cloud computing and regular blockchain. With the help of the Open Chain Access Protocol, and the Blocklet, which is a core of the entire system, this project will enable developers from all over the world to create decentralized applications and programs for Android, Windows, Mac OS, Linux, and for the internet browser. AWS and Windows Azure will be basic cloud platforms for the functioning of ArcBlock , but the project’s team is going to run it with Google Compute Engine too in the shortest terms.
The revolutionary of idea contains solving one of the main problems and shortcomings, which 2 previous versions of the blockchains have. Blockchain 3.0 will make this technology accessible and understandable for people. The creation of decentralized applications (Dapps) will allow the introduction of technologies, which developed on the ArcBlock platform, in many areas of our society. Dapps will not need “middlemen” to work, it brings directly connection for users. Safe using, data security, a confidence of using the applications and of course real finance internet will make a jump into the future possible, and this is the deal that the project provides.
In one of his speeches ArcBlock’s Founder and Lead Architect, Robert Mao said that today people, discussing blockchain, don’t know other cryptocurrencies except for Bitcoin. Today, blockchain have already shown first achievements with dapps at the core. Decentralized apps will be valued much more that cryptocurrencies have been valued today. The aim of founding ArcBlock and creating a global team is creating the next-generation blockchain ecosystem for building and deploying decentralized applications. Their crew is highly excited about the bright future of blockchain, and this is definitely the best way of developing.
ArcBlock creates its own cryptocurrency, which will be used as a reward for miners and developers, who gives their computing power or applications to the system.
ArcBlock token (ABT) will have maximum quantity of 186,000,000 coins. 45% of this currency is going to be sold on public and private ICO sales at a price of $0.63 per token. Private sale have been stared since January, 12 with currency rate of 1 ETH = 2052 ABT, and public sale is going to start on February, 3 to February, 10 with currency rate of 1 ETH = 1900 ABT. Investors will have an opportunity to buy ABT using the CyberMiles Token which rate will be set before sales.
Summing up, we can confidently say that the ArcBlock is a future for progress and it is being waited by many users, investors, and developers. The platform claims to be the first ecosystem, which is created to develop decentralized applications. With a high probability, the project ArcBlock will help to solve the blockchain problems by creating Blockchain 3.0
If the project’s team will really succeed in making the blockchain accessible and understandable for the society, introduce its innovations into the real world and diversify its using possibilities, in the next decade progress will make an incredible leap. Bitcoin brought the blockchain as a tool for the development of finance, Ethereum improved it, but ArcBlock will destroy barriers of adapting it in the modern world.
Project links
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Authored by: Malabarka