As the cryptocurrency markets continue to grow, investors and users look at both established titans and new projects with an eye toward broadening their portfolios. In this article, we'll take a close-up comparison of Bitcoin (BTC) vs Arcblock (ABT). While each has a different role within the blockchain environment, looking at their differences can help inform users about what each has to offer. We'll look at their origins, technologies, applications, and many other areas with a comparison of their benefits and drawbacks.
Arcblock is a decentralized platform created with the aim of streamlining decentralized applications (dApp) development and deployment. It was founded back in 2017 by CEO Robert Mao with an aim of addressing shortcomings on conventional blockchain platforms like scalability and lack of good user experience.
Arcblock created its own blockchain platform known as the ABT Network. The network represents a combination of blockchain and cloud computing, utilizing an open-chain access protocol and a proprietary “blocklet” framework to integrate various blockchain networks without any hassles. The ABT token is Arcblock’s native cryptocurrency and can be utilized for paying services, powering applications, as well as incentivizing use.
It stands out because it targets developers wanting to build Web3 applications without needing to be master blockchain programmers. By offering interfaces like the Forge Framework and DID (Decentralized Identity), Arcblock makes dApp backend logic and identity management a breeze.
Bitcoin, the first and most recognized cryptocurrency, was introduced in 2009 by an anonymous figure or group using the pseudonym Satoshi Nakamoto. It was created as a peer-to-peer electronic cash system with the aim of decentralizing financial transactions and removing reliance on intermediaries like banks.
It is based on a Proof-of-Work (PoW) consensus mechanism and has a 21 million-coin hard cap, which underpins its scarcity and value proposition. While Bitcoin is not an app development platform like Arcblock, it is mainly a store of value, medium of exchange, and inflation hedge.
Since its inception, Bitcoin has come to mean cryptocurrency itself. Its strong network security, large adoption, and digital gold status make it a pillar of the crypto economy.
It was created with a view of fixing a few of the fundamental shortcomings of first-generation blockchain networks like Bitcoin. While Bitcoin is based on its own proprietary blockchain, Arcblock presents a multi-chain setup. This lets programmers engage with different blockchain networks under one application layer.
Arcblock uses a blocklet-based architecture, with every app function divided into smaller, independent pieces. These can be easily reused on different projects, saving on development time as well as costs. Arcblock also makes use of Decentralized Identity (DID) tools and adheres to OAuth 2.0-style authentication, following contemporary web specifications.
Bitcoin, on the other hand, employs a simple UTXO scheme and has limited programmability. Although secure and proven in battle, it has native smart contract support or flexible identity systems. Bitcoin upgrades are gradual and conservative, preserving stability at the cost of inhibiting innovation.
Arcblock is primarily aimed at developers and enterprises who want to build dApps with better UX and interoperability. Projects using Arcblock can integrate real-world services, decentralized identity systems, and multiple blockchains simultaneously. It's ideal for building modern Web3 applications, such as decentralized social networks, enterprise dashboards, and identity-based apps.
Bitcoin, on the other hand, serves a different function. It is used as a store of value, a digital currency, and a financial instrument. Many consider BTC “digital gold,” and it is widely adopted for payments, international transfers, and as a long-term investment asset.
From a global scope and liquidity standpoint, Bitcoin dwarfs Arcblock. Large corporations accept BTC, institutions hold BTC, and governments police or even embrace BTC. Arcblock, as a technically advanced effort, remains fairly niched.
ABT, the native token of Arcblock, functions as a utility token within the Arcblock ecosystem. It is used to pay for computing resources, identity management, data storage, and transaction fees. Developers also use ABT to access SDKs, templates, and APIs provided by the Arcblock team.
BTC operates quite differently. It is not tied to a single platform or ecosystem. Instead, it represents ownership of a finite digital resource and can be traded or stored without any centralized authority. Bitcoin’s halving schedule and capped supply create deflationary pressure, which contributes to its long-term value growth.
Though ABT has its utility within a certain ecosystem, BTC offers wider market liquidity, mainstream popularity, and store-of-value characteristics.
The Bitcoin network is one of the safest network systems worldwide. Its decentralized nature, large hash rate, and global distribution render it highly resistant to hacks. The large population of miners and nodes makes it difficult for hackers or malicious entities to infiltrate or tamper with the system.
Arcblock employs blocklet mining and relies on cloud resources, so it is more adaptable yet has varying security assumptions as a result. Although Arcblock has strong protocols, it lacks Bitcoin's decentralization or network effects.
