DApp platform ArcBlock launches native token swap service and asset chain

DApp platform ArcBlock launches native token swap service and asset chain

ArcBlock, a custom blockchain development platform, today announced the official release of its Token Swap Service and asset chain. From today, ArcBlock users and developers will have access to fully utilize token swap operations for their applications, services, and utility. The ArcBlock team says they will soon be deploying additional swap service instances in more regions including mainland China.

Token Swap Service is a bidirectional swap service developed by ArcBlock that enables developers and users to swap between the ABT asset chain and native token and the Ethereum-based ERC20 ABT. In the future, this service will also be available to other development platforms and services that need to support other types of blockchains developed on the ArcBlock blockchain development framework.

As of now, ArcBlock has enabled the official ABT native token for use on the ABT Networks and ArcBlock development platform using the ABT asset chain, as well as the Ethereum public blockchain and can be transferred to each other as the user needs.

“The main design goal of the ArcBlock system is the application, so they pass on the ABT chain and are fully utilized in the app ecosystem of various ArcBlock platforms. While Ethereum’s design is the same, it has not been easy to develop apps due to performance issues. But Ethereum, as a popular public chain, has advantages in terms of asset security, universal access, and so on, so we have bridged the two ecosystems through currency exchange services, giving developers and users maximum convenience and advantages.”
– The ArcBlock Team

Currently, ArcBlock recommends that users log in using the latest version of the ABT wallet. Android’s Google Play Store is currently up to date, and iOS’ App Store will be released shortly.

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