ArcBlock ICO Sale- Why this Blockchain Community is the Best:
Cryptocurrency is the future of currency.
As many more mining firms arise, there comes a need to bring in more investors to help fund these start-ups. In simple terms, this is known as initial coin offering or ICO.
As the developers look forward to increasing the value of their new virtual currency, the investor should exchange that crypto-token with other established virtual currencies such as bitcoin and ethereum.
An Introduction to the ArcBlock Platform:
Developers love a platform that they can call home. ArcBlock is distinct from other platforms because it stands out as it uses both blockchain and cloud computing technology. Additionally, the platform comprises of a community of developers and users.
Users have the freedom to explore the system, make changes, and provide various resources that they see fit to it. Some of the resources that developers can introduce include new services, installation of reusable components and applications.
Why use the ArcBlock Platform?
Blockchain technology is still a new concept in the industry. We understand that as developers, you face very many challenges. These challenges include:
• Delay in different platforms. Experts know that the only way to build a good customer base is by having a system that provides quick answers. Any form of delay means that you can only do a few things with the applications; hence, you just do a few transactions, and the users cease using the system.
• Blockchain applications lack transparency. By this, we mean that customers do not have a reliable system that they understand. Most of these developers invent systems that only expert users can understand. Therefore, the average customer does not know how to handle the application.
• Since blockchain technology is still new, the cost implications are high. Developers have to make the customers pay for every transaction that they undertake.
• Developers lack the freedom to choose their favorite technology that they should embrace. Experts refer to it as platform lock-in. Once you select one platform, you will stay there for the entire time that your application will be running.
• As developers, you want something that will help the media, critics, and evangelists to see the bright side of the blockchain technology. However, because it remains a new concept, most of these people do not understand the rich features and opportunities that the systems provide.
With all these challenges in mind, ArcBlock creates a simple platform that developers and users can enjoy. The following are reasons for using this platform:
• Delay is outdated. We understand that some systems are slow because they are not strong enough to handle the millions of users who want to use the system at the same time. Our systems no longer delay; and if you notice any form of delay, the answer you want will come within a few sub-seconds.
• An average customer can use the system. We ensure that the blockchain technology is very transparent. Once you start using these applications, it will be as easy as when you are using mobile apps and the web in general.
• Sometimes users want free services at least. We have this in mind, and we have allowed you to use our platforms so that you can at least earn some money from your site. The average consumer has to no longer pay to use the blockchain.
• We give you the freedom to choose. Instead of using only one platform, we provide you with the option to choose. If our system limits your application, you can choose another platform so that it can run better.
What are some of the benefits of using the system?
• To encourage growth, ArchBlock fully embraces the token economy. After the establishment of the system, this token economy ensures that the system continues to develop as time progresses. The token economy helps to foster growth and unity among the community. This means that they work together to bring about change and a better system that they will enjoy as a whole.
• The blockchain platform emphasizes on making sure the consumer is fulfilled. Therefore, just like most users who want real-time experiences, they can access everything via the internet or through mobile apps. This promotes user-friendliness among users, which the company denotes to be a top-down strategy.
• Large organizations such as Google are centralized organizations. This means that they use one server to control everything. Alternatively, it should dictate that if the server fails, then Google would not work throughout. ArcBlock offers a decentralized system that runs on a cloud or a logical/ virtual computer. While here, cloud services group will work altogether as a single entity. Also, new applications can be tested and developed on a single computer.
• Once you join it, they guarantee exposure to other blockchain communities as well. ArcBlock also understands the importance of having different blockchain technology communities unite. The company helps other committees, nonprofit organizations and other foundations. Also, the list is not limited and keeps expanding as time continues.
ArcBlock System Architecture
The system is geared toward the development of a programme that the average consumer can use. Some of its components include:
• Open Chain Access Protocol
This protocol gives two benefits to your applications: One, you can access hidden blockchains, and two, your business app can function on different blockchain technologies.
• Blocklet
Most developers only use this to assist them when creating incentives. As other people use their contributions, the members of this community receive tokens. To further describe blocklets, think about an architecture component, which does not have any server. This unit is used to come up with apps that help to develop smart contracts, different resources in the platform, assets handling, Oracle, and so on.
Components of the blocklet help to build the platform’s foundation. The user can reuse and customize different blocklets according to their preference.
Instead of building new blocklets every time you are coming up with new software, you can use these pre-installed blocklets. This ensures that your system functions within no time. Some of the blocklets that you can find within the platform include messaging, notifications, wallets, including other components.
Sometimes the community helps to create the blocklets. Therefore, the ArcBlock app helps to manage them.
• A decentralized gateway
These subways ensure that the communication channels are secure. Once you launch the apps, users can enjoy their real-time applications on the web and the mobile apps.
• Market Place
As mentioned earlier, reusable components include some of the things that individuals in the ArcBlock community share. The ArcBlock marketplace will provide a native platform where everyone can share and contribute components such as blocklets, Chain adapters, and applications.
The ArcBlock marketplace functions as a separate blockchain in the platform. Users can use it to get information/feedback about different components of the system. All the data is in the form of a public ledger that encourages trust and transparency.
• Token economy
Apps on the platform can enjoy this manager. Another feature that apps can have is the unique utility tokens, which will inherit all the features of the system. On the other hand, these tokens are not just limited to represent cryptocurrencies. Other things that the same token can represent include certifications, documents, and user identities. If you need to improve this token, the blockchain community will do this as well.
You can refer to the contributors in the system as miners. In the system, we can categorize miners into two categories. They can either be:
• Resource Miners
Cloud computing nodes are simple examples of resources that these miners provide. However, these resources are primarily for their benefit. The miner can choose to share it or not. Also, he can share it with anyone he or she wishes or the whole community.
• Component miners
Components such as chain adapters, applications that are ready to launch, and bloclets, are some of the essentials software elements that these miners provide. As he shares, the miner gets funds through the smart contract. Also, if multiple programmers own a single component, in which they all took part, the contract will state how they will receive their share of funds.
How ArcBlock deals with the Question of Security
ArcBlock is an enhanced platform that could see the future before other platforms could. As many developers meet on this platform, they may have a question as to how the system maintains data integrity and security of the blockchain.
Primarily, because the platform is decentralized, this gives the users the ability to test their apps on different server boxes. They will not rely on one server; thus, you can have the servers in different regions of the world. This makes the system more reliable and immune to attacks.
The use of cloud services/nodes ensures that different ideas, the performance of the system and the security remain at a high standard. Cloud service providers also have a say in the safety of the system. In contrast to self-hosting these clouds, and using peer-to-peer networks in the mining farms, the cloud service providers make work to be more manageable for the platform by providing reliable and secure servers.
Written by Rhinoboy
Bitcoin Talk Username: Rhinoboy11
https://bitcointalk.org/index.php?action=profile