In general, Bitcoin can be said as a gold standard of blockchain security. Arcblock has modern features, yet it is building trust and scale within its own ecosystem.
Developer friendliness is paramount at Arcblock. Its platform abstractions much of the complexity of blockchain development. Developers can develop dApps with mainstream languages such as JavaScript, and gain access to Arcblock SDKs to accelerate production.
It has a smaller developer scope. It does not natively support smart contracts (although limited scripting is possible), and development focuses mainly on wallets, transaction efficiencies, or layer 2 like lightning Network solutions.
In short, Bitcoin is simple yet very stable and reliable, while Arcblock is very flexible and has a lot of dev tools.
Pros and Cons
Arcblock (ABT)
Pros:
Developers' platform with contemporary toolsets
Modular design with blocklets to facilitate rapid app development
Enables decentralized identity and inter-chain interactions
Cons:
Limited adoption as compared to Bitcoin
Token utility limited to the Arcblock ecosystem
Less decentralized than Bitcoin
Bitcoin (BTC)
Pros:
Widely recognized and adopted globally
Good network security and immutability
Powerful store-of-value and liquidity properties
Cons:
Limited programmability and use cases
Slow processing of transactions and high fees during congestion
Energy-hungry mining operation
Is Arcblock a competitor of Bitcoin?
Not directly. Arcblock focuses on building blockchain infrastructure and tools for developers, whereas Bitcoin is designed to function as a decentralized digital currency and store of value.
Can I invest in both ABT and BTC?
Yes, but it all depends on investment goals. BTC is an old-established asset with mainstream popularity. ABT, though more specialist, has growth prospects within the Web3 development arena.
Which one is safer: Arcblock or Bitcoin?
Bitcoin has a security advantage because of its high degree of decentralization as well as hash power. Arcblock has security mechanisms but has a different architecture and assumptions.
Where can I buy ABT and BTC?
Both of these tokens can be accessed on various crypto websites. BTC is on nearly all of them, as against ABT, which is on a few.
Company |
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1 user review | 2 user review |
Arcblock (ABT) token is currently based on cryptocurrency Ethereum protocol. It is a pre-mined utility token used to pay expenses within the ArcBlock ecosystem. At the moment, ABT is listed on a number of exchanges with the possibility to trade it against fiat (KRW on the Bithumb exchange).
|
Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network.
|
token | coin |
No data | 2009 |
No data | International |
No data | No data |
Public | Not Public |
No data | Public blockchain |
0.6825 | 106713.0764 |
1.6600 | 20089.0000 |
-1.63 | -0.91 |
63264.34376 | 1500548491.78310 |
No data | 93000000000 |
186000000.00000 | 21000000.00000 |
No data | No data |
186000000.00000 | 19883981.00000 |
100 | 7 |
No data | 1 |
No data | No data |
No data | SHA-256 |
No data | PoW |
No data | No data |
No data | No data |
No data | 18433468.00000 |
No data | yes |
No data | 6.250000000000 |
No data | 600 |
Company | ||
---|---|---|
User rating | 1 user review | 2 user review |
Cryptogeek rating | ||
Trust Score How it works |
About |
Arcblock (ABT) token is currently based on cryptocurrency Ethereum protocol. It is a pre-mined utility token used to pay expenses within the ArcBlock ecosystem. At the moment, ABT is listed on a number of exchanges with the possibility to trade it against fiat (KRW on the Bithumb exchange).
|
Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network.
