What is ArcBlock? Learn more about the ABT . token

• What is ArcBlock (ABT)?
• Blockchain 3.0 and terms to know
• ArcBlock (ABT) project development roadmap
• Project development team and ArcBlock partner (ABT)
• General information about ArcBlock (ABT) coin
• What is ArcBlock (ABT) used for?
• ArcBlock Coin (ABT) Basics
• Token Allocation
• How to earn and own ArcBlock Coins (ABT)
• The most secure ArcBlock exchange (ABT) today
• The future of ArcBlock, should invest in ABT coin or not?
• summary

Let's find out with TraderH4 the ArcBlock project, also known as the blockchain 3.0 generation, after more than 4 years on the market!

What is ArcBlock (ABT)?

ArcBlock (ABT) is a digital application platform based on decentralized blockchain application (blockchain 3.0). ArcBlock's design makes the platform scalable and adds new blockchains. ArcBlock supports interconnected chains ensuring interoperability and inseparability of each network. On ArcBlock's blockchain 3.0 platform, developers easily develop scalable, full-featured and completely free Dapps. 

Blockchain 3.0 and terms to know 

Surely you've heard of blockchain 1.0, blockchain 2.0, even blockchain 3.0. However, perhaps many of you still do not fully understand and the meaning of these concepts. 

• Blockchain 1.0 = Data (data). Bitcoin is the representative of the blockchain 1.0 platform. 
• Blockchain 2.0 = Data (data) and smart contract (smart contract). Certainly, Ethereum is the project that pioneered the concept of smart contracts and is also the representative of blockchain 2.0.
• Blockchain 3.0 = Data + smart contract + Cloudnode + Blocklet + Open Chain Access… ArcBlock is the project that contains all these elements. Blockchain 3.0 continues to inherit the blockchain 2.0 platform but adds new technologies such as Cloud Node, Open Chain Access and Blocklet.

Here is the extension technology of blockchain 3.0: 

• Cloud note (cloud button): This technology makes the transaction process faster and cheaper. 
• Open Chain Access: Access open blockchains. 
• Blocklet: Helps to convert from one technology to another, from one information to another. This is the core technology in ArcBlock, allowing serverless computing, running various applications, and connecting to other blockchains. 

ArcBlock (ABT) project development roadmap

This is the development roadmap of the project in the early stages of its launch on the market (period 2017 - 2019). 

Below is a summary of the development plan roadmap in the later period, to continue completing the project of ArcBlock.

• 2019: ArcBlock officially launched on the market. This phase, the project specifically supports IoT blockchain applications such as MQTT protocols and AWS IOT services. Next, it is to build a platform to develop Dapps and create ABT tokens. 
• 2020: Continuing, publicly launching IoT blockchain technology and supporting Dapps. Build an independent, decentralized, and directly cloud-enabled cloud platform of AWS, Windows Azure, Google Computing Engine, Aliyun, Tencent Yun... 
• 2021: Create ABT operating system platform, to prevent potential risks in protocols. That goal is to build a completely autonomous and decentralized business ecosystem and environment. 
• 2022: Expanding the scope of ArcBlock's service provision to the whole world. Also supports DAO/DAC and their application services.

Project development team and ArcBlock partner (ABT)

ArcBlock is dubbed blockchain 3.0, far beyond the current technology of the market. Therefore, ArcBlock's development team and partners are all characters with "terrible profiles". 

• Robert Mao (Founder and CEO of ArcBlock): He has both experience and remarkable achievements in the field of information technology as well as the blockchain space. He is a veteran software engineer at Microsoft. In addition, he is also a senior member of the World Wide Web Consortium (the predecessor of the SNS site). He is a pioneer and created 3 technology companies including: UUZONE (the social network born before Facebook, initially operating in the US with nearly 3 million users), LOCQL (the leader of the SXSW 2012 Moblie contest. App Hackathon Discover) and Adobe. 

• Flavien Chalon (Co-Founder): Graduated with a PhD from the University of Lyon, France. Flavien Chalon is also a veteran software engineer for Microsoft Europe and the author of many popular books on engineering. In particular, he is also the founder of Coinprism, the creator of Colored Coins and Trezeo/CTO. Notably, he used to be a "master", specializing in analysis and prediction on financial markets such as forex, derivatives market and futures contract management.

In addition, ArcBlock also has a famous and "terrible" team of advisors and investment partners that are not inferior to the founding team. 

• Ding Lei: CEO of Netease Project (NTES)
• Justin Tomboulian: CIO of Microsoft and Vice President of LiquidHub
• Jiaxi Lin: CEO of Guojin Angel
• Huishen Cui: CEO of Roaming 
• And many other great characters… 

General information about ArcBlock (ABT) coin

What is ArcBlock (ABT) used for?

ABT is the project's native token, designed to be a currency, used in transaction activities in the ArcBlock ecosystem.

• Payments: ABT is used to pay for ArcBlock's services and products including: ArcBlock UX, OCAP (Open Chain Access Protocol), Blocklet Framework, Token Engine, Miner Rewards
• Reward: ABT is a reward for miners who provide and contribute resources to the ArcBlock System platform.

ArcBlock Coin (ABT) Basics

• Blockchain: Ethereum
• Token Standard: ERC20
• Token type: Utility token
• Consensus Protocol: Proof of Stake
• Total issue: 186 million ABT
• Supply in the market: 98,554,305.44 ABT

Token Allocation 

The ArcBlock Foundation allocates 186 million ABT tokens as follows:

• 45% issued through token sale
• 32% are used as community rewards 
• 15% for the team's development team
• 8% is used as a budget for marketing and partners

How to earn and own ArcBlock Coins (ABT)

Currently, ArcBlock no longer runs Airdrop and Bounty programs, so users no longer have the opportunity to receive free tokens. What's more, ABT can't mine, so your only option is to buy on exchanges. 

The most secure ArcBlock exchange (ABT) today

Currently, according to information on CoinMarketCap, ABT token is listed on many major exchanges such as Huobi Global, Gate.io, OKX, Hotbit... So you just need to have an account on these exchanges. Buying/selling this token is safe and very simple. 

The future of ArcBlock, should invest in ABT coin or not?

We cannot deny the power of blockchain. This is a landmark technology that is more optimized than existing blockchains and makes everything easier. What's more, the supply is limited to 186 million and is the only native token used in the ArcBlock ecosystem. Along with that is the “terrible profile” of the founding team and advisors. ArcBlock has many strategic partners and VC funds invested in this project. These include Huobi, Cybermiles, Bibox, FBG Capital...

However, the project still has many limitations that have not been overcome, despite being present for more than 4 years on the market.

• Mainnet: ArcBlock has yet to complete their mainnet. In the ArcBlock 2019 roadmap, there is no mention of this issue.
• Dapp: Since the mainnet has not been completed, the number of Dapps running on ABT Chain is still limited.
• ABT Wallet is used to manage data, identity... not to store ABT tokens.
• Competitors: Arcblock is a Dapp Platform with a cross-chain solution, so it will compete with typical cross-chain problem solving projects with Cosmos (ATOM).

summary

The above article we shared about the blockchain 3.0 ArcBlock project and the ABT token. Although the project has a very strong and experienced team of developers, advisors and investors, after many years of being on the market ArcBlock has not yet run its own mainnet. Moreover, if you look at the price action of ABT from 2018 to now, most are below the launch price. Therefore, despite being highly appreciated, ArcBlock does not seem to have proved the strength as expected by investors. So, if you intend to invest in the project, carefully study the project and find the right entry point.