Crypto: Archethic - The Revolution Of Biometric Blockchain
Archethic, with its UCO token, stands out for its innovative approach to biometric blockchain. This interview explores the origins, innovations, and future vision of Archethic! A technology designed to return control to individuals while ensuring their security and revolutionizing various aspects of the crypto industry.
The Biometric Vision of Archethic in 6 Questions
- How did the idea of Archethic come about, and why did you invest eight years in its development?
The idea of Archethic (UCO token) was born from the desire to create a technology that returns control to individuals while ensuring their security. We developed a biometric blockchain, where digital identity is linked to the user’s biometrics, ensuring maximum protection. The 11 patents obtained from the start aimed to protect this innovation to prevent it from being misused. Before making our work public and open source, we wanted to ensure it would be used to liberate, not oppress.
- What is Archethic’s “transaction chain,” and how is it revolutionary?
Archethic’s “transaction chain” is a major innovation that replaces traditional blocks with individual transaction chains. Each transaction is validated independently, allowing for theoretically infinite capacity and enhanced security. Each transaction uses a unique private key, so public keys are only disclosed after the private key has expired, which, beyond the quantum-proof algorithms used, adds unparalleled resistance to potential quantum attacks. The use of the UTXO model ensures that each transaction is immutable, eliminating the need to track previous states, thus offering total transparency with minimal energy footprint.
- Can you explain how Archethic’s biometric cold wallet is revolutionizing the market?
The biometric cold wallet of Archethic revolutionizes the industry by eliminating the need for a seed phrase, a vulnerability recently exploited by the Dark Skippy malware. This malware revealed the weaknesses of traditional cold wallets by allowing the theft of seed phrases after they were displayed. In response to this threat, our technology uses fingerprints to generate a private key instantly without ever storing it, offering a novel security solution at a time when the entire cold wallet industry is particularly vulnerable.
- What role does the UCO play in the Archethic ecosystem and why is it crucial?
The UCO token is the heart of the Archethic ecosystem, essential for transactions and governance within the platform. This unique token also offers passive income opportunities, with a reward rate that can exceed 300% APR, which is exceptional in the industry. After eight years of development, we are ramping up our marketing efforts, and the UCO, still relatively undercapitalized, represents an opportunity to join an innovative project at its early stages. As the adoption of Archethic increases, the UCO will play an increasingly central role, reinforcing its key position in our overall vision.
- What is Archethic’s ultimate vision for digital identity?
Archethic’s ultimate vision is to enable each individual to regain control over their digital identity privately and decentralized. This includes essential elements like payment information, health, and properties linked to the user’s biometrics. By returning control to individuals, we aim to break dependence on centralized systems, thus enabling true decentralized governance that puts power back into humanity’s hands.
- How can Archethic serve as a technological foundation for decentralized governance systems?
With its proof of humanity technology, Archethic enables the creation of DAOs where each member is verified as a real human. This enhances the transparency and integrity of decision-making processes, offering a solid foundation for decentralized governance systems that can truly serve the interests of communities. Before the advent of Blockchain technology, centralization was inevitable. Archethic’s goal is to add the missing links to the blockchain to make self-sovereignty of data and decentralized governance a reality.
Archethic positions itself as a revolutionary technology, giving control back to individuals and ensuring maximum security thanks to its biometric blockchain and unique innovations. With a clear vision of decentralization and data protection, Archethic is ready to transform the crypto industry and offer sustainable solutions for the future, while preparing to dethrone Ethereum.
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