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1NOTICENOTHING IN THIS TECHNICAL WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER ARCBLOCK FOUNDATION LTD. THE FOUNDATION, ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE ARCBLOCK PLAT AS DEFINED HEREIN OR PROJECT TO DEVELOP THE ARCBLOCK PLAT IN ANY WAY WHATSOEVER THE ARCBLOCK TEAM NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS TECHNICAL WHITEPAPER, THE BUSINESS WHITEPAPER, THE WEBSITE AT HTTPS//WWW.ARCBLOCK.IO/ OR ANY OTHER MATERIALS PUBLISHED BY THE FOUNDATION.All contributions will be applied towards the Foundations objects, including without limitation promoting the research, design and development of, and advocacy for a scalable, extensible, cost efficient, protocol-agnostic and easy-to-use plat for building and deploying decentralised blockchain applications, which would overcome many of the existing technological barriers faced by existing blockchains, and which is designed to be a self-evolving ecosystem.This Technical Whitepaper is intended for general inational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset whether digital or otherwise. The ination herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such ination and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such ination. Where this Technical Whitepaper includes ination that has been obtained from third party sources, the Foundation and/or the ArcBlock team have not independently verified the accuracy or completion of such ination.This Technical Whitepaper does not constitute any offer by the Foundation or the ArcBlock team to sell any ABT as defined herein nor shall it or any part of it nor the fact of its presentation the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this Technical Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future perance of the ArcBlock Plat. The agreement between the Foundation or its affiliate and you, in relation to any sale and purchase of ABT is to be governed by only the separate terms and conditions of such agreement.By accessing this Technical Whitepaper or any part thereof, you represent and warrant to the Foundation, its affiliates and the ArcBlock team as followsa you acknowledge, understand and agree that ABT may have no value, there is no guarantee or representation of value or liquidity for ABT, and ABT is not for speculative investment;b none of the Foundation, its affiliates, and/or the ArcBlock team members shall be responsible for or liable for the value of ABT, the transferability and/or liquidity of ABT and/or the availability of any market for ABT through third parties or otherwise;c in any decision to purchase any ABT, you have not relied on any statement set out in this Technical Whitepaper;d you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you as the case may be; ande you acknowledge, understand and agree that you are not eligible to purchase any ABT if you are a citizen, national, resident tax or otherwise, domiciliary and/or green card holder of a geographic area or country i where it is likely that the sale of ABT would be construed as the sale of a security howsoever named or investment product and/or ii in which access to or participation in the ABT token sale or the ArcBlock Plat is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or including without limitation The United States of America, The Peoples Republic of China, New Zealand, and the Republic of Korea.The Foundation and the ArcBlock team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person. Prospective purchasers of ABT should carefully consider and uate all risks and uncertainties including financial and legal risks and uncertainties associated with the ABT token sale, the Foundation and the ArcBlock team.The ination set out in this Technical Whitepaper is for community discussion only and is not legally binding. The agreement for sale and purchase of ABT shall be governed by a separate Token Sale Terms and Conditions setting out the terms and conditions of such agreement the Token Sale Terms and Conditions, which shall be separately provided to you or made available at https//www.arcblock.io/. In the event of any inconsistencies between the Token Sale Terms and Conditions and this Technical Whitepaper, the Token Sale Terms and Conditions shall prevail.All statements contained in this Technical Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation and/or the ArcBlock team may constitute forward-looking statements including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices. You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements. These forward-looking statements are applicable only as of the date of this Technical Whitepaper and the Foundation and the ArcBlock team expressly disclaims any responsibility whether express or implied to release any revisions to these forward-looking statements to reflect events after such date.This Technical Whitepaper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this Technical Whitepaper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this Technical Whitepaper.No part of this Technical Whitepaper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation.NOTICENOTHING IN THIS TECHNICAL WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER ARCBLOCK FOUNDATION LTD. THE FOUNDATION, ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE ARCBLOCK PLAT AS DEFINED HEREIN OR PROJECT TO DEVELOP THE ARCBLOCK PLAT IN ANY WAY WHATSOEVER THE ARCBLOCK TEAM NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS TECHNICAL WHITEPAPER, THE BUSINESS WHITEPAPER, THE WEBSITE AT HTTPS//WWW.ARCBLOCK.IO/ OR ANY OTHER MATERIALS PUBLISHED BY THE FOUNDATION.All contributions will be applied towards the Foundations objects, including without limitation promoting the research, design and development of, and advocacy for a scalable, extensible, cost efficient, protocol-agnostic and