Arweave is implementing a data storage solution where it is possible to store data at a low cost. Arweave is mimicking the internet technology but with advanvce and a difference in the sense that unlike the internet, data on the Arweave platform can be stored permanently.
As the amount of data that is stored in the system increases, the amount of hashing needed for consensus decreases, thus reducing the cost of storing data. Decentralized applications can simply be built on top of the block-weave due to the protocol’s existing REST API. This reflects Arweave’s focus on the developer community and their ability to drive adoption of emerging and novel protocols.
The arweave is strongly built on four core technologies that work together to produce a low cost,high throughput and also a permanent storage on a new blockchain. these four core technologies are
(1)Blockweave
(2)Wildlife
(3)Proof of access
(4)Blockweave
BLOCKWEAVE
One important aspect or work of every blockchain is the ability to store every block in order to be able to participate in validation transactions as a full node but these is not same with arweave, arweave brought ywk new concept that allows nodes to carry out key network functions with possessing the whole chain and this allows old blocks to be verified and new ones evaluated .
PROOF OF ACCESS
Arweave is basically based on proof of access (POA) and proof of work(POW). Proof of work depends on old block to generate each successive block ,while the proof of access algorithm incorporates data from a randomly chosen previous block. With this two technologies, the miners do not need to store all blocks but rather store any previous blocks.
WILDLIFE
As the blockchain of data storage, Arweave needs not only the ability to store large amounts of data in a most expedident manner possible. Wildlife on its own part solve the problems associated with data sharing in a decentralized network by carrying out the request on the network.
BLOCKSHADOWS
When a new block is mined,each block is been distributed to every node in the network ,nobmattrt how much the block data a node already possesses. This is a complete waste of data so arweave introduces a new technology that minimises this waste of data and enable a fast block consensus and massive transactions.
Features of the project:
- The new decentralized Arweave platform is a productive and secure data warehouse that undergoes logging. The basis of the consensus mechanism is new evidence.
- Thanks to a special technology, increased transaction capacity is provided.
- Innovative block on a special mechanism of consensus allows you to reduce power consumption.
- The possibility of decentralized development of various applications. Participants will be able to create applications in a different language.
- Self-organizing network. In the ecosystem, a self-organizing work algorithm is built which automatically adapts to efficient routes.
TOKEN
AR token is the utility token of Arweave, it can be used for interaction in the Arweave ecosystem.
Token Symbol: AR
Crowdsale Token Price: $0.75
Hard Cap: $8,700,000
More information:
Website: https://www.arweave.org/
Telegram: https://t.me/arweave
Lightpaper: https://arweave.org/files/arweave-lightpaper.pdf
Medium: https://medium.com/@arweave
Twitter: http://twitter.com/ArweaveTeam
Youtube: https://www.youtube.com/channel/UCdM3INQ5NAsNjWU8-2y_xjw
Author: https://bitcointalk.org/index.php?action=profile;u=1328702