ArcBlock: Solution for Blockchain Tech Mass Adoption

This article will show you how ArcBlock will serve as the solution for the current blockchain technology to reached a mass adoption and to be use for general public in the future.

Blockchain technology is still have many issues preventing developers and businesses from creating widespread, decentralized blockchain applications. 

Source : ArcBlock Whitepaper

For more info visit ArcBlock website: https://arcblock.io/

[ANN] thread: http://bit.ly/ABTANN

Problem: Poor Performance

One of  the reason is the curent blockchain technology performance. The Bitcoin blockchain is designed to handle seven transactions per second, and Ethereum can only handle a few more. 

Today’s consumer applications must be able to handle tens of millions of active users on a daily basis. In addition, some applications will only become meaningful when critical mass is reached. The platform itself must be able to handle a large number of concurrent users. 

Arcblock Solution:

ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. The platform goes beyond providing the necessary foundational components for using blockchain to power complex business rules. It connects existing system to blockchain networks, enabling  to automate business processes using the data and identities associated with existing systems. 

The ArcBlock Token (ABT) is native to the ArcBlock platform. To achieve high-performance transactions, it built an optimized blockchain dedicated to ArcBlock’s own token services and the public ledger. 

The design goal is to achieve >100,000 Transactions per second, which is more than adequate for a wide range of applications. In the future, this blockchain could be improved for broader purposes. 

To attract large numbers of people, blockchain applications need to be as simple as today’s web and mobile apps. Blockchain technology should be completely transparent to the consumer.

Problem: Not Consumer Friendly

Today’s blockchain applications are not consumer friendly. Nearly all blockchain applications require users to either run a blockchain node or install a “light node.” The learning curve and effort involved has delayed adoption among the general public.

Arcblock Solution:

With  ArcBlock platform using a “top-down” strategy that centers on the user experience, 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 also dramatically improves the developer experience. There’s no need to deal with lowlevel blockchain protocols. With our mock blockchain adapters, engineers don’t even have to run local blockchain test nodes to start developing and testing their applications. 

Problem: High Transaction Fees and Lack of Features

The extremely high cost of using blockchain technology is a major barrier to mainstream adoption. Making blockchain free to use is key to widespread adoption. A free platform will also empower developers and businesses to create valuable new services they can monetize, rather than having users pay fees to use the blockchain network. 


ArcBlock Solution:

As an incentive-driven marketplace, miners in ArcBlock platform or people who contributed resources or services will be rewarded with tokens to form a positive, self-growing platform that continues to evolve on its own.

Unlike Ethereum or Bitcoin, where users typically pay a fee for each transaction they make, ArcBlock is designed to let application providers pay the transaction fees for their end users.


This approach vastly improves the user experience. Developers pay on a monthly basis, enabling them to add up small units and save money. ArcBlock also request developers to lock in a number of ARC token as a stake when they need to provide mission critical services. 

ArcBlock tokens map to ERC20 tokens 1:1. 

This simplifies token exchanges and allows developers to tie into the Ethereum community. Application developers can take advantage of the existing ecosystem built on the ERC20 token while also leveraging a high-performance and full-featured token service. While this mapping is necessary today, we anticipate that it may become obsolete as the ARC matures and the ArcBlock community grows.

ArcBlock : Blockchain 3.0

Conclusion: 

In addition to solving the common problems of blockchain technology, building and deploying decentralized blockchain applications with ArcBlock has significant advantages over the market. 

Being involved in blockchain platform like ArcBlock is a smart move especially it introduces new features and it aims to solve the current problems of blockchain technology such as poor performance, high transaction fees, not consumer friendly and lack of features.


Authored by: imdada (Bitcointalk profile)



Disclaimer: I am not a financial advisor. It is not intended to be investment advice. I do research and reference the sources that I use within my writing. This is my personal views and opinions and is for information purposes only.