Arch Network - Opening a new wave of dApps and protocols on Bitcoin's base layer.
Arch Network is a parallel execution layer that enhances Bitcoin’s capabilities by enabling fast, secure, and fullyverifiable smart contracts. It creates a bridgeless platform for developers to build Turing-complete smart applications on the base layer. This enables role-dependent trust assumptions for Bitcoin users, including fully trustless use cases.
Their vision is to transform Bitcoin into a vibrant, programmable blockchain, capable of supporting a wide range of applications and protocols. They aim to unlock new opportunities for innovation, investment, and development within the Bitcoin ecosystem, making it a competitive platform for blockchain developers and users.
Read the whitepaper and docs for more in-depth understanding.
Investments
Arch Network raised $7M in a round led by Multicoin Capital and joined by Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, and Tangent in May of 2024.
Core Members
Matt Mudano, Co-Founder and CEO (LinkedIn | Twitter)
Matt has decade-plus-long exposure to Bitcoin, having started mining Bitcoin from his college dorm room in 2011 and buying and selling coins in the BitInstant days. He is a serial entrepreneur who’s efforts have resulted in multiple exits in consumer product and technology start-ups. Matt has a B.S. degree in Biochemistry from Florida State University and has been working full-time in the cryptocurrency and Web3 worlds for over four years.
Amine ElQaraoui, Co-Founder and CTO (LinkedIn | Twitter)
Amine, an alumnus of ENSIAS with a specialized engineering degree in artificial intelligence, has applied his extensive technical knowledge to the cryptocurrency and Web3 sectors. His technological journey began at 13, leading him to a deep interest in Bitcoin and distributed systems. With over a decade of programming experience, Amine has also contributed to the banking industry, managing data infrastructure for Moroccan banks. His fascination with the ICO boom and smart contracts steered him towards dedicating himself to building cryptocurrency technologies.
Project Roadmap
There will be a total of four phases:
- Phase 1: Lift-Off (the current phase)
At the moment, the project has launched the Archstronaut Program.
Archstronauts can earn XP by completing off-chain & onboarding missions to spread the message of bridgeless programmability - Phase 2: Testnet
Using testnet BTC + tokens, users will earn rewards for on-chain tasks that prepare Arch dApps for blast-off, exposing them to Arch rewards and potential dApp incentives.
- Execute trustless swaps
- Fuel LPs to thrust Bitcoin DeFi forward
- Test-drive novel dApps using Arch architecture - Phase 3: Mainnet
Upon launch, users can earn even greater rewards by earning and doing more with real BTC assets.
- Earn BTC yield by exploring the ecosystem
- Seamlessly swap Ordinals/Runes with deep liquidity
- BTC lending, perps, prediction markets, and more - Phase 4: Beyond!
After mainnet, the Arch token will continue to decentralize the ecosystem, community and its security by scaling the validator set to finally and fully realize Bitcoin programmability. Archstronauts will receive rewards commensurate with the activity + liquidity they contributed throughout the entire program.
Conclusion
A team with extensive experience in the Bitcoin ecosystem, Incentivized Archstronaut Program, support and investment from large venture capital funds - All these factors speak for the future success of this project, so don't be lazy and start being active right now!
Twitter: https://x.com/ArchNtwrk
Discord: http://discord.gg/archnetwork
Blog: https://www.blog.arch.network/
Medium: https://medium.com/arch-network
Linktree: https://linktr.ee/archnetwork