Arweave — a decentralized storage network whose concept is to offer users a platform for unlimited data storage.
Contents:
General information
The blockchain platform mainly contains a "permanent web" - a permanent decentralized network with a number of community-driven applications and platforms. The Arweave network uses the native AR cryptocurrency to pay "miners" to store information about the network indefinitely.
Arweave was developed by two PhDs from the University of Kent:
- Sam Williams;
- William Jones;
The idea of creating such a project came to Williams, after he shared the basic principles with Jones, then they dismantled and finalized all technical details together.
Functions and purposes of Arweave
The tool stack is composable and interchangeable, allowing you to find the perfect combination of technologies to suit your decentralized web application needs.
Platform features:
| 1 | The collective ability to store and share information between individuals and over time |
| 2 | Flagship permanent network, built on top of Arweave's "block network" |
| 3 | Profit sharing tokens that allow developers to receive dividends |
Building on the Arweave blockchain, projects can build a storage-based computing paradigm: developing middleware like MySQL turns traditional applications into robust applications. The Arweave project was financed by: Andreessen Horowitz, Union Square Ventures and Coinbase Ventures, Multicoin Capital.
Safety
The Arweave platform runs on a modified version of blockchain technology, which it calls "blockweave", which uses a "proof of access" consensus algorithm - a modified version of the proof of work. With PoA, each new block is not only linked to the block, immediately preceding it, but also to a random previous block, and both blocks are hashed to create a new one. Miners are not required to keep the entire chain of blocks, but they have an incentive to keep more information to prove that they can access the old blocks that are needed to mine the new one.
Where to buy Arweave tokens?
The AR token can be purchased on cryptocurrency exchanges such as:
-
- MXC.COM;
- Huobi Global;
- Bilaxy;
For investors, it is noteworthy that the number of AR tokens in circulation is limited to 66 million units. The first tranche of the AR cryptocurrency was created in June 2018 when Arweave was launched. At that time, 55 million AR tokens had been created.