This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ArcBlock?

ArcBlock (ABT) is a blockchain 3.0 platform that simplifies decentralized application (dApp) and blockchain development. It provides foundational components, such as flexible SDKs and developer tools, to build and deploy dApps and custom blockchains. The platform aims to remove barriers to blockchain adoption by making development faster and easier, and finished products more usable by the general public and businesses.

How is ArcBlock used?

ArcBlock (ABT) is a blockchain 3.0 platform designed to simplify decentralized application (dApp) and blockchain development. It provides foundational components such as flexible SDKs, code packages, developer tools, and services to make development faster and easier. The platform allows developers to create enterprise-level dApps and custom blockchains based on complex business rules and connect to any blockchain to achieve the desired results.

Key Features
  • Blocklets: These are reusable and customizable microservices that use server-less architecture to build services and applications. They can be used for smart contracts, resource handling, off-chain business logic, and more.
  • Abstract Layer: This is an open chain access protocol that enables layers for access on different blockchain networks, allowing for efficient usage and better data access.
  • Pub/Sub API Gateway and Chain Adapters: These components facilitate connections between user applications and the blockchain network, enabling high transaction speeds of approximately 100,000 transactions per second.
Use Cases
  • Decentralized Applications: ArcBlock is suitable for building and customizing dApps on blockchain networks, utilizing cloud computing and a decentralized network of nodes.
  • Data Processing and Storage: Users can use logical or virtual machines instead of physical hardware to process data, and the platform allows mining with incentives in the form of smart contract-issued ABT token rewards.
  • Blockchain Development: ArcBlock aims to make blockchain development more accessible and user-friendly, allowing developers to focus on writing code rather than building the underlying infrastructure.
ABT Token
  • Token Details: The ABT token is an ERC-20 token based on the Ethereum blockchain, with a total supply of 186,000,000 and a current circulating supply of around 98.5 million.
  • Token Usage: The ABT token can be used to pay for services on the platform and participate in governance.

How do I store ArcBlock?

To store ArcBlock (ABT) tokens, you can use various wallets that support ERC-20 tokens. Here are some options:

  • MetaMask: MetaMask supports ArcBlock, allowing you to manage your ABT funds directly within your web browser.
  • MyEtherWallet: As an ERC-20 token, ABT can be stored in MyEtherWallet.
  • ArcBlock's Official Wallet: The ArcBlock team has released its own ABT wallet, which includes a decentralized identity solution.
  • Hardware Wallets: For the safest offline storage, consider using hardware wallets, which keep your private keys in a "cold storage" environment.
  • Other Wallets: Additional options include Trust Wallet, Ledger, imToken, Torus, Coinbase, TokenPocket, and iToken Wallet.

How to buy ArcBlock?

To buy ArcBlock (ABT) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports ArcBlock (ABT) purchases. Consider factors such as ease of use, fee structure, and supported payment methods.
    • Create an account on the chosen exchange, set a secure password, and enable two-factor authentication (2FA) for added security.
    • Complete Know-Your-Customer (KYC) verification to access more features and services on the platform.
    • Add a payment method, such as a credit/debit card or bank account, following the exchange's instructions.
  2. Buy ArcBlock (ABT):

    • Use fiat currency to buy ArcBlock (ABT) if supported by the exchange. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for ArcBlock (ABT).
  3. Alternative Method: Decentralized Exchange (DEX):

  • Download a crypto wallet like Trust Wallet and set it up.
  • Buy Ethereum (ETH) as your base currency on a centralized exchange like Binance.
  • Send the ETH from Binance to your crypto wallet.
  • Connect your wallet to a DEX like 1inch and swap your ETH for ArcBlock (ABT).
  1. Other Exchanges:
    • You can also find ArcBlock listed on other exchanges like Coinbase, gate.io, Bitvavo, Bitget, and Cofinex, where you can buy, sell, and trade ABT for other cryptocurrencies and fiat currencies.

Remember to research and compare fees, security, and user experience before choosing an exchange or method to buy ArcBlock (ABT) tokens.

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History of ArcBlock

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How ArcBlock works

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ArcBlock's strengths

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