ARWEAVE: Towards a Reduced Data Storage

We often regard ourselves as having a high intellectual prowess. The 21st century had often been termed the information age or what some other group of analysts called the jet age.
Haven found ourselves in this age; we believe that we can have any type of information at the snap of our fingers. Thanks to Google, this assertion to some is accurate. With the Internet here with us, we have loads of information at our beck and call but this doesn’t substantiate the above assertion.

Imagine this scenario: you just acquired a new car and thought your earlier car too old-fashioned for your taste and not befitting for the society you found yourself in. Let’s narrow it down a bit. How will you feel losing vital information that will be useful to you later in life? Because of the Internet, you decided to burn books that made up your library simply because the Internet harbors all sort of information.

While you might find your action justifiable, have you taken time to wonder what becomes of you if the Internet disappears or the access servers that hold this information get revoked by their owners? You’ll simply become a literal wanderer because knowledge is power and the absence of knowledge culminates to a literal death.

We now have the blockchain technology that is consistently making major headways into the global market. Like every other initiative, it has its loopholes but the ability to overcome some of these seems lacking. Major blockchains have persistent issues on their data storage module. This, to some extent, had minimized its success.

Typically, every blockchain requires some fees for data access with many coming up with the idea of a full node being in possession of copies of transactions on the platform for future reference. While this seems a good solution, stiffer blockchains such as Ethereum monopolize their native tokens in increasing storage fees.

Despite other approaches by several blockchains towards tackling this problem, a consensus selection had not been made as each of the approaches such as improving consensus algorithms between nodes had not achieved much towards that regard.

It is in the light of this raging challenge that Arweave came on board to judiciously secure data storage while creating a viable platform that will drastically reduce the exorbitant fees accrued in storing and accessing data.

Why Arweave?
You won’t be wrong to view Arweave as another pipedream but the fact here is that Arweave is more than a concept; Arweave from its components, is actually a solution. With the constant demand for data storage, there was need for an urgent solution. There was need for a decentralized platform that will offer low-cost data storage and security protocol as against the centralized and vulnerable data storage protocol on ground. That which was sought is embodied in Arweave.

Have you been looking for a platform that allows you access content with low-cost fees; Arweave is here to offer your desired service. Arweave is a data storage blockchain that utilizes the novel proof of access consensus algorithm to implement a censorship free and permanent data storage. The amazing thing about Arweave is that content and data is accessible at low-costs.

Technologies
Arweave is backed by four technologies that will facilitate its vision of a low-cost and permanent data storage blockchain. The four technologies are the Blockweave, Proof of Access, Wildfire and Blockshadows technologies.

With decentralization as its main aim, Arweave through the blockweave technology introduced two concepts to replace the use of one node obtainable in other blockchains. These concepts on will oversee the fulfillment of network functions by nodes without their unnecessary possession of the entire blockchain.

The first concept called the block hash list is responsible for verification of old blocks and subsequent evaluation of new ones. The other called the wallet list all active wallets on the blockchain and allows a smooth transaction on the Arweave blockchain.

Arweaves’ consensus algorithm utilizes the Proof of Access and Proof of Work technologies. Typical with other blockchains, the Proof of Work (PoF) generates successive blocks by depending on previous ones. The Proof of Access (PoA) system randomly incorporates data from previous blocks.

The Wildfire technology expedites data storage and access. Finally, we have the Blockshadow technology fast-tracks block consensus and maximum transactions while reducing data waste.

What other benefits does Arweave offer?
Apart from the above-stated, Arweave also allows app development through REST API. It also allows the building of diverse architectures on its weave such as:
• Event Based
• Serverless Architecture
• Client-Server Architecture

Other benefits you get from using the Arweave blockchain include:
• High transaction throughput
• Self-organizing network
• Decentralized app development

Conclusion
Arweave is certainly the way to go for our data storage. Arweave offers low-cost and secure data storage services to its users. What’s more: its protocol (the Arweave protocol) called the blockweave is modeled after the blockchain.

With afterweave, we now have a decentralized data storage that is immutable and very secure as opposed to the traditional centralized data storage. Arweave is a good project you should look out for as its benefits are thrilling.

THE TEAM

ADVISORS

To find out more about Arweave, check the links i added below
Website: https://arweave.org
Whitepaper: https://arweave.org/files/arweave-lightpaper.pdf
Blog: https://medium.com/@arweave
Telegram: https://t.me/arweave
Twitter: http://twitter.com/ArweaveTeam

Writer: Collinberg
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1532780