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      Arcblock

      Arcblock

      Total Supply
      186000000
      Circulating Supply
      98554305
      Max Supply
      0

      Arcblock(ABT) price, charts, marketcap

      1 ABT = 0.1949000 USDT 0.00%

      About Arcblock

      The Arcblock (ABT) project aims to mix cloud computing with the blockchain technology. Managers and creators of this project decided to blend the blockchain system with the cloud computing instead of letting this be a “standalone” system. They are additionally focusing on bringing out an economy that will be powered by a “crypto” token. The whole project is powered by the “blockchain 3.0” application eco-system that has been created by its community. They’re using “Open-Chain Access-Protocol” which will allow the app to adopt a diverse array of blockchain protocols such as Bitcoin, Ethereum, and Hyperledger etc. Usually, this protocol removes platform “lock-in” problems as well as powers all the applications to get functional on unique blockchain fabrics, primarily to the benefit of developers as well as to boost user experience.

      Read more about Arcblock

      Read less about Arcblock

      Alert
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      Total Supply
      186000000
      Circulating Supply
      98554305
      Max Supply
      0
      Total Marketcap
      19188523
      Volume
      9,976,120.45
      Open
      0.00
      High
      0.20
      Close
      0.19
      Low
      0.19

      Charts

      Arcblock

      Exchange

      Period

      all 1y 6m 3m 1m 7d 1d

      Index

      Chart Type

      CoinExchangeData Loader

      History of Arcblock(ABT)

      Arcblock like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Arcblock’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Arcblock would not exist today. However, the most important reason why Arcblock was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Arcblock or most cryptocurrencies would exist today.

      Arcblock is a cryptocurrency with the symbol ABT and it’s price ticker on our website is 0.19. Its current price is 0.19 and the total change over the past 24 hours is 0.00. Arcblock boasts a volume of 9,976,120.45 in the past 24 across your selected exchanges.

      Arcblock Characteristics

      Cryptocurrencies like Arcblock use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Arcblock base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Arcblock and also hides the identities of the parties involved on any transaction on Arcblock network , unless the participants freely disclose their information.

      Arcblock Operates on a Blockchain

      Arcblock, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Arcblock is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Arcblock is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Arcblock’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Arcblock runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Arcblock base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Arcblock are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Arcblock and make sure you double check all the details of the transaction before submitting it.

      Arcblock also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Arcblock Advantages

      Decentralized Point of Control

      Arcblock (ABT) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Arcblock’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Arcblock’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Arcblock which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Arcblock blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Arcblock blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.

      Immutable

      Since all information that is transmitted on the Arcblock blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Arcblock Supply Details

      Arcblock is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. Another interesting fact about Arcblock’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Arcblock the total supply is 186000000. This is the sum of all Arcblock units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Arcblock is 98554305. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Arcblock

      There are a few way to store your Arcblocks , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Arcblock funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Arcblock is compatible with. Never ever disclose your Arcblock private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Arcblock to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Arcblock Paper Wallet

      The only physical and non-electronic way to store your Arcblock is through a paper wallet, and this is possibly the safest way to protect your Arcblocks. Simply write the private and public keys of your Arcblock wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Arcblock funds to another address. The risk here is losing or damaging the sheet of paper with your Arcblock public key.

      Arcblock Hardware Wallet

      You can store Arcblock on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Arcblock to another address. Usually the hardware device that you store your Arcblock on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Arcblock funds on as many are outdated or of poor quality.

      Arcblock Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Arcblock coins. Find a reliable wallet software that support Arcblock install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Arcblock funds.

      Arcblock Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Arcblock funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Arcblock at great risk due to security breaches in the cloud storage which is not that unheard of.

      Arcblock Mobile Wallet

      The most easy-to-use method of storing Arcblock is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Arcblock by scanning a QR code or even use it to pay in any shops that accept Arcblock. However, your Arcblock funds can be lost if your phone is damaged or if its security is breached.

      Arcblock Summary

      Arcblock’s network can be defined as a payment system, with accounts, transactions and balances. You can store Arcblock on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Arcblock as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Arcblock public ledger, if applicable. This revolutionary method of being your own bank assured that Arcblock and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Arcblock on CoinExchangeData.

      You can add Arcblock to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Arcblock and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Arcblock are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Arcblock reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Arcblock on. Our converter lets you find accurate conversion quotes for Arcblock against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Arcblock for another digital currency can be a more profitable investment or just to check the value of your portfolio.

      German Gov’t Approves New Plan to Block Private ‘Parallel Currencies’
      Cointelegraph By Marie Huillet (18 September 2019, 8:57 am)

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      European Space Agency Awards €60K for Blockchain Satellite Wallet
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      Huobi Expands Crypto Exchange to Argentina Amid Peso Devaluation
      David Pan (18 September 2019, 5:15 am)

      Crypto exchange Huobi is expanding to Argentina as cryptocurrencies gain acceptance in the region as a hedge against the infamous inflationary peso.

      18,000 Traders and Growing – Bitcoin.com’s Crypto Exchange Shines Brightly
      Bitcoin.com (17 September 2019, 6:37 pm)

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      Indian Parliament Member Helping Crypto Community Influence Regulation
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      MinerGate Exclusive: Interview with the chat moderator
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