ArcBlock (ABT) operates as a third-generation blockchain ecosystem. It supports the latest and most advanced Dapp and DeFi functionalities while empowering creators to build faster and more useful applications. Arcblock’s developers see the project as a vital step towards making Dapps accessible to everyone and a part of daily life. Here’s everything you need to know about ArcBlock (ABT).
Blockchain 3.0
The developers behind ArcBlock label it the first “Blockchain 3.0” network. This designation refers to the network’s advanced programmability, decentralized nature, and support for collaboration between creators. Since its launch, ArcBlock has helped pioneer modular Dapp development processes, driving innovation in the sector.
Source – ArcBlock (ABT)
What Problems Does ArcBlock Attempt to Fix?
ArcBlock developers specifically targeted multiple pain points in the market. For one, they wanted to eliminate much of the developer restrictions and workload. Specifically, the use of blocklets, which are programmable modules, helps improve Dapp creation times. Also, the network’s user-friendly interface provides direct access to every tool you need to create, deploy, and manage web3-powered dapps.
Lack of Collaboration
One core aspect of ArcBlock’s strategy is to help bring together the creator community to drive innovation. The protocol provides developers a secure location to build, share, monetize, and collaborate. It provides multiple incentivization strategies to encourage more participation from the developer community.
For one, ArcBlock is compatible with Ethereum, the world’s largest Dap and DeFi ecosystem. By incorporating ERC aspects into the platform, the developers successfully reduce user confusion and developer onboarding while fostering collaboration between the two ecosystems.
Zero-Code
One of the biggest roadblocks to Dapp creation is a lack of access to professional blockchain coders. Thankfully, Archblock’s use of blocklets eliminates the need for coding. Anyone can utilize these assets to integrate the features and services their dapp requires without learning blockchain programming languages.
Lack of Security
Security concerns are always at the top of the list for new blockchain developers. The blockchain sector has seen massive hacks over the years. Many of these attacks have resulted in millions in losses. ArcBlock developers enjoy a higher level of security thanks to the use of blocklets. These modules are built to interact securely and have been audited to ensure no coding errors.
Another security concern that ArcBlock tackles is online identities. Every time you register on a new website, you provide a host of information that’s then left to the responsibility of that party. History has shown that, in many instances, this data is vulnerable to attackers. W
hen this data gets stolen by hackers, it can result in major losses. Archblock’s DID system utilizes a blockchain identity token to validate your identity. This approach eliminates the need to share personal info with third parties. It can also help secure interactions between hardware.
Benefits of ArcBlock
ArcBlock users enjoy some cool benefits. For one, the network provides developers and users direct access to a comprehensive blockchain ecosystem that includes everything needed to integrate digital assets into your daily life. The developers emphasized usability and practicality, making ArcBlock the ideal solution for high-volume dapps and GameFi options.
Scalability
Scalability is another topic that blockchain developers can’t take lightly. ArcBlock was built from day one to support high transaction throughput. It integrates side chains and off-chain processing as part of this strategy. Both remove some transactions and processing from the mainnet, enabling high volume, which is ideal for Play-to-Earn Dapps and more.
Gasless Blockchain
Gas is the way that blockchains pay users to execute certain tasks. In the past, gas prices were tied to the network’s congestion. The higher the usage, the higher the gas prices. This setup resulted in networks like Ethereum becoming too expensive for certain use cases. ArcBlock introduces a gasless architecture ideal for today’s highly intuitive and interactive dapp and gaming ecosystems.
Empowers Developers
There are several ways in which ArcBlock empowers developers. The network introduces powerful tool kits, training guides, and blocklet modules. Additionally, developers can leverage a cloud-based development environment to design and incorporate new advancements into their creations. ArcBlock’s creator studio, NFT tools, and Web3 interconnectivity make it a smart option for development.
Interoperability
To provide users with the most liquidity and usability, your dapps must have a high level of interoperability within the market. Every blockchain has strong features that make it stand out. ArcBlock builders can integrate advanced features from other networks like Ethereum, driving innovation and collaboration.
