Arch Network (N/A)

The Arch Network is a Bitcoin-native application platform that unlocks smart contract functionality directly on the Bitcoin base layer  with  no bridges or L2s required. 

Arch allows users to create and interact directly with smart contracts using native Bitcoin transactions, eliminating the need for asset bridging. This not only reduces security risks but also preserves liquidity on the original L1, ensuring seamless integration with Bitcoin’s base layer. 

It combines all the main features of the Bitcoin Layer 2s and meta-protocols, enabling seamless communication and enhancing the ecosystem by uniting fragmented liquidity pools and resources. Future applications include support for accounts-based models, instead of Bitcoin’s original UTXO model,  in decentralized projects like gaming, DAOs, and socialFi, offering developers tools to create advanced dApps that leverage Bitcoin’s security and liquidity. 

At the core of Arch Network are three key components. 

• Arch VM: A smart contract execution environment that manages all state changes and off-chain computations, ensuring a scalable environment for running dApps. 
• Proof-of-Stake verifier network, operating on a delegated PoS consensus mechanism with quality metrics like uptime and signature activity;
• FROST + ROAST signature: An innovative approach towards the implementation of threshold signature schemes that initially uses FROST signature scheme, used by Bitcoin L2s, such as Botanix, but adds on top of it a communication protocol ROAST (Robust Asynchronous Schnorr Threshold Signatures). 

This way, protocols minimize the risks of transaction failures, allowing transactions to be approved by 51% of the validators and increasing the network’s robustness.

Find more info about the Arch network components in its docs,

🪙 Arch network token: The team has already confirmed the release of the Arch network token in the future, which is going to power its PoS model by incentivizing the validators that verify the transactions, and most likely its DAO.

While the airdrop hasn’t been confirmed by the Arch network team yet, we suggest the current testnet participants may qualify for such an event in the future, as it is a main contest currently held by the network. Hence, our team completely analyzed the Arch network crypto project and gathered some notable pros and cons of the protocol: 

✅ Arch Network Pros:

• Great concept and design of the product, aimed at the 1,3T+ liquidity on Bitcoin;
• Strong focus on developer tools and future scalability.
• Raised $7M in seed funding round led by Multicoin Capital and attracted the attention of 13 other investors.
• High performance in growth marketing.
• Good marketing infrastructure. 
• Above the average SMM and SEO scores;
• The network ecosystem includes 20+ projects across different industries such as  DEX, DeFi, stablecoins, wallets, and others.
• Visually attractive and simple Airdrop system.
• Pay a lot of attention to strategy and AMA sessions.

❌ Arch Network Cons:

• Limited information on the Arch Network token at this stage, pending further updates.
• No mention of the roadmap,
• No tokenomics,
• Relatively small raise ($7M) as for L2s, currently suggesting quite modest Arch network airdrop if there will be such.
• No security audit.
• Influencer marketing is weakly pumped.
• No experience in top-tier companies among other core team members.
• There is no known end date for Airdrop.