ARWEAVE: THE FIRST EVER CONSENSUS MECHANISM THAT TRULY CREATES PERMANENT DATA STORAGE

jannyh (0)(1)in #blockchain • 6 years ago (edited)

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Data storage has constituted a problem the world over, extending the research to high heavens to find solutions that can satisfy the yearnings for an optimum data storage platform. Well, search no longer, as that may have been discovered with the entrance of Arweave - A new data storage blockchain protocol based on an innovative proof of access consensus mechanism that creates truly permanent data storage for the first time.
Even trusted experts have attested to the potency of the platform, especially in its ability to turn miners into storage nodes via compelling the consensus layer. Arweave is a novelty with neat code and soundly framed.
Arweave will be central to ensure that data is finally permanent, low-cost, and truly censorship free. The project ultimately is doctored to becoming an indispensable storage layer that can be leveraged to provide speed and scalability to other systems.
Arweave launched their alpha testnet in November 2017, and plan on launching the mainnet in early June. The launch of the mainnet brings a tangible utility value to the token beyond speculation. Along with the mainnet, the Arweave ICO team has already created the REST API, available for developers to build projects using any programming language.
Arweave is a new blockchain like structure called the block- weave. The block weave is a platform dynamically modeled to provide scalable on-chain storage in a modest way and this is happening for the very first time. How does it achieve this is to facilitate it to a level whereas 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 key functions of the Blockweave, Proof of Access, Wildfire, Blockshadows, and Democratic Content Policy features are generally well explained. This helps to further high spot how Arweave will play its role as a blockchain network that powers low-cost absolute data storage, and a high-throughput cryptocurrency space.

WHAT MAKES ARWEAVE TOP-NOTCH
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Arweave is the future of blockchain and has maintained a growing reputation with the quality of partnerships in place to take this project to an expected end.
As a straightforward infrastructure module with an expansive collection of use case situations, current developments show that storage protocols have a top-notch track record in terms of providing yields.
With a clear path, the invaluable partnership with Upvest - a renowned consulting company; Techstars - a technical start-up accelerator; Northblock – a consulting company; Shelf Auctioning Network - a platform providing the facility to search for auctions and the Journal of Raw Data - a platform aiming to expand access to scientific work, you will understand the dynamism of this project.
Arweave’s revolutionary ecosystem reveals a potential market with high growth rates and the parameters show that starting investments have already been upstretched.
Like we said earlier, Arweave is bringing a value proposition that now ensures that data is finally permanent, low-cost, and truly restriction free. Even though blockchain space is full of competitors, Arweave has demonstrated it is a cutting-edge platform and market is still massive with substantial development pointers.
Without mincing word, indicators have proven that there is overwhelming demand for this project from the public with a private round well oversubscribed. Basically, the project according to the infographics employs PoC (proof of care) for investors who want to participate in the crowd sale. This means that there will be an unmet demand during the ICO which of course can offset negative risks of a wide price spread between token sale stages.
Arweave achieves insightful data reliability by constructing economies of scale in the data storage formation. This is huge because it is extraordinarily difficult for an individual or organization to build a permanent data storage system, however on a planetary measure, using financial incentives, the mission becomes achievable and affordable therein.
TOKEN DETAILS
Ticker: AR

Token type: OWN WALLET

Token price: 1 AR = 0.74 USD

Fundraising Goal: 8,700,000 USD

Total Tokens: 66,000,000

Available for Token Sale: 20,6%

Whitelist: YES (JOIN )

RESTRICTIONS: USA, China, North Korea, or Iran

Accepts: ETH

Token sale starts after the main Arweave network launches on June 8th
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CONCLUSION:
For me and a whole lot of others out there who have taken a critical look at the project, Arweave is the brighter side of the future of blockchain, the solutions offered by Arweave will prove to be invaluable and will bring about a substantial influence on the blockchain structure It has made its entry to add impetus to the Blockchain technology as a brand new internet in a massively scalable blockchain. It is a global, permanent hard drive on a new kind of blockchain and was previously known as Archain. All the indicators show positive signs of growth and achieving the objective.
THE TEAM:
I cannot end this without commending the team for conceptualizing this revolutionary platform that has come to redefine workings in the ecosystem. From Sam Williams, Co-Founder and CEO; William Jones, Co-Founder, and CTO; India Raybould CCO, among others who were instrumental to the success of the Arweave project.
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For more insight on the Arweave Project, please click on the links below: