Akshay Reddy - Archethic Blog

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Akshay Reddy

Chief Product Officer @Uniris

From China to Antarctica: The Importance of Geographical Diversity in Blockchain Node Distribution

From China to Antarctica: The Importance of Geographical Diversity in Blockchain Node Distribution

Blockchain technology has revolutionized the way we transact and store data. However, there is a significant problem with the current blockchain networks: the nodes are not well distributed across the globe. This means that if there is a geopolitical or natural calamity risk, the nodes in a specific region can

Archethic Blockchain's Algo lets the Fastest Interactions between Nodes across the Globe in a Decentralized Network

Archethic Blockchain's Algo lets the Fastest Interactions between Nodes across the Globe in a Decentralized Network

The internet is moving from a centralized network towards a decentralized network, the reason being “The Decentralized Web will enable users and creators to interact and exchange value directly in a peer-to-peer fashion, removing the role of centralized platforms as middlemen that extract value from these interactions." This “Decentralized Web”

How to save 10% of the World Energy Consumption by replacing Internet 2.0 by Web 3.0

How to save 10% of the World Energy Consumption by replacing Internet 2.0 by Web 3.0

Summary: This article explains how Archethic public blockchain consumes very less energy even compared to centralized systems and how it could provide a more eco-friendly and advanced version of the internet! Contents: 1. Introduction 2. Problems pertaining to the current internet in terms of the energy consumption 2.1 Internet

Beacon Chains & Beacon Explorer

Beacon Chains & Beacon Explorer

What is Beacon Chain in Archethic Network? Beacon chains represent a summary of all the transactions based on time slots of the Archethic P2P network. Beacon Chains lists all the network states and transactions every beacon slot [for now each beacon slot is for 1o mins] and summarises it every

Archethic's Faucet [In Testnet]

Archethic's Faucet [In Testnet]

Nowadays almost every Crypto projects offer a "faucet" which acts like a free flowing tap dropping (read distributing) funds into user's wallet addresses. This funds are completely available for free and are mainly utilised by users to experiment with the several Testnet features before they are ready to invest in

Breakout Blockchain of 2021: Archethic

Breakout Blockchain of 2021: Archethic

ARCHEthic Public Blockchain is delighted to have been nominated for “Breakout Blockchain of 2021” at Hackernoon Noonies Award 2021 competing in the category with Polkadot, Solana and many other leading blockchains.

What is Archethic Public Blockchain, UCO, Archethic Foundation, Uniris?

What is Archethic Public Blockchain, UCO, Archethic Foundation, Uniris?

What is Archethic Public Blockchain? Archethic Public Blockchain gives back to humanity control over technology, and to each individual, control over their identity Archethic Public Blockchain is the first integrated services platform capable of meeting a fundamental need: giving everyone back the control over technology. In this way, Archethic is

The Solution to Blockchain's (Eg: Ethereum) Painful Transition 1.0, 2.0, etc...

The Solution to Blockchain's (Eg: Ethereum) Painful Transition 1.0, 2.0, etc...

Today most of the governance mechanisms in Bitcoin, Ethereum, etc... are informal (off-chain). These governance models are designed or improved based on Satoshi Nakomoto's original whitepaper. Improvement proposals to the blockchain are initially submitted by developers and then the core group involved with the blockchain, mostly consisting of developers, are

Maintaining the Integrity of the Blockchain even with 90% Maliciousness

Maintaining the Integrity of the Blockchain even with 90% Maliciousness

Blockchains are prone to 51% and 67% attacks depending on its consensus protocol, which means if 51% of miners are malicious then the blockchain network is compromised or hacked. The same goes for 67% attack. For the case of Bitcoin, if malicious miners control 51% of computing power then, the

Self Healing Blockchains

Self Healing Blockchains

The world is eagerly waiting for a next-generation, high-performance, permission-less blockchain and this blockchain should be able to industrially scale all decentralized applications. So far, the world/crypto community has witnessed: * P2P blockchain networks that use all the peers to validate transactions, do computation and storage. For example, Bitcoin, Ethereum

