What is Arcblock?
ArcBlock connects existing system to blockchain networks and this in turn enables users to automate business. The main objective of the start-up is to create a platform that’s extensible, scalable and easy to use while removing the barriers that impeded blockchain adoption. However, for differentiation: ArcBlock is a commercial software not an open source platform and their aim is to self-evolve and be independent in coming years.
ArcBlock combines blockchain technology with cloud computing. One of the features ArcBlock has is Open Chain Access Protocol. This protocol enables multiple blockchain protocols to be an open connectivity. Most notably though, the overall aim of ArcBlock is to improve the user experience of their dApp users as they believe this will fast track the creation of a solid community.
The ABT token is the utility token for users to make payments so they can use this service. There is a reward for these ABT tokens to those that contribute resources or services to the platform. The ABT tokens cannot be mines these tokens are all pre-minted though the miners the resources are made accessible to the users of this platform.