Question 1

What is ArcBlock?

Accepted Answer

ArcBlock is a blockchain development platform and ecosystem designed to simplify the process of building and deploying decentralised applications (dApps). It combines blockchain technology with cloud computing to deliver a service-oriented platform where developers can access reusable services, components, and application infrastructure.

The platform introduces a number of core technologies:

* **Open Chain Access Protocol:** An abstraction layer that allows applications to work with multiple blockchains without changing business logic.

* **Blocklet:** A serverless, microservice-based application protocol for managing both on-chain and off-chain logic.

* **Cloud Nodes:** Cloud-based service nodes that support scalability, security, and decentralisation.

ArcBlock aims to solve performance, usability, cost, and interoperability issues faced by earlier blockchain platforms. Its architecture allows for off-chain computation, seamless user experiences, and the reuse and sharing of application components via the ArcBlock Marketplace.

Question 2

What is ABT used for?

Accepted Answer

ABT is the native utility token of the ArcBlock platform. It is used within the ecosystem for various operational and incentive purposes, including:

* **Paying for services:** ABT is used to cover the cost of using ArcBlock’s platform services, similar to how cloud service subscriptions operate.

* **Developer staking:** Developers may be required to lock ABT tokens when deploying mission-critical services.

* **Ecosystem incentives:** Contributors such as miners (both resource and component miners) receive ABT as rewards for supplying compute resources or developing reusable components like Chain Adapters and Blocklets.

* **Marketplace transactions:** ABT facilitates exchanges within the ArcBlock Marketplace, where users can obtain and contribute components, services, and applications.

* **Token economy support:** Applications developed on ArcBlock can issue their own tokens, which inherit ArcBlock’s features and can interact with ABT where needed.

ArcBlock also enables developers to map ABT to ERC-20 tokens for compatibility with Ethereum infrastructure.

Question 3

Who created ArcBlock?

Accepted Answer

ArcBlock was architected by Robert Mao, who also authored the project's technical whitepaper.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ABT-USD ABT-USD	coinbase	AA	0.2092USD	14.38%	201,968.10ABT	452	0.1829USD	0.2119USD
2	ABT-USDT ABT_USDT	gateio	A	0.2073USDT	15.10%	41,832.22ABT	263	0.1801USDT	0.2127USDT
3	ABT-USDT ABTUSDT	latoken	D	0.2082USDT	13.82%	148,936.40ABT	2,510	0.1830USDT	0.2109USDT
4	ABT-THB THB_ABT	bitkub	C	6.80THB	17.24%	41,926.10ABT	104	5.80THB	6.80THB
5	ABT-BTC abt_btc	yobit	-	0.0₅2210BTC	0.00%	0ABT	0	0.0₅2210BTC	0.0₅2210BTC
6	ABT-WAVES abt_waves	yobit	-	0.9600WAVES	0.00%	0ABT	0	0.9600WAVES	0.9600WAVES
7	ABT-USD abt_usd	yobit	-	0.1592USD	0.00%	0ABT	0	0.1592USD	0.1592USD
8	ABT-ETH abt_eth	yobit	-	0.0₃1089ETH	0.00%	0ABT	0	0.0₃1089ETH	0.0₃1089ETH
9	ABT-DOGE abt_doge	yobit	-	2.17DOGE	0.00%	0ABT	0	2.17DOGE	2.17DOGE