Arcblock ICO Review: Introducing Blockchain 3.0 Technology

At the end of 2017, cryptocurrency market cap expanded 53 times than that as of starting in 2017. More and more individuals are becoming part of this dynamic revolution which serves the future, not only reforming payments but plenty full of fields. 

There are several fields where blockchain has been adopted and embarked beginning of new future such as asset and wealth management, insurance, security, shipping and logistics, healthcare, supply chain management and much more.

Bitcoin was the first ever public blockchain created (Blockchain 1.0). Incremental update on blockchain 1.0 was made when Ethereum, another popular blockchain technology was launched which become most commonly used public blockchain to date. Ethereum works on similar proof of work concept like bitcoin with the addition of smart contracts (Blockchain 2.0).

Both these blockchains and cryptocurrencies relying on them are facing serious issues of scalability when the number of users exploded far above expectation. As of now, Bitcoin is capable of performing 7 transactions per second while Ethereum is capable of 20 transactions per second, none of them even near of feasibility. Immense demand transactions in both these blockchains cost over 50$ for Bitcoin transactions and take 2-3 hours of time to settle the transaction. Ethereum also takes 30 minutes to perform a successful transfer and costs of which are increasing day by day.

So, whats new in Blockchain 3.0?

While several companies claim to achieve Blockchain 3.0 Technology, we found one of the rock-solid concept having enough potential in order to match Blockchain 3.0 Standards. It is never easy to adopt new technologies, understand them and mold them according to market requirements. Amalgamation of Flexibility, Scalability, and Adaptability is the key to prevail. 

ArcBlock: Born for Blockchain 3.0

ArcBlock is one of the major pioneers of Blockchain 3.0 Technology. ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. ArcBlock Project and its aim are very ambitious, introducing us to a Blockchain 3.0 Era. It has all the features of Blockchain 1.0 and 2.0 along with these additional ones:

1.  Cloud node: ArcBlock is designed to run on cloud platforms. It can also run on virtual nodes comprising one or more virtual machines or a group of cloud services working together as a computing environment.
2.  Open Chain Access: Cross chain compatibility with Bitcoin, Ethereum, Hyperledger, etc. using 'chain adopters'.
3. Blocklet: The core of the ArcBlock platform is blocklet. Its platform is built on a series of blocklets which enables communication with the underlying concept of blockchain to client-side application/software.

 ArcBlock meets the requirements of scalability and adaptability at a rate which no one can predict accurately. ArcBlock is an economy driven by incentives that encourage the blockchain community to work together to build a better ecosystem.

Specifications to Consider:

• A fixed amount of tokens to be created that would not be further expanded: 186,000,000 Tokens. 45% of Tokens are already sold in the ICO Closed Yesterday. 
• Tokens are designed as a general purpose token that can be used in different scenarios covering the cost of using the Arcblock system. For example, a cloud computing service, the ARC is a utility token for paying the cost associated with using the service.
• Applications built with ArcBlock offer reactive, real-time experiences. Users can simply access them from a web browser (no additional plugins required), or download a mobile app directly from an app store. Either way, the process is familiar. 
• ArcBlock is designed to run natively in the cloud. It can also run on a single computer for testing and development.
•  ArcBlock is capable of performing million transactions/second which would set new performsnce benchmarks.
• Application Tokens: With ArcBlock, developers can also create their own custom tokens that inherit all of the features of their native token.

There arises a strong need for this product in the market as bitcoin and alt-coins severely becoming unfeasible and are in severe need to adapt newer technologies.

For more info:

Website: https://arcblock.io/ 

ArcBlock Official Whitepaper: https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
 [ANN] thread: http://bit.ly/ABTANN
 Twitter https://twitter.com/ArcBlock_io
 Instgram https://www.instagram.com/arcblock/
 Facebook https://www.facebook.com/arcblock.io/
 Telegram https://t.me/ArcBlock
 LinkedIn https://www.linkedin.com/company/18355951/
 Reddit https://www.reddit.com/r/arcblock/
 Medium https://medium.com/arcblock