Arcblock ABT Price

What is Arcblock (ABT)?

Arcblock (ABT) is a blockchain-based platform designed to facilitate the development and deployment of decentralized applications (dApps). Launched in 2017, Arcblock aims to simplify the process of creating blockchain solutions while providing a comprehensive suite of tools and services. The platform employs a unique architecture that integrates various blockchain technologies, enabling developers to build applications that can interact with multiple blockchains. As of early 2024, the total supply of ABT tokens is approximately 186 million, with a circulating supply of around 120 million tokens.

Who are the Founders of Arcblock?

Arcblock was co-founded by a team of experienced professionals in the blockchain and technology sectors. The key founders include:

• Robert Mao: A seasoned entrepreneur and blockchain expert, Robert has a background in distributed systems and has worked on various blockchain projects.
• Yuanxin Chen: An expert in software engineering and product development, Yuanxin has contributed to several successful tech initiatives prior to Arcblock.
• Feng Zhou: With extensive experience in architecting software solutions, Feng plays a crucial role in the technical development of the platform.

How does Arcblock Work?

Arcblock operates on a unique framework that combines several key components:

• Blocklets: These are modular building blocks that can be reused across different applications, allowing developers to create dApps more efficiently.
• Decentralized Identity (DID): Arcblock provides a secure identity management system that enables users to control their digital identities across various applications.
• Blockchain Interoperability: The platform supports interoperability between different blockchains, enabling seamless data exchange and transaction processing.
• Developer Portal: Arcblock offers a comprehensive set of tools and documentation for developers to easily build, test, and deploy their applications.

By leveraging these components, Arcblock enhances the development experience while promoting the adoption of blockchain technology across various industries.

Top Use Cases of Arcblock

Arcblock has a variety of use cases that demonstrate its flexibility and potential across different sectors:

• Decentralized Finance (DeFi): Developers can create DeFi applications that provide financial services without intermediaries, using Arcblock's blockchain interoperability.
• Supply Chain Management: Companies can track products across the supply chain, ensuring transparency and authenticity through Arcblock's decentralized identity features.
• Gaming: Arcblock enables game developers to create dApps that integrate blockchain technology for secure in-game asset ownership and trading.
• Healthcare: The platform can support applications that manage patient data securely, allowing for better data sharing and privacy in the healthcare industry.
• Digital Identity Solutions: Organizations can build systems for secure identity verification and management, promoting user control over personal data.

How to Keep your Arcblock Safe?

To ensure the safety of your Arcblock (ABT) tokens and related assets, consider the following best practices:

• Use Hardware Wallets: Store your ABT tokens in hardware wallets like Ledger or Trezor, which offer enhanced security against hacking and malware.
• Enable Two-Factor Authentication (2FA): For any exchange or platform where you hold ABT, always enable 2FA to add an extra layer of security.
• Keep Software Updated: Regularly update your wallet software and other applications to protect against vulnerabilities.
• Be Wary of Phishing Scams: Always verify the authenticity of websites and links before entering sensitive information related to your tokens.
• Diversify Storage: Consider spreading your holdings across multiple wallets to minimize risk and exposure in case of a breach.