ARWEAVE.ICO

                        

     ARWEAVE PROJECT: ESSENCE, BASIC FUNCTIONS, NECESSITY OF USE 

     There are many different ways to store and transmit information in the modern world.  Previously, we had to use only disks or magnetic diskettes that had a small amount of free space.  With the advent of the Internet, this problem completely disappeared.  Now every user of a modern PC is able to create personal "safes" for data storage.  

   

     The main advantage of using them is accessibility.  Wherever the user was, at what time of day he would not need to open the file - he can always do it. Despite such a weighty argument in favor of "safes", there are a number of negative sides, which include its binding to a particular organization, and  not personally to the user.  Why is that bad?  Because: 

     The storehouse of decentralized type is subject to hacker attacks;  The huge demand of users generates a memory deficit, and their flow only increases with each new day;  Censorship.  All data is filtered;  The ability to identify the user by personal data stored in the cloud.  Drawing a conclusion from the above, it can be precisely said that the presence of such problems is a huge disadvantage for all types of cloud storage.  Only Arweave can resolve them.  

THE ESSENCE OF THE PROJECT

      In its way, this project is a repository of decentralized information based on the work of a special protocol.  By its principle, this protocol is implemented on the coordination of user access to information.  In simple terms, Arweave is one of the most reliable, cost-effective and anonymous ways to store personal data.  

STRUCTURE OF ARWEAVE

     The basis of the project implementation included the use of 4 technologies.  Let's consider each of them in a cut and understand what they are.  

BlockWeave.  It is created on the basis of the blockbuster and includes the following concepts: the product of the evaluation of newly created and old blocks is due to a complete list of hash blocks;  the system contains the entire list of purses, which makes it possible to perform transaction verification without having to start the block itself where they were conducted.  Due to this combination, users can quickly both connect and work on the Internet.  

   It is possible to take information from any block, regardless of the location, by using Proof of Access.  This made it possible to exclude the need for users to store all the blocks, because to get to the data can be from any available.  Wildfire technology has solved the problems associated with sharing information.  It is based on a ranking system, which makes it possible to determine the transfer rate of blocks between new users and conduct transactions on the entire local network.  The last and no less important technology, applicable in Arweave, is Blockshadows.  

BRIEFLY ABOUT ICO

     The name of the token has the abbreviation AR. Their value is 8.7 million dollars. Only 38.5 percent of coins distributed as follows:

10.8 percent of sales for 2017;  

7.1% - went to partner companies;

19.5% - purchase by private persons;

1,1% - sales of coins of a public nature.

   

    It is worth noting that the coins that will be transferred to users during the implementation of the ICO, are not subject to "freezing".  At the moment, it is impossible to say exactly when it will be realized, but at the same time everyone can enter all the data in the "white" list and expect subsequent recommendations from the developers.  Distributed coins among team members and those tokens that are planned for project development are frozen for a five-year period.  This fact is evidence that the global drain of coins is not predicted.  

PARTNERS OF THE PROJECT

     Arweave's partners are well-known companies, such as: 

Techstars;  

1 kx;  Northblock;  

Shelf;  

Upvest;  

ThevJournal.  

PROJECT TEAM

     Developers included experienced programmers and university professors.  Among them:

 

* Sam Williams - CEO Arweave and his co-founder.He has already shown his skills in creating decentralized type projects and has vast experience in this field;  

* William Jones is the director and founder of Arweave.  He has a Ph.D. and a candidate in computer science, neurology and graph theory.  Dedicated himself to a deep study of the distribution of systems in the form of deep neutron-type networks; 

 * India Reybold - coordinator of the team, is responsible for providing exceptional service and the product itself;

  

* Damon Sweeney is one of the members of Arweave developers;  * Kyle Bekles is a senior developer;  * Matt Lockyer is a leading developer;

* Joanna Zhang is a web side developer;  

* Adam Kennedy is a digital artist.  

CONCLUSION

     It can be unequivocally said that Arweave is promising.  Considering its application at the global level, it can be concluded that this idea is quite capable in the near future to save material resources.  This is caused by a huge flow of constantly updated information, and the problem with its storage is still not solved to the end.  We hope for a positive work of the project, capable of realizing all the wishes and needs of modern Internet users.

Project

Website: https://arweave.org
Lightpaper: https://www.arweave.org/files/arweave-lightpaper.pdf
Medium: https://medium.com/@arweave
Twitter: https://twitter.com/ArweaveTeam
Facebook: https://www.facebook.com/ArweaveTeam/
Telegram: https://t.me/arweave
GiHub: https://github.com/ArweaveTeam/arweave
YouTube: https://www.youtube.com/channel/UCdM3INQ5NAsNjWU8-2y_xjw
Reddit: https://www.reddit.com/r/Arweave/ 

Author

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