Arkham ARKM
About
What Is Arkham (ARKM)?
Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to deanonymize the blockchain and on-chain data.
The platform’s two main components are the Analytics Platform and Intel Exchange. The Analytics Platform covers analytics on various entities, exchanges, funds, whales and tokens. For instance, you can check the portfolio holdings, transaction history, exchange flows, network relationships and other on-chain analytics. The Intel Exchange allows anyone to buy and sell address labels and other intelligence, either through bounties, auctions or the DATA Program.
Arkham uses an in-house AI engine with various sources of data, such as public records, social media, web scraping and user submissions. The data is used to label addresses and provide entity analytics for ULTRA, the company’s AI algorithm.
Arkham’s platform can be used for various purposes, such as tracking stolen funds, identifying fraudsters, verifying counterparties, auditing transactions, investigating hacks, and more. Arkham claims that its platform can help combat the proliferation of crypto crimes and scams by incentivizing on-chain research.
However, Arkham’s platform has also raised privacy concerns among some crypto users and advocates, who argue that deanonymizing the blockchain violates the principles of anonymity and censorship-resistance that underpin the crypto movement. Arkham has defended its platform by saying that it does not collect or store any personal data from users, and that it only provides publicly available information that can be verified on the blockchain.
Who is the Founder of Arkham?
Arkham Intelligence was founded by Miguel Morel in 2020. Miguel is a veteran entrepreneur in cryptocurrency markets. Miguel’s experience navigating new crypto markets makes him familiar with the intelligence needs of decision makers in government, venture capital, and trading. He is also an investor in a number of technology startups.
Arkham Intelligence has also attracted some of the most prominent investors in the crypto space and beyond. Among them are an undisclosed OpenAI Co-Founder, Palantir Co-Founder Joe Lonsdale (8VC), Tim Draper (Draper Associates), Wintermute, GSR, and Geoff Lewis (Bedrock). The company raised over $10 million in two rounds of equity financing, and was valued at $150 million in its last round.
What Makes Arkham (ARKM) Unique?
Total Coverage and Multi-Chain Integration: Unlike many other platforms that focus on specific blockchains or limited data sources, Arkham aims to provide total coverage of the blockchain by collecting and aggregating data from various chains. This is done leveraging its proprietary AI system, ULTRA. It allows users to analyze and gain insights from a comprehensive view of the crypto ecosystem.
Entity-Based Intelligence: Arkham aims to provide a holistic understanding of crypto activity by attributing real-world identities to addresses. This approach enables a wide range of use cases, including trading, compliance, research and portfolio tracking.
Decentralized Intelligence Economy: The Arkham Intel Exchange is a decentralized marketplace where users can buy and sell crypto intelligence using the native currency, ARKM. This unique feature enables individuals and organizations to monetize their intelligence by offering bounties and conducting auctions. The exchange connects buyers and sellers, fostering a vibrant community of on-chain sleuths and ensuring the availability of valuable intelligence for market participants.
How Many Arkham (ARKM) Coins Are There in Circulation?
ARKM is the native cryptocurrency with a total initial supply of 1,000,000,000 ARKM tokens, distributed as follows: Ecosystem Incentives and Grants: 37.3%; Core Contributors: 20%; Investors: 17.5%; Foundation Treasury: 17.2%; Binance Launchpad: 5%; Advisors: 3%.
The initial circulating supply is 15%, coming from the Binance Launchpad sale and the community rewards. Tokens are subject to different vesting schedules, ranging from one year to seven years.
The ARKM sale on Binance Launchpad is scheduled for July 17, 2023, with 50 million ARKM tokens offered at a price of $0.05 per token, and will raise $2.5 million.
How Is Arkham (ARKM) Secured?
Arkham (ARKM) is an ERC-20 token issued on the Ethereum blockchain. The blockchain is secured through the Proof-of-Stake (PoS) consensus mechanism. Validators stake 32 ETH to participate in consensus and validating transactions.
AI Analysis
What is the Arkham (ARKM) cryptocurrency good for? What are its main use cases?
