Hi, crypto-guys! Today we are talking about a unique project. Unique because in such an interpretation blocking the third generation I have not yet come across. Meet - ArcВlock.
Much has been said about the benefits that will give us a blockade of technology in many sectors and spheres of life.
But we, as simple users, do not see many of the obstacles that arise when implementing in practice. To really solve the tasks that will face applications and platforms created using block technology, these applications need to process huge amounts of data. But with a large volume of the block chain, users begin to experience difficulties (remember how much time and space on the hard disk it takes to download the full version of the ethereum). Accordingly, the same difficulties can begin in customers who will use new platforms created on the basis of old blockchain. Very large databases will be for all projects: enterprises and medical institutions, financial and government agencies. But there is a solution. One of them is provided by the development team ArcBlock. Their platform is designed to develop applications using different types of blockchain libraries and the relationship between them will be implemented through layers. They also provide for the use of databases turned off from the main chains, but providing for their verification and validation for the correct operation of the main chain. Developers can use the best of the various blockchain in applications to satisfy the interests of their users.
Off-Chain Logic
Because Blocklet is a native microservice, it can access data sources other than the blockchain. For example, it can connect to a database, external restful API, or any other data source. Blocklet can be used to develop any application logic—even logic that’s not related to blockchain. Using Blocklet for standard application development has no overhead. Real-life, decentralized applications often run quite a few logical components off-chain. Blocklet
provides a total solution for application development so that engineers won’t need to use different frameworks to handle different parts of their applications.
Off-Chain and On-Chain Logic
It’s very common for an application’s business logic to need both on-chain and off-chain handling, and to require the respective data to be connected. For example, on-chain code can’t access external data and events, such as time or market. Calling code or data outside of an on-chain smart contract or blockchain breaks the general trust barrier and reduces confidence in the authenticity of transactions. In these cases, an off-chain Blocklet acts as a bridge that connects on-chain and off-chain logic to bring the full business logic together.
Asset and Resource Handling
Applications usually need to handle resources and assets like photos, videos, music, and documents. Because blockchain isn’t designed to handle large amounts of data, a typical blockchain application handles those resources and assets with off-chain solutions. While there are different ways to accomplish this, the traditional solution involves using a service like AWS S3, or a more decentralized solution like IPFS. Regardless of the approach you take, Blocklet will be able to communicate with your assets and resource storage system. Sometimes assets may need to be mapped with their on-chain token or identifiers, or verified through the records on the blockchain. Blocklet is the perfect location for these kinds of logic.
Smart Contracts
By communicating with on-chain code securely through the Open Chain Access Protocol, Blocklet enables you to implement high-performance smart contracts while maintaining the trust barrier and verifying the authenticity of transactions. It’s up to the engineer to decide how much logic should run on-chain vs. off-chain. At one extreme,
the engineer could simply treat the blockchain as a state machine and put most of the business logic inside the Blocklet. At the other extreme, the engineer might develop a complex, fully on-chain contract where the Blocklet merely serves as a stub for triggering or monitoring activity from the onchain execution.
Oracle
In Blocklet design, Oracle is simply a type of smart contract that takes external data sources as event triggers. Blocklet makes it easy to implement Oracle by design. Blocklet-based design also compels engineers to consider the division between on-chain and offchain logic during the design and development phases. This improves the efficiency of these phases without compromising security and trust.
More detailed information on the technical component of the project you can read the Whitepaper.
The trend of using business and IT structures of cloud solutions has been outlined 5 years ago. Cloud hosting is incredibly fast scalable with a capacity of resources in dozens of physical servers. At a relatively low cost. Today, dozens of companies offer customers to work with them on the models IaaS (Infrastructure as a Service) and SaaS (Software as a Service). These same advantages can be transferred to the sphere of the blockchain as well -
CLOUD NODES
While using a group of cloud services as a node may seem like an unusual approach, a physical computer is simply a group of hardware components that work together (CPU, memory, external storage, bus, network interfaces) in one box. Aside from how the components are distributed and communicate with each other, they’re essentially the same. ArcBlock is the first blockchain platform to treat cloud services as nodes, achieving a much higher level of abstraction, enhanced performance, and even better security. We believe this approach will likely become the de facto standard for future blockchain platform design, and we as a pioneer will lead the trend as technology evolves. Although ArcBlock’s preferred node is a cloud node, you can still run ArcBlock in a single traditional node like a server box. In a test or private environment, developers likely run the node locally, or in their test server boxes. Using a cloud node won’t compromise the decentralization and security of the system. In fact, it takes decentralization and security to the next level.
The cloud platform’s own security is enforced by cloud service providers. Most likely, the servers and services from a cloud service provider will be more secure and reliable than self-hosting servers, and far more secure and reliable than peer-to-peer connected nodes from homes or mining farms. The decentralization aspect of using a cloud node is even more interesting, since a cloud node is likely a distributed service that runs on multiple servers from multiple availability zones, or even different regions. In the future, cloud nodes could be offered by various providers and cloud computing vendors. Some may even be self-hosted mining service providers. This makes the system much more decentralized indeed.
THE ARCBLOCK TOKEN (ABT)
The ArcBlock Token (ABT) is native to the ArcBlock platform. To achieve high-performance transactions, we built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. The design goal is to achieve >100,000 Tx/s, which is more than adequate for a wide range of applications. In the future this blockchain could be improved for broader purposes. The ARC is designed as a general purpose token that can be used in different scenarios. Within ArcBlock, the ABT’s basic utility value is to pay for the cost of using the ArcBlock system. Like a cloud computing service, the ABT is a utility token for paying the cost associated with using the service.
So, let's enumerate the strong qualities of the project: a professional team, powerful partners, a very high-tech and competitive product, consumer-oriented product, a broad and diversified sales market. And remember, in any field, in any industry, in any direction in the industry with an organized approach and professionalism, leading positions and profits are gained by innovators and pioneers.
For more information, please visit Link:
· Web-site: https://www.arcblock.io
· ANN bitcointalk: https://bitcointalk.org/index.php?topic=2699379
· Facebook: https://www.facebook.com/arcblock.io/
· Twitter: https://twitter.com/ArcBlock_io
· Telegram: https://www.arcblock.io
· WhitePaper: https://www.arcblock.io/file/whitepaper/WhitePaperEnV2_en-US.pdf?v=4
This article was created by Tktktk: https://bitcointalk.org/index.php?action=profile;u=1119627
The article is published for participation in the marketing program. Investments in the crypto currency are high-risk. Never buy cryptocurrency for the amount you are not ready to lose.
