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

Archethic's first DApp: Decentralized Website

Archethic's first DApp: Decentralized Website

Contents * Introducing AE Web * AE Web CLI (Command Line Interface) What is AE Web? With more than 252000 websites created globally everyday where 99% of these websites being very small, small and medium sized websites, its maintenance, security risks & costs are very high. AE Web provides a single solution to

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

Archethic Blockchain's Energy Consumption less than Centralized Systems

Archethic Blockchain's Energy Consumption less than Centralized Systems

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

Self-healing Blockchains

Self-healing Blockchains

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

Self Healing Blockchains are the Future

Self Healing Blockchains are the Future

Most P2P blockchain networks replicate all the data (transaction data, algorithms, software, etc.) in all the nodes of the network. Bitcoin, Ethereum, and many more have achieved this by sacrificing scalability & speed. However, today there are billions of transactions happening every second around the world (payments, IoT, supply chain, etc.

Why 2020 is the time for MEGA-ICOs?

Why 2020 is the time for MEGA-ICOs?

The money raised through an ICO has been on a roller coaster ride for most of the time so far. With huge deals that came in the first half of 2018 where the average initial coin offering (ICO) raised USD 25.5 million. But this number fell to USD 2

Is Coronavirus the new ‘X’ factor of technologies?

Is Coronavirus the new ‘X’ factor of technologies?

We are living in an unprecedented global health crisis, and no country in the world is an exception. During this pandemic, it is vital to stop the spread of the virus by limiting travel and gatherings which represent an obvious risk of spread. While many countries, like France are in

Archethic Blockchain for a Recession-Proof World

Archethic Blockchain for a Recession-Proof World

We are now in a recession, and if you're like most investors, you definitely want to find some of the best investments that are recession-proof. After all, no one wants to see their investments fail at a time when they need it the most. In the past, most people who

Archethic, The Least Energy-Consuming Blockchain Platform

Archethic, The Least Energy-Consuming Blockchain Platform

Energy consumption of any man-made system has to be sustainable especially in the 21st century. Due to the constant increase in CO2 emissions, the man-made systems need to be energy-efficient. Most people when they think of blockchain technology, they think of it as the most recent and innovative man-made system.

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

India Wants Crypto

India Wants Crypto

India Wants Crypto - a hashtag that became a reality last week. Finally, the Supreme Court of India has struck off the Reserve Bank of India's (RBI) banking ban against #Crypto. The Court held that RBI Circular dated 6th April 2018 is unconstitutional. The entire struggle of lifting the ban

The Best Blockchain Platform to Develop your Project

The Best Blockchain Platform to Develop your Project

Currently, there are so many blockchain platforms out there, that I have lost count of them. Each and everyone consider themselves as the best in scalability, throughput, security, ... Hence, it is tough or impossible for a developer or a regular tech guy to judge which blockchain platform he/she should

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