Archethic has developed a proprietary and patented consensus mechanism called ARCH that allows the Archethic blockchain to be employed for several use cases. A first on the market, Archethic claims to provide tamper-proof biometric authentication, enabling the blockchain to be used for decentralized identity verification. This could be, for instance, used to provide access to major public events or communication without ever having to reveal the details of our identity. The biometric data from inside your finger will generate several cryptographic keys that will never be disclosed and from which our digital identity will be encrypted. In this way, Archethic aims to achieve mass adoption of its blockchain.

Furthermore, Archethic claims to be able to integrate different services like payments, inventory management, data storage and security, and a heap of others natively. This would do away with the siloed structure of current services, where separate companies provide distinct services in traditional server-client relationships. By having oracles natively integrated within its ecosystem, as opposed to external services as is currently the case, Archethic could be utilized in fintech and health, to enable biometric payments and secure medical records.

Total supply = 1 billion.

Token distribution :

38.2% Funding Sale 23.6% Deliverables 14.6% Network Pool 9% Enhancement 5.6% Team 3.4% Exchange 3.4% Marketing 2.2 % Team

Note : Max supply was initially 10B. 90% BURN : https://blog.archethic.net/uco-biggest-burn-in-blockchain-history/ New supply is 1B

Archethic uses its proprietary ARCH consensus mechanism, which is similar to the directed acyclic graph consensus mechanism due to its treatment of transactions as atomic units. Mining is based on cryptographic verification to validate and secure the origin of a transaction (biometric devices, smartphones, hardware or software keys). Thus, only 295 miners are required to validate transactions. Anyone can own a storage node, but the network chooses which miners get to validate transactions in a fair and geographically distributed way. Early investors have preferential treatment to be chosen as miners.

Since transactions are chained together individually, each transaction chain will be stored in a reproducible and ordered way on a set of nodes. Therefore, each node will independently know all the nodes hosting a given transaction and, thus, will be able to relieve the network by interrogating only the closest "elected" nodes. This makes the system geo-secure and capable of self-repair.

UCO is available on UniswapV2, Bitglobal, and Probit Global.

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