How Does ArcBlock Work?
ArcBlock is a layer 1 PoS (Proof-of-Stake) network that allows users to stake their tokens to validate the blockchain. The platform includes tools and features that support the creation, deployment, storage, and trading of blockchain components and assets.
Blocklets
Blocklets are software modules that enable the activation of popular features and services. They require zero coding and are completely reusable. These modular building blocks reside at the core of ArcBlock’s strategy to streamline the creation and deployment of customized Dapps and assets.
DID Wallet
The DID wallet is a purpose-built digital identification system that utilizes the security of blockchain protocols to enhance operations. The system provides users with an easy way to create universal digital identifications that streamline onboarding and other crucial elements of the ecosystem and beyond. Notably, DID systems help secure user and network interactions, including hardware such as IoT (Internet of Things) devices.
NFT Studio
Another core component of ArcBlock is the NFT studio. Non-fungible tokens are unique digital assets, representing anything from real-world items like real estate to metaverse and other virtual assets. Notably, NFTs are one of the most popular and fastest-growing sectors in the blockchain industry.
ArcBlock supports the creation of NFTs for a massive selection of use cases. Users can create and integrate these digital assets into their works in a streamlined manner. These assets provide holders true ownership over their digital creations, enabling a new level of incentivization across multiple industries. ArcBlock has found strong support in the Play-to-Earn economy, offering developers an easy way to integrate these assets into their digital worlds and driving user incentivization.
AI Services
The AI services feature provides developers with direct access to AI options and integration tools. Adding AI to your next Dapp can be a smart way to improve the UX and make your platform more capable. AI modules and other programming tools make it easy to offer next-gen services to your users without raising costs or development times.
Data Marketplace
ArcBlock hosts a data marketplace where users can securely trade their creations. Here, you can find new modules, NFTs, and other digital assets. The system provides a secure and fully trackable way to exchange assets across the ArcBlock ecosystem. Create new modules and data to secure rewards from others.
ArcBlock (ABT) Token
ABT is the main utility token for the ArcBlock economy. This token can pay fees and is required to interact with network features like the NFT creation system. Users can pay for services and modules using ABT securely.
Notably. ABT is an ERC-20-compatible asset that can be sent globally in a permissionless manner. Additionally, you can stake the token and receive passive rewards based on the number of tokens you lock up and the duration. ABT is also a vital component of the network’s community governance options.
Governance
ArcBlock employs a community governance system that enables anyone to stake their tokens and participate. Staked token holders can put forth proposals to a community vote. They can also vote on others’ solutions. This style of community governance allows users to grow in unison and keeps them in the decision-making loop, adding to the network’s decentralization.
ArcBlock History
ArcBlock was founded by Robert Mao, Zhihong Mao, and Flavien Charlon in 2018 to create a more open and accessible blockchain ecosystem. Since its launch, ArcBlock has continually innovated and expanded its offerings to incorporate the latest DeFi and Dapp options.
The launch of the network DID wallet, and NFC launch services are perfect examples of how Arcblocks’ developments remained ahead of the trends. Today, the network is a popular destination for developers seeking low-cost and highly capable options.
How to Buy ArcBlock (ABT)
Currently, ArcBlock (ABT) is available for purchase on the following exchanges.
Coinbase – A publicly traded exchange listed on the NASDAQ. Coinbase accepts residents from 100+ countries, including Australia, Canada, France, Germany, Netherlands, Singapore, the United Kingdom, and the United States (excluding Hawaii).
Gate.io – This exchange was established in 2013 and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK. USA & Canadian residents are prohibited.
ArcBlock (ABT) – Driving Innovation and Collaboration
ArcBlock wants to bring developers together to create a more inclusive blockchain sector. Innovation is the lifeblood of the decentralized economy. Arcblock provides a highly secure environment that can integrate other blockchain assets and features. In this way, the platform succeeds in its goal to drive collaboration and innovation to new heights. For these reasons and many more, ArcBlock is a smart project to watch.
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