Welcome to Archethic
Welcome, it's great to have you here. We know that first impressions are important, so we've populated your new site with some initial getting started posts that will help you get familiar with everything in no time.
👋 Welcome, it's great to have you here.
But before to tell you more about Archethic maybe this short introduction should help you to understand better the context and the purpose of the Archethic Project.
Information Technology has propelled Humanity to the heart of a new paradox.
Every individual must own a digital identity to have economic and social interactions (e.g. Network Registration, Platform Logins, Online Payments, App Subscriptions, Chats, File Sharing) ... Without a digital identity, everything is locked. It has become mandatory to exist. However, today, no solution has been found to protect or control this identity. There is no way to be authenticated in an absolutely secure and certain way. There is no way for an individual to prove that they are the one connecting, nor to guarantee that no one else will be able to connect in their place - While, it has never been easier to take control of someone’s digital identity (social engineering, zero-days vulnerabilities, etc.).
How will it be possible to guarantee complete trust in an information system without need of trusted third parties? Or, more precisely: how can we ensure that a system, that we know in advance some will try to hijack, can guarantee the security of data and information? The principles of Blockchain and in particular the Bitcoin network provided a perfect answer to that issue. However, despite its conceptual perfection and effective robustness demonstrated over the last decade, several weaknesses have emerged:
- Complexity for users to secure and safeguard their wallets keys,
- Limited scalability that prevents massive utilization and hence global adoption,
- Too much energy consumption,
- Professionalization and pooling of the miners that has led to a form of recentralization,
- Fratricidal governance that ignores a key actor: the user
Current Blockchains do not address the crucial problem of securing identity either: How to guarantee the identity of a user behind a transaction without any disclosure of personal information? How to open your house door, start your car, save your bitcoin keys, pay, vote... etc. without the need for a password or an object (card, badge, smartphone)? Passwords get forgotten, copied and hacked while Objects get lost, left behind, broken or stolen.
Best solution for user identity remains using the human body itself, in a way it has never been used before. Existing biometric solutions consist of storing and comparing images (Facial recognition, Fingerprint recognition, Retinal recognition), which still carry the risk of breaches similar to the ones mentioned above. To address that challenge Uniris brings a technology that uses the fundamental differentiation between individuals, independent from any personal device. On that basis generate, on the fly, a reproducible/adaptable cryptographic keys that get deleted after use, never stored, enabling individuals to have full control over their identity. This new type of access is provided through a blockchain that takes advantage of the lessons learned from the Bitcoin network and preserves the best of it: “a decentralization capable of proving that the control is not retained by some, but by all”.
In the following document and through five successive publications, we present the Uniris solution and how its blockchain provides a counterpoint to every single weakness of current blockchains - provides a decentralized and interoperable identity for every use-case - supports millions of transactions per second avoiding known security breaches - provides a governance integrating the community as a whole and, finally, offers the prospect of a tamper-proof, universal and risk-free human-machine interaction system.
The Yellow Paper of the Archethic network is divided into 5 Seasons :
Season 1 A truly decentralized and limitless network
Season 2 Applications anchored in real life
Season 3 Governance and Economic System tailored for humanity
Season 4 Universal and Truly Decentralized Identification
Season 5 Augmented Human
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
Do you want to learn more?