easy-to-use plat for building and deploying decentralised blockchain applications, which would overcome many of the existing technological barriers faced by existing blockchains, and which is designed to be a self-evolving ecosystem.This Technical Whitepaper is intended for general inational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset whether digital or otherwise. The ination herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such ination and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such ination. Where this Technical Whitepaper includes ination that has been obtained from third party sources, the Foundation and/or the ArcBlock team have not independently verified the accuracy or completion of such ination.This Technical Whitepaper does not constitute any offer by the Foundation or the ArcBlock team to sell any ABT as defined herein nor shall it or any part of it nor the fact of its presentation the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this Technical Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future perance of the ArcBlock Plat. The agreement between the Foundation or its affiliate and you, in relation to any sale and purchase of ABT is to be governed by only the separate terms and conditions of such agreement.By accessing this Technical Whitepaper or any part thereof, you represent and warrant to the Foundation, its affiliates and the ArcBlock team as followsa you acknowledge, understand and agree that ABT may have no value, there is no guarantee or representation of value or liquidity for ABT, and ABT is not for speculative investment;b none of the Foundation, its affiliates, and/or the ArcBlock team members shall be responsible for or liable for the value of ABT, the transferability and/or liquidity of ABT and/or the availability of any market for ABT through third parties or otherwise;c in any decision to purchase any ABT, you have not relied on any statement set out in this Technical Whitepaper;d you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you as the case may be; ande you acknowledge, understand and agree that you are not eligible to purchase any ABT if you are a citizen, national, resident tax or otherwise, domiciliary and/or green card holder of a geographic area or country i where it is likely that the sale of ABT would be construed as the sale of a security howsoever named or investment product and/or ii in which access to or participation in the ABT token sale or the ArcBlock Plat is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or including without limitation The United States of America, The Peoples Republic of China, New Zealand, and the Republic of Korea.The Foundation and the ArcBlock team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person. Prospective purchasers of ABT should carefully consider and uate all risks and uncertainties including financial and legal risks and uncertainties associated with the ABT token sale, the Foundation and the ArcBlock team.The ination set out in this Technical Whitepaper is for community discussion only and is not legally binding. The agreement for sale and purchase of ABT shall be governed by a separate Token Sale Terms and Conditions setting out the terms and conditions of such agreement the Token Sale Terms and Conditions, which shall be separately provided to you or made available at https//www.arcblock.io/. In the event of any inconsistencies between the Token Sale Terms and Conditions and this Technical Whitepaper, the Token Sale Terms and Conditions shall prevail.All statements contained in this Technical Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation and/or the ArcBlock team may constitute forward-looking statements including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices. You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements. These forward-looking statements are applicable only as of the date of this Technical Whitepaper and the Foundation and the ArcBlock team expressly disclaims any responsibility whether express or implied to release any revisions to these forward-looking statements to reflect events after such date.This Technical Whitepaper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this Technical Whitepaper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this Technical Whitepaper.No part of this Technical Whitepaper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation.2INTRODUCTIONPURPOSEThe purpose of this document is to provide a high-level technical overview of the ArcBlock plat. It assumes that the reader has a basic understanding of cloud computing, decentralized applications, and blockchain technology. A list of resources is provided for those who would like to develop a foundational understanding of blockchain technology. SCOPEThis document provides a technical overview of ArcBlock, a blockchain ecosystem for building and deploying decentralized applications. It describes core elements of the service and provides details about the architectural design of critical components.The ination in this document is intended for inational purposes only. ArcBlock may make improvements or changes to the products, architectural design, or programs described in this document at any time without notice.RELATED DOCUMENTSArcBlock Official Website https//arcblock.io3TABLE OF CONTENTS Introduction 2Purpose 2Scope 2Related Documents 2Overview 5Problems with Today’s Blockchains 5Poor Perance 5Not Consumer Friendly 5Cost 6Plat Lock-In 6Lack of Features 6The ArcBlock Plat 7ArcBlock’s Advantages 8Built for the New Token Economy 8Optimized for the Best Experience 8Built for the Cloud 8Built with an Open Standard 9Architecture 9Design Principles 9System Architecture 9Open Chain Access Protocol 10Blocklet 10Blocklet Components 11Decentralized Pub/Sub Gateway 11Marketplace and Token Economy 11
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