Arweave - A Revolutionary Data Storage Protocol
Data storage in a centralized database can be costly and non-permanent. Data in a centralized and conventional website or app is not permanent as this data can be deleted or modified at any time. Even typical blockchains such as Ethereum have storage issues due to the fact, each node during data storage has to copy the whole of the blockchain. This inevitably leads to the synchronizing of a huger amount of data between and every node. It slows the speed of the network and verification of transactions may take longer. This further leads to an unimaginable increase in transaction fees.
In order for blockchain storage to gain rapid and global recognition this issue has to be nipped in the bud.
What is the solution?
There is a new, innovative and revolutionary data storage, blockchain protocol in town in the form of Arweave. Arweave is an on-chain and scalable storage platform that has a blockchain-like structure called the "Blockweave", which enables cost-efficient and scalable on-chain storage of data. This platform is adequate for data immutability and a permanent way of storing, managing and retrieving on-chain blockchain information.
It has innovative features such as a Proof of Access, Wildfire, Blackshadows, and Blockweave consensus mechanism. Arweave has been developed to facilitate cost efficient and permanent on-chain storage to meet the rapid demand in the growing industry.
Arweave solves the issues encountered with ethereum and centralized apps using a decentralized and cryptography framework.
Arweave offers two solutions in the blockchain sphere:
A solution for storing data in a decentralized fashion that mitigates intrusion, manipulation, and theft.
A platform for decentralized apps for which data obscurity is highly important.
Arweave Features
Blockweave
Traditional blockchain store every data to enable validation. This reduces scalability and slows down speed and transactions. With the Blockweave feature, Arweave promotes decentralization and storage of data without the usage of the whole chain. This enhances scalability, speed, and low transaction fees. The Blockweave feature stores and validates data using its block hash. This way the last transaction blocks will not be utilized in verifying on-chain information stored on the platform.
Proof of access
Proof of access is a more reliable and effective means of facilitating secured decentralized data storage. This feature shapes the Arweave platform to save more electricity used during the mining process. It minimizes electricity consumption as the data storage network expands. This feature that demands less hashing power for consensus storage makes the usage of this network cheap and affordable.
Wildfire
Arweave have introduced the wildfire feature to incentivize the network and promote speed data sharing. Participants are ranked based on how rapid to respond to requests. Participants that have higher rankings are given better treatments during mining by giving them an incentive to carry out their task. The entire nodes are incentivized to share data at a limited bandwidth, a strategy which Arweave utilizes to enable fast transfer of data.
Speedy Transactions
One of the features that makes this platform endearing is its speed of transactions. This data storage system can perform up to 5000 tp/s.
dApps
It also serves as a platform for dApps. It serves as a site for building decentralized apps that depends on immutability to function.
Blackshadows
This feature is introduced by Arweave to engender fast block and decentralized way of storing data. This feature transmits shadows instead of a full block to the recipient nodes. The Blackshadows holds a list of hashes instead of a list of transactions. This mechanism enables cost-efficient use and easy usage of the network.
Use cases
Arweave is an unrivalled decentralized storage blockchain platform that can be used to store large amount of data utilizing its innovative proof of access consensus mechanism.
Arweave provides a data storage platform on reduced costs when compared to other forms of data storage platforms.
Data can be stored without the intervention or intrusion of a third-party which guarantees optimally privacy and security.
Lastly, the immutable stored data records can be used as an evidence during litigation.
The Team
The team behind this revolutionary idea in the industry comprises professionals that are dab hand at blockchain and related industries. Arweave founders also have educational backgrounds. Sam Williams and William Jones are Ph.D. holders well versed in the data computing, and decentralized system design. They have come together to build and offer solutions that have faced the blockchain technology users over the years.
Partners and Advisors
Conclusion
Arweave have created a data storage mechanism that will eliminate the high cost of storage, improve scalability that will improve the on-chain blockchain storage. This development is an impressive especially at a time when the blockchain technology is gaining rapid recognition. This revolutionary network makes up for the lapses that most companies have made in providing a reliable and efficient on-chain data storage site.
Arweave is a better decentralized data storage platform than its competitors (Bluezelle, Siacoin, Filecoin). They offer cheaper fee and better data storage than their competitors.
Are there better ways of storing on-chain blockchain database without expensive costs if not through Arweave?
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I read both of your reviews or should I call it write ups on arweave and I must say you’ve explained it better than anyone could, arweave has created solutions to so many painpoints been experienced with data storage and with decentralization every thing has been made easy
@kikirush, agree. the write up is very clear. I believe arweave can become a top innovation in blockchain industry
Thanks for taking your time to read through @irisworld, Arweave has a great chance to deliver a great product with all the hard work put in place.
I’m learning a lot of new things every day, and I must say decentralization have really paved the way for many solutions to be brought on board by many new projects
Yes, decentralization has really brought in new ideas to the table. With Arweave in place we don’t have to fear our data getting manipulated or permanently deleted ever again
Incredible project with an awesome and promising future! We can’t actually predict what the market will do, but this is one of the most professionally executed ICOs I've seen.