|
---|---|---|
Type | Type token | Type coin |
Founding Date | Founding Date No data | Founding Date 2009 |
Country | Country No data | Country International |
Languages | Languages No data | Languages No data |
Team | Team Public | Team Not Public |
Protocol | Protocol No data | Protocol Public blockchain |
Current price (USD) | Current price (USD) 0.6825 | Current price (USD) 106713.0764 |
All-time high (USD) | All-time high (USD) 1.6600 | All-time high (USD) 20089.0000 |
Price change (24h) | Price change (24h) -1.63 | Price change (24h) -0.91 |
Volume (24h) | Volume (24h) 63264.34376 | Volume (24h) 1500548491.78310 |
Hashrate | Hashrate No data | Hashrate 93000000000 |
Max Supply | Max Supply 186000000.00000 | Max Supply 21000000.00000 |
Total supply | Total supply No data | Total supply No data |
Circulating Supply | Circulating Supply 186000000.00000 | Circulating Supply 19883981.00000 |
Transaction speed / Block time | Transaction speed / Block time 100 | Transaction speed / Block time 7 |
Transaction fee | Transaction fee No data | Transaction fee 1 |
Mining profitability | Mining profitability No data | Mining profitability low |
Algorithm | Algorithm No data | Algorithm SHA-256 |
Proof type | Proof type No data | Proof type PoW |
Fully premined | Fully premined No data | Fully premined No data |
Smart contract address | Smart contract address No data | Smart contract address No data |
Total coins mined | Total coins mined No data | Total coins mined 18433468.00000 |
Is trading | Is trading No data | Is trading yes |
Block reward | Block reward No data | Block reward 6.250000000000 |
Block time | Block time No data | Block time 600 |
www.arcblock.io | bitcoin.org |
@arcblock_io | No data |
Website | Website www.arcblock.io | Website bitcoin.org |
---|---|---|
Twitter @arcblock_io | Twitter No data |
- | - Anonymity; - Small commissions; - High translation speed; - Blockchain technology; - The new payment method officially legalized in a number of countries. |
- | - Attack 51%; - Illegality in many countries; - Unpredictable rate. |
User rating | User rating 1 user review | User rating 2 user review |
---|---|---|
Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
Advantages | Advantages - | Advantages - Anonymity; - Small commissions; - High translation speed; - Blockchain technology; - The new payment method officially legalized in a number of countries. |
Disadvantages | Disadvantages - | Disadvantages - Attack 51%; - Illegality in many countries; - Unpredictable rate. |
Arcblock (ABT) user rating is 4, based on 1 user reviews. Bitcoin (BTC) user rating is 2, based on 2 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
A comparison between Arcblock (ABT) and Bitcoin (BTC) shows two projects with extremely different missions and strengths. Bitcoin is a core asset of the crypto universe, cherished for its decentralization, security, and financial autonomy. Arcblock is a developer-centric platform designed to streamline and innovate blockchain app building. If you're searching for a long-term, battle-tested asset, Bitcoin is an obvious pick. If you're looking at building or contributing to tomorrow’s next-generation decentralized applications, Arcblock is a candidate worth considering. It all boils down, of course, to what you're looking at: holding for value or building into the future?
As the cryptocurrency markets continue to grow, investors and users look at both established titans and new projects with an eye toward broadening their portfolios. In this article, we'll take a close-up comparison of Bitcoin (BTC) vs Arcblock (ABT). While each has a different role within the blockchain environment, looking at their differences can help inform users about what each has to offer. We'll look at their origins, technologies, applications, and many other areas with a comparison of their benefits and drawbacks.
Arcblock is a decentralized platform created with the aim of streamlining decentralized applications (dApp) development and deployment. It was founded back in 2017 by CEO Robert Mao with an aim of addressing shortcomings on conventional blockchain platforms like scalability and lack of good user experience.
Arcblock created its own blockchain platform known as the ABT Network. The network represents a combination of blockchain and cloud computing, utilizing an open-chain access protocol and a proprietary “blocklet” framework to integrate various blockchain networks without any hassles. The ABT token is Arcblock’s native cryptocurrency and can be utilized for paying services, powering applications, as well as incentivizing use.
It stands out because it targets developers wanting to build Web3 applications without needing to be master blockchain programmers. By offering interfaces like the Forge Framework and DID (Decentralized Identity), Arcblock makes dApp backend logic and identity management a breeze.
Bitcoin, the first and most recognized cryptocurrency, was introduced in 2009 by an anonymous figure or group using the pseudonym Satoshi Nakamoto. It was created as a peer-to-peer electronic cash system with the aim of decentralizing financial transactions and removing reliance on intermediaries like banks.
It is based on a Proof-of-Work (PoW) consensus mechanism and has a 21 million-coin hard cap, which underpins its scarcity and value proposition. While Bitcoin is not an app development platform like Arcblock, it is mainly a store of value, medium of exchange, and inflation hedge.
Since its inception, Bitcoin has come to mean cryptocurrency itself. Its strong network security, large adoption, and digital gold status make it a pillar of the crypto economy.
It was created with a view of fixing a few of the fundamental shortcomings of first-generation blockchain networks like Bitcoin. While Bitcoin is based on its own proprietary blockchain, Arcblock presents a multi-chain setup. This lets programmers engage with different blockchain networks under one application layer.
