Overview

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. 

Project stage

Only a whitepaper

Detailed description

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.

Solution

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.

Features

The Arweave Protocol
Arweave is a new data storage blockchain protocol based on a novel proof of access consensus mechanism.

The Blockweave
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.

Self-Organising Network
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.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : AR
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 400,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :NA
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :55,000,000 AR
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :605,000 AR
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
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  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Public sale — Ended
03 Jun 00:00 UTC
06 Jun 00:00 UTC
0.73 USD No - Uncapped 400,000 USD
  • Team

    • Sam Williams photo
      Sam Williams
      Co-Founder & CEO
    • William Jones photo
      William Jones
      Co-Founder & CTO
    • India Raybould photo
      India Raybould
      CCO
    • Damon Sweeney photo
      Damon Sweeney
      Developer
    • Kyle Beckles photo
      Kyle Beckles
      Senior Developer
    • Joanna Zhang photo
      Joanna Zhang
      Web Developer
    • Adam Kennedy photo
      Adam Kennedy
      Digital Artist
  • Advisors

    • Anthony Ryan
    • Jesper Noehr
    • Jeremy Epstein
    • Bruno Meireles de Sousa
    • Julian Lenz
    • Rob Johnson
    • Christian Eggert

Roadmap

No information

Activity