Introduction - What is ArcBlock?
With ArcBlock a new platform and ecosystem for building and deploying decentralized blockchain applications is born. ArcBlock claims to be designed for blockchain 3.0 users . ArcBlock will be having its public sales for their tokens called ABT tokens starting on Feb 3rd, 2018, 7pm CST. With todays blog I'm going to give a short overview about this project.
So with ArcBlock the developers are trying to build a scalable, extensible and also easy-to-use platform so that building and deplying decentralized blockchain applications become more and more easy. This is especially important, because with an easy to use platform a lot of barriers and problems can be solved, resulting for a better future in development around the blockchain. We, the users but also developers themselves can profit from those changes.
How does ArcBlock differ from other similar projects?
As projects around the blockchain has become more and more popular nowadays there are quite alot of competitors, who have similar ideas to solve existing problems. One of them is EOS (Enterprice Operating System). One might see a lot of similarities between those two projects. But while EOS is trying to create its own evosystem with a new blockchain, ArcBlock tries to cooperate with existing blockchains like Ethereum or Hyperledger. Having already an existing blockchain where you can build up on comes with alot of advantages as starting out from zero.
What features will ArcBlock have?
- Platform service, rather than a standalone software package
- Connectivity over multiple blockchain protocols through Open Chain Access Protocol
- Blocklet component taking advantage of microservice architecture and serverless computing technology
- Gateways with decentralized design and secure communication channels
- Real-Time Experiences on web browsers and mobile apps
- Continuously growth and development guaranteed by the ArcBlock team
For a more detailed explaination of the project, I highly can recommend their official video on Youtube below with their CEO Robert Mao. It's very interesting and well produced. Take a look:
ABT Tokens:
ArcBlock will be using ABT tokens as their own cryptocurrency. ABT tokens will be used to pay the cost of using the service. So called "Miners", which in other words are people contributing resources will be then rewarded with the ABT tokens. For a sidenote, ABT tokens are all pre-minted and "mining" does have a different meaning than for example mining bitcoins. "Mining" in the ArcBlock means that computing resources to build up the platform are needed.
Public Sale:
ArcBlock will have its public sale in the upcoming 3 days. That will be on on Feb 3rd, 2018, 7pm CST.
The token distribution will look as follwed:
In summary I will post some facts about the public sale:
- Total token volume of 186.000.000 ABT
- 45% will be available for sale
- Softcap at 12.000 Ethereum
- Hardcap at 37.500 Ethereum + 6M CMT (Cybermiles Token)
- Private Sale hardcap at 25.000 ETH with 1 ETH giving 2052 ABT (already finished with a huge success and demand).
- Public Sale hardcap at 12.500 ETH with 1 ETH giving 1900 ABT (min contribution 0.1 ETH, max contribution 50 ETH).
Roadmap:
I won't be able to deepdive into the roadmap, that's why I only will be giving a graphic. Most points on the roadmap are self explainable. As you can see, half of the roadmap already has been achieved by the team and we are currently in Q1 with the token sale.
5-year-plan:
What I really like about ArcBlock is that the team is always looking into the future and already have a plan on what to do next. With their 5-year-plan the major goals are set for the upcoming future. Take a look at what to expect:
Team and partners:
Huge success always comes with a great team and good partners. Those two are definetely not missed at ArcBlock. Their lead team looks very professional and when taking a look at their linkedin profiles you clearly see that they are very experienced in their working field. I will include a link to their website below so you can check out the team in more details.
Also when having a look at their partners you clearly can see big names in here. These is in my opinion already a good sign for a successfull project.
My opinion:
I'm very excited to see what ArcBlock will bring in the near future. I personally see a huge success potential in this project, especially because they have a clear goal in mind and have all the resources they need. Also with their success all of us will profit. I'm ready for Blockchain 3.0!
Feedback
I hope I could have given you a good insight about this great upcoming project. If you have any suggestions or critique, comment below. I'll try to answer your questions and take feedback really seriously.
Further informations:
For more informations around ArcBlock please visit their official website as well as their communication channels.
Website: https://www.arcblock.io/
Facebook: https://www.facebook.com/arcblock.io/
Twitter: https://twitter.com/ArcBlock_io
Reddit: https://www.reddit.com/r/arcblock/
Linkedin: https://www.linkedin.com/company/18355951/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2699379
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1609093