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What is Arweave? Introduction to Arweave's issue price, total volume and white paper
Arweave's decentralized data storage network, utilizing its "blockweave" technology, offers immutable, censorship-resistant, and scalable file storage solutions.
Oct 26, 2024 at 05:58 am

What is Arweave?
- Definition:
Arweave is a decentralized network designed for the permanent storage and retrieval of data. It uses a novel data storage mechanism called "blockweave" to create a scalable, secure, and censorship-resistant alternative to traditional file storage methods. Key Features:
- Immutable Storage: Data stored on Arweave cannot be altered or removed once it has been verified and stored.
- Decentralized: The network is not controlled by a single entity and consists of a large number of nodes distributed across the globe.
- Pay-for-Storage Model: Users pay a one-time, perpetual fee for data storage, ensuring the long-term preservation of their files.
Issue Price and Total Volume:
- Initial Coin Offering (ICO) Price: $0.015
- Current Price (as of March 2023): $10.70
- Total Volume: Approximately 658 million AR tokens
- White Paper:
Arweave's white paper, titled "Arweave: A Cooperative Storage Network for the Permanent Web", was published in April 2018. It describes the technical architecture, security mechanisms, and economic incentives that underpin the network.
Additional Information:
- Arweave's primary use case is long-term data storage for applications such as archival, scientific records, and historical preservation.
- The network uses a proof-of-access consensus mechanism to verify and store data, ensuring its integrity and durability.
- Arweave has raised over $200 million in funding from investors such as Coinbase Ventures and Andreessen Horowitz.
- The project is open-source and has a dedicated community of developers and users who contribute to its growth and maintenance.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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