The project was launched in 2017.
Arcblock is a blockchain platform that allows developers to create and deploy decentralized applications. When it comes to existing projects, the company notes the difficulties in developing dapps-applications, which makes it harder for the general public to actively use digital money. The company intends to solve this problem by creating a more convenient computing platform and a fundamentally new interface.
Other important problems include insufficient functionality, low performance, and high cost. The team aims to solve these issues and plans to provide users with a transaction processing speed of up to 10 million. The main advantage of Arcblock is the implementation of the Blocklet protocol, which is considered the main core of the entire system. It is designed to provide the capabilities of serverless architectures, and also allows you to work on various platforms, using any programming language.
ABT is a digital token of the ERC20 standard, which is used to pay for the services. Mining is not limited to finding new chains, and miners are full-fledged builders. For providing computing power, users are rewarded with an ABT token. This process ensures independent development and growth of the network.