Archethic

Archethic gives back to humanity control over technology, and to each individual, control over their identity.

With a scalability >1 Million TPS, validation time < 5 sec, capability to handle up to 90% maliciousness, 3.6 billion times less energy consumption than Bitcoin and 0.1% transaction fee, the transactions outperform market standards.

Our blockchain platform aims to replace and to improve all current applications with a comprehensive and open ecosystem, allowing people to move from the trust imposed by centralized to a decentralized system.

Your identity is your right. With Archethic, you can access your identity but no one owns it. The security and threat issues that centralized systems pose helped us realize that self-sovereign identity is needed now more than ever.

Foundation

Archethic foundation is a non-profit organization whose vision is the promotion of the Archethic Public Blockchain Protocol. It considers Archethic as a project – where a solid technical foundation is a key to winning the marathon race to global adoption. Its role is to sustainably deploy resources that are under control to support the long-term success of Archethic. This long-term success will only be possible with a vibrant decentralized ecosystem.

Decentralized Identity & Proof of Identity

An essential prerequisite for a human-inclusive governance in blockchain is the ability of the ecosystem to uniquely identify a person and to integrate that person into a relevant group.

On-Chain Governance

The code used by the nodes is hosted by the Blockchain itself, so the network is certain that all the nodes will immediately apply the decided updates along with the ability to test the impact of a new feature in real.

Modifiable Smart-Contract

Each smart-contract is stored in the form of a specific transaction chain allowing the network to version (git...) all updates, and also to force each update according to a specific governance (voting quorum, veto right...).

Generous Incentives

Financing the work associated with updates, new features, and contributions is an essential element. The network has a reserve of one-third of the tokens for this purpose.

UCO - Programmed to grow

Archethic, an open-source public blockchain is an infrastructure that is fuelled by its native cryptocurrency and should ideally scale to the sum of its individual nodes’ performance. It needs to be designed in such a way that it is a self-sustaining economy run by the people, for the people.

UCO is based on the principle of controlled supply and creating demand. For further information read the Tokenomics Paper below.

Roadmap

H1 2021

Transaction Chain

Transaction Validation (Distributed / POW / Sharding) UCO transaction

NFT Oracle (UCO Price Feed)

H2 2021

Transaction fee algorithm P2P (UPnP)

Origin keys Enrollment of new miners (smart-contract)

Keychain creation tool (from wallet)

H1 2022

Malicious detection implementation

Manage origin keys (renewal / device sign-in)

Graphs on the explorer

H2 2022

Fully fledged Mobile Wallet

NFC functionality for