First, Blockchain 1.0 and 2.0 process transactions so down, with crowded users. Estimated, the current Blockchain platform can only handle 5 to 7 transactions per second.
Second, The security of the old Blockchain is too high, poor user experience, If you lost password or private key, you can not restore account, because it does not have a third partner to verify all user behavior.
Third, The old blockchain is likely to be attacked by the users when all of member in the same network combine to form groups (called over-taking).
ARCBLOCK WILL BE BLOCKCHAIN 3.0 TECHNOLOGY REPRESENTATIVES
ArcBlock will be a comprehensive solution that combines Blockchain technology with Cloud Computing, ArcBlock is a convenient environment for services and applications.
ArcBlock will be able to access any application that is rated by Blockchain 3.0 of the world. ArcBlock is born to serve, supports Blockchain, not to compete.
ArcBlock will provide the highest standards of Blockchain technology. For the products and applications was built on a different Blockchain platform, ArcBlock still supports to help that products and upgrade on the current Blockchain platform without changing through the ArcBlock Blockchain platform.
ARCBlock = Data + Oracle + Cloudnode + Blocklet (Blocklet is the core of ARCBlock) + Open Chain Access Protocol
Data: Data is encoded on the integrated block from the Blockchain version 1.0
Smart Contract: Integrated smart contract feature from Blockchain 2.0
Cloud Node: Scripts implemented in the Cloud platform. The partners ArcBlock is aiming include: Amazon, Microsoft, Google.
Open Chain Access Protocol: The Open Chain Access Protocol is a blockchain open protocol developed by the ArcBlock team, which allows open connections through multiple Blockchain protocols. Developers will have the freedom to evaluate blockchain protocols, even with the ability to switch between blockchains.. The open "Chain Access" protocol makes it easy to change the blockchain when there is a change in technology. Unlike Bitcoin or ETH - you can not change the technology that creates the blockchain network, help to improves the user experience.
Blocklet: New architecture of computer network when operating without server to access. This model allows the user's computer to participate in the Blockchain system can work together at the peer level. No computers are dependent, they can easily exchange data with each other, collect resources, apply and contribute data to the common Blockchain network. With Blockchain 1.0 and 2.0, the Blockchain network generally still depends on the server. If the server suddenly dies then the whole network of machines will die. Surprisingly, with the new feature - Blocklet, the Blockchain network owner can easily change all the operating system structure to another blockchain when something goes wrong. For example, Blockchain 3.0 of ArcBlock can move through Google's Blockchain or Microsoft's Blockchain....
Blocklet is one of the best features when it comes to Blockchain today. It allows all users to easily handle all kinds of problems such as: Resource Management - Application, Development, Not Dependent on any Blockchain, Easy to use, can even change to a new Blockchain platform when there is a need.
Conclusion
The ArcBlock Token (ABT) is derived from ArcBlock. To achieve high performance transactions. ABT is designed as a token that can be used in different situations. In ArcBlock, the basic value of ABT is to pay for the costs of using the ArcBlock system. Like a cloud computing service, the ABT is a utility token that pays the costs associated with using.
The main goal of ArcBlock is to remove barriers that slow down the verification process of the blockchain network.
Advantages of ARCblock:
Build a new token with superiority
Improved user experience
Building cloud technology
Build open standards (ie: blochain network standards may change over time).
ABOUT ICO ARCBLOCK:
Number of token sold: 186 million ABT.
All ABTs will appear simultaneously but not marketed at the same times, since the use the ALGORAND system - do not need mining.
Private sale: maximum 3000 ETH and minimum 150 ETH
Public sale: maximum 50 ETH and minimum 0.1 ETH
This is an extremely ICO project that I highly appreciate, so you should not miss.
Let's join and invest.
This is a good chance to buy house, car and ship.
Go to the moon, ARCBLOCK.
ArcBlock - Blockchain 3.0 will replace Bitcoin and Ethereum | Ecency
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