Arkeo is a free-market decentralized network for providing access to blockchain data. Its intended goal is to create a decentralized option for interacting with any blockchain (although not limited to) and its data. It is somewhat analogous to Infura and Alchemy, which today are the predominate providers in the industry for blockchain data. Both of these providers are highly centralized which creates a problem for web3 to be self-reliant and not require web2 to function. In addition these provider can censor users access to specific services while also do not have to respect privacy.

The Arkeo Solution

The Arkeo solution, at a high level, entails three points points.

  1. Free market data providers - anyone can be a data provider and provide data for any blockchain. Each data provider can choose their own pricing, which allows the free market to discover the price of blockchain data.

  2. Trustless payment solution - a user can pay a data provider in any IBC-enabled asset (will expand to other asset later). This includes the ability to make micro-payments allowing more flexibility for users.

  3. On-chain reputation - since all relationships between users and data providers are public, it is easy to see the reputation of any data provider. This helps inform the community about which data providers are high quality vs low quality

How It Works

Arkeo can be explained in how it in works in five simple bullet points.

  • Individuals can run full nodes of any blockchain and allow people to query their node(s) at a price of their choosing. These are called data providers.

  • Users can open a contract on-chain with specific data providers and escrow tokens. Contracts can be either subscription based or pay-as-you-go, with more options coming.

  • Each query between user and data provider is cryptographically provable and redeemable on-chain as income for data providers.

  • 10% of data provider income is paid to the network reserve, which is used to emit tokens to validators as block rewards.

  • Data provider reputation can be established by on-chain contract data such as provider age, user retention rates, income, etc. From this, one can abstract data provider quality.

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