ArcBlock (ABT) is a recently introduced decentralized development platform that streamlines the creation of Distributed Ledger Technology (DLT) and blockchains. DLT is a set of rules that enables a safe, decentralized digital database to function.
The ultimate goal of ArcBlock, as stated in its whitepaper, is to establish a blockchain ecosystem that enables the creation and deployment of decentralized applications (DApps) that can be used in daily life. The platform addresses issues such as low performance, high cost, and inadequate features through its innovative design.
ArcBlock is a platform that combines blockchain technology and cloud computing to provide a cost-efficient, high-performance, user-friendly, and protocol-agnostic solution. It operates on a token economy and is optimized for a top-down user experience. The platform is built for the cloud and is open-standard, contributing to various blockchain technology communities.
Furthermore, ArcBlock is designed as an incentive-driven marketplace for reusable components, services, and even applications. This means that developers and users can create and share different components and services to improve the platform's functionality and efficiency. ArcBlock also introduced the Open Chain Access Protocol, which allows for open connectivity over multiple blockchain protocols, enabling developers to easily integrate different blockchain systems into their applications.
Blocklet is a component of ArcBlock that allows for running various applications and communicates with blockchain through the Open Chain protocol. The native token, ABT, is used as a utility token to pay for services and developers are required to lock in several tokens as a stake for mission-critical services.
How Many ABT Tokens Are in Circulation?
ABT is an Ethereum token that functions as payment in the Arcblock ecosystem. It has a circulating supply of 98,554,305 ABT tokens and the maximum supply is not available.
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