Arweave

• Arweave (AR) is a decentralized storage network for permanent data storage.

• Described as "a collectively owned hard drive that never forgets."

• Utilizes blockweave, permaweb, and proof of access technologies.

• AR, its native cryptocurrency, compensates miners for storage.

• The maximum AR token supply is 66 million.

• Users pay for data storage in AR.

• Storage providers are incentivized with AR.

As of today 27 July 2024, the price of Arweave is ₹2,809.23 INR, with a 24-hour trading volume of 34970521.39 USD. The market capitalization for Arweave is 1999235845.2USD. The circulating supply is 65652466 Arweave, with the total supply also being 65652466 Arweave

Pros:

• Offers permanent data storage with various applications.

• Stable, mature, and widely adopted protocol.

• AR token value increased by 600% in the first half of 2021.

Cons:

• Faces scalability challenges.

• Significant price volatility, with a recent drop due to hard fork debate.

• Unique permanent data storage offering.

• Significant growth in AR token value.

• Mature and widely adopted protocol.

• Indefinite data storage capability.

• Utilizes blockweave, permaweb, and proof of access for permanent storage.

• Addresses the issue of data permanence.

• Offers a solution to traditional storage methods prone to data loss.

• Announced as Archain in August 2017, rebranded to Arweave in February 2018.

• The team includes Sam Williams, Abhav Kedia, Lev Berman, and Sebastian Campos-Groth.

• Raised over $20 million through ICO and funding rounds.

• ICO price was $0.73 per token in June 2018.

• The total raised was $20.91 million, with $7.61 million from ICO.

• Volatility, competition, scalability, technology, regulatory, and liquidity risks.

The Arweave whitepaper describes a protocol for the disintermediated transmission of information across space and time. The protocol aims to serve as an institution offering an arbitrarily scalable permanent ledger of data and speech in cyberspace without centralized authority and control. The system is designed to incentivize the permanent storage of information within its network, with users providing a one-time upfront contribution to the network's storage endowment and uploading the corresponding data by transmitting it to nodes within the network. The paper also explores the core Arweave development team's views on what additional technologies may be added to the Arweave protocol to further enhance its unique offering.