ARCHWAY PROJECT OVERVIEW

Hello friends! Today I would like to tell you about an interesting project called Archway, which is an incentivized chain of smart contracts for the Cosmos ecosystem. With Archway, developers will be able to easily build and run scalable dApps, instantly connect to users, resources and communities wherever they are, and receive a proportional share of network fees and rewards for their contribution to the Archway network.

Simply put, Archway facilitates the launch of diverse applications spanning a large number of users and assets, thereby empowering dApps developers and rewarding them for interacting with the Archway network.

With Archway built on Cosmos, users can seamlessly exchange assets and data with other chains.

Archway provides three sources of rewards for dApps:

● Discounts on gas payments. When the network launches, Archway will share the collected gas fee equally between dApp developers and validators. However, these settings can be changed over time through network management.

● Network inflation reward share. Archway will share a portion of the network’s total inflation reward directly with the dApps. At genesis, 25% will go to app developers and 75% to validators. However, these allocation values ​​can be changed later by the Archway community through network management. The dApp reward pool will then be prorated based on the amount of gas fees each dApp generates during a given epoch. It is also important to note that each dApp has a maximum inflation reward limit. This is done to protect against malicious attacks.

● Premiums for smart contracts. Thanks to Archway, decentralized applications will be able to independently determine the fee for interacting with their smart contracts to cover additional costs. Moreover, these premiums will allow you to monetize individual contracts that can be integrated into several dApps and thereby receive several commissions from user services interacting with them. Moreover, such a smart contract fee will be built directly into the network fee and will be charged when the transaction is signed, which is very convenient for end users.

In addition, Archway empowers users with a complete set of tools to build high-performance decentralized applications, providing a complete implementation of CosmWasm, a Web3 compatible API, and bridges to connect to other networks. Moreover, high performance and security is achieved by Archway due to the Tendermint consensus on which it is based.

During the Seed round, Archway was able to raise $21 million. Archway investors and partners include the following funds: CoinFund, Hashed, Blockchain Capital, Wintermute, Figment, Chorus One, stake.fish, Lemniscap, Hypersphere Ventures, Cosmostation.

On this note, I want to end my review. You can find more detailed information about the project by clicking on the links indicated in the description of this article.

Bye everyone, see you soon!

OFFICIAL RESOURCES:
https://www.archway.io/
https://blog.archway.io/
https://twitter.com/archwayhq
https://github.com/archway-network
https://discord.com/invite/5FVvx3WGfa

AUTHORSHIP:
My Discord: Inna555#9808
My Telegram username: @Inna439