Arcblock
Crypto Overview
Project Overview
ArcBlock is a blockchain platform designed to build and deploy decentralized applications (dApps). It positions itself as a developer-friendly platform that aims to bridge the gap between blockchain technology and real-world applications.
Intended Utility
The ABT token serves multiple purposes within the ArcBlock ecosystem: It functions as a utility token for accessing platform services, paying for computational resources, and participating in platform governance. The token is also used for staking by node operators who help secure and maintain the network.
Actual Utility Assessment
The platform shows evidence of active development and real-world implementation. ArcBlock has maintained consistent development activity on GitHub, with regular updates to its core infrastructure. The platform has established partnerships with various organizations and continues to expand its ecosystem.
Token Distribution and Governance
The initial token distribution included allocations for development (15%), foundation reserves (15%), team and advisors (20%), and public sale (50%). Team tokens were subject to a vesting schedule to ensure long-term commitment. The project maintains transparent communication about token economics and usage through regular updates and documentation.
Technical Implementation
ArcBlock employs a hybrid blockchain architecture that combines off-chain computing with on-chain settlement. The platform uses a Proof-of-Stake consensus mechanism for network security and validation, which is compliant with Islamic principles as it involves actual asset ownership and value creation.
Revenue Model
The platform generates revenue through legitimate service fees for computational resources and platform usage, rather than interest-based mechanisms. This aligns with Islamic financial principles as it represents payment for actual services rendered.
Crypto Impact
To assign a comfort level investing in Arcblock from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Arcblock.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.