A new data storage blockchain protocol based on a novel proof of access consensus mechanism that creates truly permanent data storage for the first time.
Arweave – a new blockchain like structure called the blockweave. The blockweave is a platform designed to provide scalable on-chain storage in a cost-efficient manner for the very first time.
As the amount of data stored in the system increases, the amount of hashing needed for consensus decreases, thus reducing the cost of storing data. The protocol’s existing REST API makes it trivially simple to build decentralised applications on top of the blockweave, reflecting Arweave’s focus on the developer community and their ability to drive adoption of emerging and novel protocols.
The Arweave protocol is made possible through the use of a new blockchain-like data structure called the blockweave; flexible size transaction block distribution via blockshadowing; a new consensus mechanism reducing dependency on proof of work called proof of access; and a self-optimising network topology called wildfire.
Much like the Bitcoin network, this technical advancements in isolation are not terribly complex; however, when combined to form the whole of the network, the emergent behavior is extremely powerful. We have seen from our testnet results that secure, reliable and immutable data storage is possible on a public, permissionless and decentralised network protocol.
In addition to data storage, arbitrary size blocks make a secure highthroughput cryptocurrency possible without having to resort to complicated consensus mechanisms such as dBFT or dPoS.
The Arweave Protocol
Arweave is a new data storage blockchain protocol based on a novel proof of access consensus mechanism.
The blockweave is a new distributed ledger, its technological innovations elevating it beyond current blockchains, and positioning it to become the backbone of the $3 trillion data economy.
The blockweave revolutionises the traditional, useless, high-energy output of typical blockchains. The Arweave is based on a new consensus mechanism called ‘proof of access’, which instead of producing the negative externality of high energy consumption, produces a positive externality; that of low-cost, permanent on-chain storage for the very first time.
The Arweave introduces a new self-organising decentralised algorithm (‘wildfire’) that allows the network topology to adapt autonomously to the most efficient routes of information distribution. The Arweave self-optimises for low-latency, high bandwidth data writing and recall.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
03 Jun 00:00 UTC
06 Jun 00:00 UTC
|0.73 USD||No||-||Uncapped||400,000 USD|