ArcBlock is a blockchain application platform that uses cloud computing and a blockchain ecosystem to enable developers to build, run and manage blockchains and decentralized applications (DApps). ArcBlocks blockchain application framework includes the interconnected blockchain network ABT Network, a way to build blockchains and DApps with Forge SDK and decentralized identity (DID).
On January 12, 2018 ArcBlock held their initial coin offering selling approximately $45 million dollars worth of their platform token ABT.
The ABT Network is a continuous blockchain network known as a "blockchain superhighway" that is designed to expand and add new independent blockchain networks while improving performance and capacity as the network grows.
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ArcBlock Whitepaper: Creating an ecosystem and platform for building and deploying decentralized applications
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The first blockchain ecosystem for building and deploying decentralized applications
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- Blockchain interoperabilityBlockchain interoperability is the ability for different blockchain platforms to communicate and transaction with one another.
- Polkadot (cryptocurrency)Polkadot is a blockchain protocol intended to allow interoperability between any blockchains while pooling together network security. It is a relay chain between blockchains.
- Distributed ledgerA distributed ledger is a database of information held and replicated independently by participants in a network called nodes. A blockchain is a specific subtype of a distributed ledger.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.