People in today’s world tend to use Blockchain technology for a variety of Purposes. The obvious benefits linked with Blockchain technology have contributed a lot towards all these uses. You can even find a Blockchain, which has specifically been designed for creating decentralized applications. The first of its kind blockchain is introduced by ArcBlock.
What exactly is ArcBlock?
ArcBlock can be simply be defined as a platform, which has the ability to give life to decentralized blockchain applications. However, it doesn’t just offer the foundational components needed for the blockchain applications. In addition, ArcBlock has got the ability to power up complex business rules as well. It has the ability to get connected with the existing blockchain networks, which can automate most of the business processes.
The primary objective of ArcBlock is to eliminate all the barriers that have slowed down the adoption of Blockchain technology among public. In addition, ArcBlock focuses on giving life to unique approaches, which can create an impact on the advanced concepts of Blockchain development.
What common issues can be found in Blockchain technology?
Blockchain technology in today’s world is linked with a variety of issues. Here is a list of some of the most prominent issues out of them.
✅ ⦁ Poor performance — This can be considered as the most common problem associated with Blockchain technology. If you take a look at the Blockchain used by Bitcoin, you will realize that it has the ability to handle 7 transactions per second. However, the demands of customers in today’s world have become complex and it has become essential for the Blockchain technology to handle millions of transactions per second.
✅ ⦁ Not user friendly — UX plays a major role behind the lives of people who live out there in the world. However, the existing Blockchain technology is not user friendly. This can give life to a variety of issues when people are using the Blockchain technology for their needs in day to day life.
✅ ⦁Cost — The cost associated with Blockchain technology has also become a major difficulty. People will have to spend a considerable amount of money in order to adapt to the Blockchain technology and experience the benefits that come along with it in the long run.
✅ ⦁ Lack of features — The existing Blockchain technology lacks a lot of features needed by people to get started with. On the other hand, the expectations of people are increasing on a daily basis. Therefore, it has become important for the Blockchain technology to adopt the required changes needed and introduce the new features desired by people.
✅ ⦁Platform lock-in — Platform lock-in can also be considered as another disadvantage associated with ArcBlock. Developers who live out there in the world don’t prefer to be restricted to a specific technology. They are looking forward to achieve freedom to evaluate all available options and go for the best one out of them.
Where does ArcBlock come into play?
ArcBlock has got the ability to provide solutions to all issues mentioned above. The revolutionary new design of ArcBlock platform is responsible for delivering such impressive results to the public. ArcBlock can be defined as a platform service. Hence, the functionality linked with ArcBlock is much different when compared to a set of APIs or a software package. Therefore, ArcBlock can be defined as a comprehensive solution that is available to combine cloud computing along with Blockchain technology.
ArcBlock is an incentive driven marketplace, which has specifically been designed for components, reusable services and applications. Unlike other Blockchain technologies, the role of miners is not just to bring in the computing resources. In addition, they are looking forward to build up the entire platform through the usage of reusable components.
This is an evolving and a self-growing platform available for you to try out. It is not just a creation of a one person. Instead, a community of members have got together to give life to ArcBlock. As a result, they are looking forward to introduce a revolution to the Blockchain technology.
One of the most outstanding features that you will be able to find in ArcBlock is its Open Chain Access Protocol. When you enable it, you will be able to open up connectivity across various blockchain protocols. Developers who live out there in the world are provided with complete freedom to go ahead and evaluate the protocol. Moreover, they can easily switch between different platforms available. As a result, the developers will not be restricted to a specific platform.
Blocklet is another key component that you will be able to find in ArcBlock. It is taking the most out of micro services architecture. In addition, server less technology is also being used to deliver a high level application protocol. This protocol can easily be implemented within any preferred platform. In addition, you will be able to use any language as well. This has the ability to take control over the maximum capacity that you can find within the native platform. In addition, you will be able to receive the same level of performance as well.
The functionality of ArcBlock is not just limited to accessing Blockchains. In addition, it has the ability to get connected to a data source as well. Then it can perform off chain as well as on chain computing activities. The impressive and unique design that you can find in ArcBlock provides an excellent background for a cost efficient, user friendly and a high performance platform. It would be a protocol agnostic platform as well. Therefore, ArcBlock is in a position to provide a major technical advance, which can power up all the Blockchain 3.0 applications.
What benefits are associated with ArcBlock?
Apart from resolving the common issues linked with the Blockchain technology, ArcBlock can give life to many other benefits. Here are some of the most prominent benefits out of them.
✔️ ArcBlock is optimized to deliver the best possible experience
ArcBlock has specifically been designed to deliver the best possible experience to the people who use it. In order to do that, it is based upon a top down strategy. This top down strategy focuses more on the entire user experience. Most of the solutions focus on Blockchain technology. As a result, user friendliness is promoted. People who are interested in accessing ArcBlock will be able to do it via a web browser. They don’t need to go through the hassle of getting additional plugins installed as well. Or else, you can download a mobile app from the app store directly. Out of both these methods, you will be able to make sure that you get a familiarized experience out of ArcBlock.
✔️ ArcBlock is designed for token economy
Another impressive feature that you can find in ArcBlock is its compatibility along with the token economy. As mentioned earlier, ArcBlock is self-evolving along with time. Therefore, it cannot be considered as an application developed for the use of a centralized organization. The platform has got the ability to develop and evolve on its own. To facilitate this, the entire platform is driven through a token economy as well. Therefore, you cannot call it as another basic service platform, which uses the Blockchain technology.
✔️ ArcBlock is developed with an open standard
This can be considered as another prominent benefit that you will be able to receive out of ArcBlock platform. The developers of ArcBlock have not tried to reinvent the wheel. Instead, they have focused on aligning the existing functionalities to match perfectly well with the needs and requirements of developers. In addition to the core components and open sourcing of ArcBlock, it has got the ability to contribute towards all the Blockchain communities that exist out there in the world as well.
✔️ ArcBlock is designed for the cloud
ArcBlock can also be considered as a platform designed for the cloud. Hence, it can also be considered as a great benefit that people who try out ArcBlock will be able to experience in the long run. You will be able to run the entire application in the cloud. Hence, it can be opened inside a web browser. You don’t have to think about installing any plugins or downloading any special tools to run. You just need to open the web browser and gain access to the available services. Hence, ArcBlock is taking the most out of virtual cloud services that are available. This can also be considered as one of the best steps taken to take the blockchain technology and the decentralized applications into a whole new level. T can also facilitate technologies that are pending for patent.
Final Words
As you can see, ArcBlock will play a major role behind the future of Blockchain technology. You will be able to get the most out of Blockchain 3.0 with this as well. In addition, you will be able to take your Blockchain based applications into a whole new level with the assistance of ArcBlock. This can deliver a promising future for the development of Blockchain technology.
If you are interested in learning more about the ArcBlock. please refer
ArcBlock WEBSITE: https://www.arcblock.io
WHITEPAPER:https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=2
ANN THREAD: https://bitcointalk.org/index.php?topic=2699379.0
Written by: Crypto Buddy
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