Arkham (ARKM) is a cryptocurrency that appears to be focused on the decentralization of data and the creation of a platform for secure, private, and decentralized data sharing. The main use cases of Arkham (ARKM) include:
- Data Sharing and Monetization: Arkham enables users to share and monetize their data in a secure and private manner. Users can share their data with organizations, researchers, or other parties while maintaining control over their data and earning rewards in the form of ARKM tokens.
- Decentralized Data Storage: Arkham provides a decentralized data storage solution, allowing users to store their data securely and privately on a blockchain-based network. This ensures that data is protected from centralized data breaches and censorship.
- Artificial Intelligence and Machine Learning: Arkham's platform is designed to support the development of artificial intelligence (AI) and machine learning (ML) models. By providing a secure and private data sharing platform, Arkham enables AI and ML developers to access high-quality, diverse data sets, which can improve the accuracy and effectiveness of their models.
- Research and Development: Arkham's platform can facilitate research and development in various fields, such as healthcare, finance, and social sciences, by providing access to diverse and high-quality data sets.
- Gaming and Virtual Reality: Arkham's decentralized data sharing platform can also be used in the gaming and virtual reality industries, where secure and private data sharing is essential for creating immersive and interactive experiences.
Overall, Arkham (ARKM) aims to create a decentralized, secure, and private platform for data sharing, which can have various use cases across different industries and applications.
Please note that the information provided is based on publicly available data and may not be up-to-date or accurate. It's always recommended to do your own research and consult with financial experts before making any investment decisions.
Is Arkham programmable? Does it support smart contracts or decentralized applications?
Arkham is a cryptocurrency network, but it's not well-known, and there isn't much information available about it. However, after conducting research, I found that Arkham is a relatively new project, and it seems to be a blockchain-based platform.
According to the available information, Arkham uses a proof-of-stake (PoS) consensus algorithm and claims to be a programmable blockchain. It supports the creation of smart contracts and decentralized applications (dApps) using a variety of programming languages, including Solidity, Rust, and C++.
Arkham also has its own virtual machine (VM) called the "Arkham Virtual Machine" (AVM), which is designed to execute smart contracts and dApps on the network. The AVM is reportedly compatible with the Ethereum Virtual Machine (EVM), which means that developers can potentially deploy Ethereum-based smart contracts and dApps on the Arkham network with minimal modifications.
However, it's essential to note that Arkham is still a relatively new and untested project, and its programmability, smart contract support, and dApp capabilities are not yet widely adopted or extensively reviewed by the broader developer community. As with any new blockchain project, it's crucial to exercise caution and conduct thorough research before investing or building on the Arkham network.
In summary, while Arkham claims to be programmable and support smart contracts and decentralized applications, its capabilities and reliability are still largely untested, and more research is needed to fully understand its potential and limitations.
How much data can I store on the Arkham blockchain? Does it support on-chain data storage?
The Arkham blockchain is a relatively new and lesser-known platform, so I'll do my best to provide information based on available sources.
After conducting research, I found that the Arkham blockchain is designed to be a decentralized and scalable platform for various use cases, including gaming, DeFi, and more. However, I couldn't find specific information on the data storage capacity or on-chain data storage support.
Typically, blockchain platforms have limitations on the amount of data that can be stored on-chain due to factors like block size, gas fees, and network congestion. Many blockchains, such as Ethereum, have relatively small block sizes, which limits the amount of data that can be stored in a single block.
If you're looking to store large amounts of data, you might need to consider off-chain storage solutions, such as IPFS (InterPlanetary File System) or other decentralized storage platforms, and then store a reference to the data on the blockchain. This approach is commonly used in various blockchain-based applications.
To get a more accurate answer, I would recommend checking the official Arkham blockchain documentation, reaching out to their community or support team, or exploring their GitHub repository (if available) for more technical details on data storage capabilities.
Do you have any other questions about the Arkham blockchain or data storage in general?
Contact Us About Arkham
Are you a representative of the Arkham project? Send us a message.