It is estimated that the Arkham token has about 1 billion coins. The token serves three purposes: as the native currency of the network, a way to earn rewards and as a governance coin. Besides, it uses blockchain technology, which enables decentralisation and enhanced security. Holders can submit improvement information proposals for consideration. They can make transactions cost-effective and fast due to the use of the consensus algorithm. The coin is available for business transactions, the development of Dapps and investment.
A Bit About Arkham
It was created by a team of crypto solutions developers that includes Miguel Morel (who is also the CEO), Geoff Lewis and Tim Draper. They then brought on board a team of visionary developers and business thinkers, including John Kottlowski, Alexander Lerangis, Zachary Lerangis and Ric Carlo Obcena. The Arkham token is used for different online activities. It is used for trading and investment. It stands for transparency and supports various activities that happen in the Arkham network. Given that the coin is available on several crypto exchanges, it can be used outside of the network for different purposes. In addition, Arkham (ARKM) supports smart contracts. Therefore, it assists developers in creating decentralised applications (DApps) with ease.
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As explained earlier, Arkham (ARKM) uses blockchain technology to ensure security and transparency in its transactions. To verify the transactions, it uses a consensus mechanism called proof-of-privacy (PoP) that combines proof-of-stake (PoS) and zero-knowledge proofs. This mechanism ensures the privacy of the transaction while maintaining the integrity of the network. When a transaction is initiated, a network of validators called Witness Nodes validates it before the information gets into the blockchain. A combination of these two ensures a sure yet fast transaction. Other unique features of the token include its network’s use of a comprehensive software developer kit. This enables other applications to run on the network and utilise its features as well as the token for transactions. Overall, the token is private, efficient and quite cheap compared to many on the same level.
Utility of Arkham?
Arkham (ARKM) offers several opportunities in the cryptocurrency and commerce worlds, which makes it a versatile token for use. It has several applications, as listed below.
First, the coin enables fast and speedy transactions. Its consensus mechanism enables speedy payments at a fraction of the cost it takes to transfer the same amount using traditional means. This makes it ideal for e-commerce and international remittances.
This token can also be used in staking to earn rewards. The network allows token holders to participate in keeping the network secure and earn rewards for doing so. Holders use their devices to validate transactions for a portion of the value.
ARKM coin also enables fundraising and tokenization of assets by individuals, start-ups, and large organisations. Tokenization allows entities to raise capital by enabling investors to buy small amounts of the company's assets without the involvement of a third party.
Arkham Price detailsETH Contract address: 0x6e2a43be0b1d33b726f0ca3b8de60b3482b8b050
›› Details & Tokenomics
Advantages of Arkham+ The network ensures fast and cost-effective transactions
+ The coin offers staking rewards for its holders
+ ARKM has above-average privacy and security features
+ Decentralised applications (Dapps) expand the utility of the token
+ A thriving and engaging community ensures that the coin remains relevant
Disadvantages- Little adoption of the coin beyond the Arkham community
- There is competition from well-established cryptocurrencies
- Since it is a relatively new project, there are likely risks
- The coin has experienced high volatility in the past
- Regulatory uncertainties have slowed the adoption of the coin
Costs▪ Rated at 8/10
The transaction fees when using the ARKM token are about 0.14 to 0.2ARK. This is about $0.0445450 to $0.0556813 per transaction. The change in prices depends on network traffic. The costs are quite low, even when there is congestion on the network.
Reputation and Buzz▪ Reputation rated at 7.5/10
▪ Buzz rated at 8.5/10
In the few short weeks that the coin has been in existence, it has again gained a reputation for efficiency, security and active community engagement. The network itself was formed to give information about the crypto marketplace, something that has pulled in lots of enthusiasts eager to know what is moving in the industry.
The coin has been moving in value quickly in recent years. Some pundits expect it to hit $1 by the end of 2023. This has caused a rush to acquire the coins. The rush will give it considerable attention and enhance the gains made by the coin holders.
Can I stake Arkham (ARKM) and earn rewards?
Yes. It is possible to stake ARKM and gain rewards. The network allows members to ensure that the network is secure by participating in the validation process. The network uses their devices as nodes to enhance the consensus protocol when transactions are done. In return, the holders get a reward in the native coin.
What is a harmony consensus mechanism?
The harmony consensus mechanism is a way of validating transactions by combining two algorithms, Proof-of-Stake and Proof-of-Privacy. These two algorithms enable validators to determine the authenticity of the transaction without knowing the identifying details of the transacting parties. Harmony consensus enables transactions on Arkham to be fast, efficient and secure.
How does ARKM differ from Bitcoin?
The coin has significantly less value than Bitcoin. This enables many people to purchase it comfortably. It also uses the Harmony Consensus method of validation, which is different from the Proof-of-Work method used by Bitcoin. The former is more efficient, faster and cheaper than the latter.
Can I invest in Arkham Coin?
Yes. You can invest in the coin with the hope of a value increase. Just buy the coin at any of the crypto exchanges that stock it, such as Binance.