What is Arkham? It Deanonymizes The Blockchain!

Arkham, also known by the market ticker ARKM, is perhaps one of the most controversial tokens currently on the market, as it is a blockchain protocol designed to help deanonymise the blockchain.

At its core, Arkham aims to make the unreadable, readable. It takes the raw blockchain data and uses AI to help match this to real-life identities, and I’m sure you can see why this is controversial.

But what exactly is Arkham and how exactly does this all work?

Today we find out.

What is Arkham?

Arkham was founded by Miguel Morel in 2020 and first launched in 2022.

Arkham can be described as an advanced on-chain data query tool and intelligence trading platform created to link transactions to the real-world entities or individuals involved in cryptocurrency market activities.

Arkham uses artificial intelligence to process, classify, and display a range of on-chain data metrics which enables users to identify patterns, trace transactions, and provide an overview of crypto inflows and outflows.

Although this is controversial within the crypto community, especially among crypto purists, it must be said that such a use case was always going to be vital for the future of crypto.

Unfortunately for legitimate users, as long as cryptocurrency is used as a medium of exchange in hacks and scams there are always going to be entities, such as law enforcement, who will be looking to deanonymise the data.

More beyond that, in the eyes of Arkham, they believe this lack of transparency around crypto transactions is actually the barrier stopping the mass adoption of cryptocurrencies.

But this leads us to the question, how does it all work?

How does Arkham work?

As I mentioned, Arkham is based on the concept of deanonymising the blockchain and features an interesting intel-to-earn economy that incentivises the sourcing of data intelligence at scale and makes it available to everyone to provide greater clarity and transparency within the crypto ecosystem.

Additionally, through successful partnership arrangements, Arkham’s platform is supported on various blockchains, such as Bitcoin, Ethereum, Binance, Arbitrum, Polygon, Avalanche, Tron, and Optimism.

At its core, Arkham can be broken down into two main components: Its Analytics Platform and its Intel Exchange which can both be further broken down into their main functions.

Starting with the Arkham Platform itself, which provides data and analytics and can be broken down into four main functions:

First, by providing data and analytics on “entity pages” for individuals, companies, and other entities, showing their current and historical portfolio holdings, plus a searchable and sortable transaction history, profit and loss tally, and even top counterparties.

Second, by providing token pages that show top holders, transactions, and exchange flows.

Third, as an advanced network visualisation map that shows relationships between transactions and the flow of funds.

And finally, by providing instant alerts for transactions fitting custom parameters.

Next, we have the Arkham Intel Exchange which allows anyone to buy, sell, or request data, and is where the intel-to-earn mechanics come into play.

The Arkham Intel Exchange can be broken down into three main functions:

First as a home for bounty requests. This is where users post bounties for specific intelligence, completed by locking ARKM in a bounty contract.

Bounty hunters can then submit intel for verification and if successful receive the bounty, hence the term intel-to-earn.

Second, as a home for auctions where users with high-value information can also auction their verified intelligence to the highest bidder, further incentivising the intel-to-earn mechanics.

And third, as a data program where users are rewarded for submitting intelligence used to train ULTRA, Arkham’s proprietary AI engine.

But what makes Arkham unique?

What makes Arkham unique?

Quite a lot about Arkham is unique, be it the fact it is trying to deanonymise the blockchain, or that it has created a verifiable intel-to-earn mechanism, there are a lot of reasons why Arkham has been making the crypto news in recent times.

However, what probably makes Arkham the most unique is its ULTRA AI algorithm.

As mentioned, ULTRA is a proprietary AI system for blockchain data synthesis that gathers both on-chain and off-chain data from a collection of sources to form a single, scalable, amendable source of truth.

The ULTRA algorithm was developed over three years by Arkham’s core contributors, which came with backing from the founders of Palantir and OpenAI.

This information is then sent through Arkham’s Profiler, which allows you to see the activities of different addresses and entities across various blockchains.

But how about the tokenomics?

ARKM Tokenomics

Arkham’s ARKM token has an initial supply and maximum supply of 1 billion tokens and serves three main functions on the Arkham network.

These are as a medium of currency exchange for their intel-to-earn economy, followed by the classics of staking and governance.

The initial token supply distribution was split 37% towards the Ecosystem Incentives and Grants, 20% to Core Contributors, 18% to Investors, 17% went towards the Foundation Treasury, 5% towards the Binance Launchpad, and a final 3% was given to Advisors.

The Ecosystem Incentives and Grants Fund, which totals 37% of the initial supply distribution can be further broken down into four categories.

Of the allocated 37%, this can be broken down into 11% for the Community Rewards, 10% towards the Contributor Incentive Pool, another 10% for the Proof-of-Stake Rewards, and the final 6% going towards Ecosystem Grants.

As is usual, there is a vested unlocking period which will take 7 years to complete before all ARKM tokens have been released and are available for sale.

The future of Arkham

Arkham is doing something different and has certainly been creating waves since it launched.

By looking to increase transparency on the blockchain, it hopes to further encourage the mass adoption of cryptocurrencies.

Of course, it has its controversies: namely privacy and trust. Not only does it potentially breach an individual’s privacy, but there are also questions regarding trust as Arkham hasn’t been fully transparent on how their proprietary AI technology works, as of yet.

However, in conclusion, providing there are no major mishaps in management and there are no platform-breaking exploits discovered once transparency around their AI tech is released, it currently looks like Arkham’s best days still lay ahead as there is certainly no shortage of blockchain detectives, and there’ll likely only increase now that there is an intel-to-earn opportunity involved.

But, as always, nothing is ever guaranteed in crypto, of course.

How to create an ARKM wallet

Step 1: Visit https://trustwallet.com If you already have a Trust Wallet, skip to Step 5.

Step 2: Download and install Trust Wallet from your mobile app store or your browser.

Step 3: Open Trust Wallet and create a new wallet or import an existing one.

Step 4: Once your wallet is set up, tap on the “Add Token” button.

Step 5: In the search bar, type “ARKM” to find the token.

Step 6: Tap on the ARKM token and select “Add to Wallet” to add it to your Trust Wallet.

After adding ARKM to your Trust Wallet, you will be able to view your ARKM balance and perform transactions with the token.

If you want to support the blog, please donate $ARKM to this address: 0x926f05Cafd858CA824152dAe62d359cC60e804c5

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