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About Archethic
Key Points
- Archethic is a Layer 1 blockchain providing decentralized services.
- Its infrastructure is scalable, secure, and energy-efficient due to the “ARCH” consensus mechanism.
- Smart contracts feature internal oracles, time-triggers, editable content, and interpreted language.
- Native integration for DeFi, NFTs, and decentralized identity.
- Biometric device for secure and private identity verification.
Founders
- CEO Sebastien Dupont: 10+ years of experience in mobile banking and identity management.
- COO Nilesh Patankar: experience in payments technology
About Archethic Blockchain Network
Introducing Archethic ($UCO): A Revolutionary Blockchain Ecosystem
Archethic is a pioneering Layer 1 blockchain, poised to democratize access to decentralized services for billions of users worldwide.
Its blockchain infrastructure boasts unparalleled scalability, security, and energy efficiency, courtesy of the innovative “ARCH” consensus mechanism.
Archethic smart contracts transcend conventional limitations by incorporating innovative features, including internal oracles, time-based triggers, editable content, and interpreted languages, thereby empowering developers to push the boundaries of what is possible.
By seamlessly integrating DeFi, NFTs, and decentralized identity solutions, Archethic fosters a unified and interoperable ecosystem, bridging the gap between diverse blockchain networks.
To realize the long-term vision of a decentralized network in the hands of the global population, Archethic has developed a biometric device that prioritizes personal data privacy, ensuring compliance with the stringent regulations of the General Data Protection Regulation (GDPR).
Empowering effortless access to the blockchain universe at your fingertips.
Empower your digital autonomy with unparalleled control at your fingertips.
The Visionaries Behind Archethic (UCO): Meet the Founders
Archethic was established by a team of seasoned French financial professionals and computer science experts. At the helm is CEO Sebastien Dupont, who brings over a decade of experience as Head of Mobile Banking in Africa and Deputy Director of Group Identity at the French mobile operator Orange. COO Nilesh Patankar boasts an impressive background, having served as Director of Payments Technology at Barclays and VP of Product Development and Innovation at Mastercard. The team’s diverse expertise is further enriched by researchers from the esteemed École Polytechnique in Paris and professionals with a proven track record at prestigious companies such as Mozilla, Google, and PwC. Additionally, Archethic has forged strategic partnerships with HEC Challenge+ and a range of French accelerators, including the École Polytechnique X-UP accelerator.
Unveiling the Unparalleled Attributes of Archethic (UCO)
Archethic has pioneered a proprietary and patented consensus mechanism, dubbed ARCH, which empowers the Archethic blockchain to cater to a diverse range of use cases. A trailblazer in the market, Archethic boasts tamper-proof biometric authentication, thereby enabling the blockchain to facilitate decentralized identity verification. This innovative application could, for instance, grant access to prominent public events or secure communication channels without necessitating the disclosure of personal identity details. The biometric data derived from within your finger will generate multiple cryptographic keys, which will remain confidential, and subsequently, our digital identity will be encrypted. Through this approach, Archethic strives to achieve widespread adoption of its blockchain.
Moreover, Archethic boasts the capability to seamlessly integrate a diverse array of services, including payments, inventory management, data storage, and security, among others, natively within its ecosystem. This would effectively eliminate the siloed structure that currently prevails, where separate companies provide distinct services in traditional server-client relationships. By incorporating oracles natively within its ecosystem, as opposed to relying on external services as is currently the case, Archethic could be leveraged in fintech and healthcare to facilitate biometric payments and secure medical records, thereby unlocking a new realm of possibilities.
The Circulating Supply of Archethic (UCO) Coins: An Overview
The maximum supply is capped at 10 billion units.
The Archethic Network’s Unwavering Security: A Pillar of Trust
Archethic employs its proprietary ARCH consensus mechanism, which bears similarities to other consensus mechanisms in its treatment of transactions as indivisible atomic units. The mining process relies on cryptographic verification to authenticate and secure the origin of a transaction, leveraging biometric devices, smartphones, hardware or software keys. Consequently, a mere 197 miners are required to validate transactions. While anyone can operate a storage node, the network selects miners to validate transactions in a fair and geographically dispersed manner. Notably, early investors are accorded preferential treatment in the selection process.
Through the sequential linking of transactions, each transaction chain is stored in a reproducible and chronologically ordered manner across a network of nodes. Consequently, each node possesses a comprehensive understanding of all nodes hosting a specific transaction, thereby enabling it to alleviate network congestion by querying only the nearest “elected” nodes. This design ensures the system’s geo-security and self-healing capabilities.
Where to Acquire Archethic (UCO): A Comprehensive Guide
UCO is accessible on :
Notable decentralized exchanges, including Uniswap V2, Pancakeswap V2, Quickswap V2, and Probit Global, have been seamlessly integrated.
A Groundbreaking 90% Burn: A Pioneering Feat in Blockchain History – https://blog.archethic.net/uco-biggest-burn-in-blockchain-
Heritage
The total supply of tokens is capped at 1 billion.
Token Distribution:
The allocation of funds is as follows: 38.2% for Funding Sale, 23.6% for Deliverables, 14.6% for Network Pool, 9% for Enhancement, 5.6% for Team, 3.4% for Exchange, 3.4% for Team, and 2.2% for Marketing.