Arcblock uses a blocklet-based architecture, with every app function divided into smaller, independent pieces. These can be easily reused on different projects, saving on development time as well as costs. Arcblock also makes use of Decentralized Identity (DID) tools and adheres to OAuth 2.0-style authentication, following contemporary web specifications.
Bitcoin, on the other hand, employs a simple UTXO scheme and has limited programmability. Although secure and proven in battle, it has native smart contract support or flexible identity systems. Bitcoin upgrades are gradual and conservative, preserving stability at the cost of inhibiting innovation.
Arcblock is primarily aimed at developers and enterprises who want to build dApps with better UX and interoperability. Projects using Arcblock can integrate real-world services, decentralized identity systems, and multiple blockchains simultaneously. It's ideal for building modern Web3 applications, such as decentralized social networks, enterprise dashboards, and identity-based apps.
Bitcoin, on the other hand, serves a different function. It is used as a store of value, a digital currency, and a financial instrument. Many consider BTC “digital gold,” and it is widely adopted for payments, international transfers, and as a long-term investment asset.
From a global scope and liquidity standpoint, Bitcoin dwarfs Arcblock. Large corporations accept BTC, institutions hold BTC, and governments police or even embrace BTC. Arcblock, as a technically advanced effort, remains fairly niched.
ABT, the native token of Arcblock, functions as a utility token within the Arcblock ecosystem. It is used to pay for computing resources, identity management, data storage, and transaction fees. Developers also use ABT to access SDKs, templates, and APIs provided by the Arcblock team.
BTC operates quite differently. It is not tied to a single platform or ecosystem. Instead, it represents ownership of a finite digital resource and can be traded or stored without any centralized authority. Bitcoin’s halving schedule and capped supply create deflationary pressure, which contributes to its long-term value growth.
Though ABT has its utility within a certain ecosystem, BTC offers wider market liquidity, mainstream popularity, and store-of-value characteristics.
The Bitcoin network is one of the safest network systems worldwide. Its decentralized nature, large hash rate, and global distribution render it highly resistant to hacks. The large population of miners and nodes makes it difficult for hackers or malicious entities to infiltrate or tamper with the system.
Arcblock employs blocklet mining and relies on cloud resources, so it is more adaptable yet has varying security assumptions as a result. Although Arcblock has strong protocols, it lacks Bitcoin's decentralization or network effects.
In general, Bitcoin can be said as a gold standard of blockchain security. Arcblock has modern features, yet it is building trust and scale within its own ecosystem.
Developer friendliness is paramount at Arcblock. Its platform abstractions much of the complexity of blockchain development. Developers can develop dApps with mainstream languages such as JavaScript, and gain access to Arcblock SDKs to accelerate production.
It has a smaller developer scope. It does not natively support smart contracts (although limited scripting is possible), and development focuses mainly on wallets, transaction efficiencies, or layer 2 like lightning Network solutions.
In short, Bitcoin is simple yet very stable and reliable, while Arcblock is very flexible and has a lot of dev tools.
Pros and Cons
Arcblock (ABT)
Pros:
Developers' platform with contemporary toolsets
Modular design with blocklets to facilitate rapid app development
Enables decentralized identity and inter-chain interactions
Cons:
Limited adoption as compared to Bitcoin
Token utility limited to the Arcblock ecosystem
Less decentralized than Bitcoin
Bitcoin (BTC)
Pros:
Widely recognized and adopted globally
Good network security and immutability
Powerful store-of-value and liquidity properties
Cons:
Limited programmability and use cases
Slow processing of transactions and high fees during congestion
Energy-hungry mining operation
Is Arcblock a competitor of Bitcoin?
Not directly. Arcblock focuses on building blockchain infrastructure and tools for developers, whereas Bitcoin is designed to function as a decentralized digital currency and store of value.
Can I invest in both ABT and BTC?
Yes, but it all depends on investment goals. BTC is an old-established asset with mainstream popularity. ABT, though more specialist, has growth prospects within the Web3 development arena.
Which one is safer: Arcblock or Bitcoin?
Bitcoin has a security advantage because of its high degree of decentralization as well as hash power. Arcblock has security mechanisms but has a different architecture and assumptions.
Where can I buy ABT and BTC?
Both of these tokens can be accessed on various crypto websites. BTC is on nearly all of them, as against ABT, which is on a few.