The First Public Biometric Identity for Universal Authentication

Uniris-Biometric

The First Public Biometric Identity for Universal Authentication

Biometric identity is not new to the world, the first commercial hand geometry recognition systems became available in the early 1970s, arguably the first commercially available biometric device after the early deployments of fingerprinting in the late 1960s. But until now there is no biometric solution that is for the

Heuristic Sharded Triple Entry Accounting by Archethic

Heuristic Sharded Triple Entry Accounting by Archethic

Accounting is needed for the survival of humans, especially in the 21st century. It not only keeps track of the financials of a business but also every step in our lives. As long as there are people in the world, there will be businesses, and as long as the businesses

2020 Oscar Speech and the Power of Blockchain

2020 Oscar Speech and the Power of Blockchain

Oscars 2020 has been fantastic, if you have watched it you would have seen Joaquin Phoenix's acceptance speech. His speech was a sociopolitical epic. He discussed mainly about injustice in the society. He said ".......I've been thinking a lot about some of the distressing issues that we are facing collectively.

The Mysterious new Proof-of-Work by Archethic

The Mysterious new Proof-of-Work by Archethic

A proof of work is a piece of data which is difficult to produce but easy for others to verify and which satisfies certain requirements. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average

Who said Blockchains don't scale? Archethic just did it!

Who said Blockchains don't scale? Archethic just did it!

Cryptocurrencies and blockchain are increasing in popularity and gaining public awareness, but there’s a risk the technology will be unable to keep up with demand. We all have heard of blockchains where, in a network (like Bitcoin) all the transactions are grouped into blocks chronologically with a cryptographic proof

TransactionChain instead of Blockchain

TransactionChain instead of Blockchain

Cryptocurrencies and blockchain are increasing in popularity and gaining public awareness, but there’s a risk the technology will be unable to keep up with demand. We all have heard of blockchains where, in a network (like Bitcoin) all the transactions are grouped into blocks chronologically with a cryptographic proof

Archethic Network to ensure Randomness, Data Consistency and Remuneration to Storage Pool

Archethic Network to ensure Randomness, Data Consistency and Remuneration to Storage Pool

Many P2P blockchain networks today replicate all the data (transaction data, algorithms, softwares, etc) in all the nodes of the network. Bitcoin, Ethereum and many more have achieve this exceptional feet but have sacrificed scalability & speed. However, today there are billions of transactions happening every second around the world (payments,

Gamifying Universal Token (UCO) Distribution: Reaching the Masses

Gamifying Universal Token (UCO) Distribution: Reaching the Masses

Cryptocurrency is global and accessible to all. Cryptocurrencies rely on network-effect business models where the effect of cryptocurrency is only as good as those who use and accept it. That said, it has not yet reached the mass adoption as expected and the network effect has not really kicked in.

Archethic Patches: To Ensure Maximum P2P Data Availability (Part 2)

Archethic Patches: To Ensure Maximum P2P Data Availability (Part 2)

The Network Coordinates calculation for nodes is inspired from the distribution of stars in the galaxy.

Archethic Patches: To Ensure Maximum P2P Data Availability (Part 1)

Archethic Patches: To Ensure Maximum P2P Data Availability (Part 1)

This article aims to help you understand the issues of Data Availability in P2P networks and explain the Archethic implementation details (i.e. Patches) that help address these issues. P2P network is the key component of all blockchain systems like Bitcoin and Archethic . P2P technology has the potential to alleviate

Archethic ARCH Consensus

Archethic ARCH Consensus

A consensus algorithm is a procedure through which all the peers in the network reach a common agreement about the present state of the distributed ledger. In this way, consensus algorithms achieve reliability in the P2P network and establish trust between unknown peers in a distributed computing environment. "Consensus is