Archethic Tech Update – July 2022

Archethic Tech Update – July 2022
Photo by Mercvrie / Unsplash


Archethic developments in the last month have been focused on the release of the mainnet and the launch of the bug bounty.

No major features, but for our goal of transparency we want to give you some update on it.

Mainnet launch

We have started the rolling-launch of the mainnet with linear increase in the number of nodes.
Our strategy in terms of deployment is to add more and more nodes over time while stabilizing the network and making sure the network behaves well.

We also got some feedback, and we analyzed our transaction validation to be around 2s from the mining process until the complete validation.
From the Archethic's wallet, all the transactions take between 3-4 seconds starting from the send button to the reception on another account.

We have fixed some issues regarding latency corrections, and we are still fixing others to make the system more reliable with different network setup and connections around the world.

Bug Bounty

This month was the launch of the Bug Bounty program, and it has been good so far.  

Several products/applications received feedbacks and contributions.

We can see the Wallet (63%) and the Node (23%) (Explorer/Faucet/Network) have been solicited in priority.

Distribution of contributions for the bug bounty by product

Note: some issues have been detected by the team prior or during bug bounty, but not reported in this status.

For now, almost half the issues have been analyzed and resolved.
The rest is either under triage or work in progress; based on the reproducibility and the difficulty of the problem.

Distribution of issues opened / closed since the beginning of the bug bounty by product

Thanks!

A big thanks to the Archethic community and to all developers who came forward to provide inputs, thoughts, and contributions, helping us to make the network and applications better.

Archethic Wallet

Our wallet is now available on Android and macOS. Windows, iOS, Linux and Web versions are coming soon, we will keep you informed about the same on our social media. You can download the latest version of our wallet here.


Archethic Public Blockchain

Archethic is a Layer 1 aiming to create a new Decentralized Internet.

Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".

Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.

Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.

In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).

Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/

Archethic Foundation Non-profit in order to manage decentralized governance of the public blockchain


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