What is Arweave?
Arweave is blockchain based data storage platform that help user to storage their documents and other data. it enables serverless web and provide permanent solution for developer and user without downtime. Arweave was introduced in 2018 aim to create scalable infrastructure for data economy with thigher throughput.
Arweave has permanently fixed problem of high fees on-chain data storage by replacing low cost solution. In the updated solution Arweave based on Blockweave, Proof of Access, Wildfire and Blockshadows. However, Blockweave i.e. work as data storage protocol uses proof of access consensus mechanism. Arweave adopted new features tat allow nodes to run key network functions without going through full chain. in proof of access (POA) enable external data storage, storage can be expandable depending on amount of electricity. However, it has similar working Proof of Work.
Network follows unique economic structure build for miner to ensure uptime for data including fast delivery speed. entire project pushing decentralized behaviour to offer data storage, sharing, collaboration, privacy & protection. Project introduced Permaweb i.e. global and community owned web platform. in permaweb where user get paid to maintaining and contribution on the network. permaweb will solve issue including 404 error, stealth edits and no web apps with quality loss. The perman web is built on top of HTTP protocol and it is collection of interlink web application and document.
Arweave Price Prediction
|Month & Year||AR Price Prediction|
|Ticker Symbol||AR Token|
|Based on||Storage Blockchain|
|All-time high||$7.81 USD|
|Exchange Platform||Hoo, MXC, Bittrex, Bilaxy, Hotbit.|
AR Token ICO Overview
|Platform used||OWN Wallet|
|Raised by||$8,700,000 USD|
|Date of ICO||6 july 2018|
|ICO Price||$0.76 USD|
|Partners||Gitcoin, Internet Archive, Techstars, Multicoin Capital, 1kx, USV, Coinbase Ventures, Andreessen Horowitz, IWF.|
Arweave Price Analysis
Arweave will be fuel by AR Token and that also utilize power their storage. in may 2020 AR token listed on CMC with average price $0.59 USD and after following mix trend it surges to reach to $7.09 USD highest in august 2020. AT token can be medium for basic transaction on platform including data storage plans upgradation or availing product by developers. However, server need to maintain AR Token for handling request for writing data. Token also used to fees to miners for maintaining weave network.
How much AR Token Worth in 2030?
AR token 9 year from now in 2030, may worth more than $60 USD.
Is Arweave a Good Investment?
Yes, project has potential in storage industry and considering future and demand of decentralized storage Arweave will be top picture.
In the wave of Decentralized Finance now storage based blockchain also gaining market volume. Arweave computing with different storage-based platform and already defeated existing blockchain including Storj, Siacoin and other. in storage column Arweave is 2nd most successful storage blockchain based network with decentralized feature. It gives full control over data and help you store data, document, apps with less fees.