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Cryptocurrency News Articles
Arweave: The Permaweb and the Future of Decentralized Data Storage
Oct 22, 2024 at 03:35 pm
Arweave is a decentralized storage network that aims to provide a permanent, tamper-proof archive of data on the blockchain. Unlike traditional cloud storage platforms that charge ongoing fees and store data temporarily, Arweave introduces a novel concept called the “permaweb.” This innovation guarantees that once data is uploaded, it will be available indefinitely without requiring the uploader to keep paying to maintain access. This is achieved through a unique economic model and technical infrastructure.
This episode is brought to you by Stabull Finance.
Stabull Finance is a decentralized money market protocol that aims to maximize capital efficiency and liquidity. It offers a range of features, including lending, borrowing, and leveraged yield farming, all powered by the strengths of the Arweave network.
To learn more about how Stabull Finance is revolutionizing DeFi, visit their website at stabull.finance.
Now, onto the show.
Sam Williams is the founder of Arweave, a decentralized storage network that aims to provide a permanent, tamper-proof archive of data on the blockchain. Arweave is building the Permaweb, a decentralized web that can't be taken down or censored.
In this conversation, we discuss the vision behind Arweave, its implications for information control, and the development of the Permaweb. Sam also introduces the AO protocol, a decentralized supercomputer, and explains the economic model behind it, highlighting the importance of liquidity in attracting users. Finally, we discuss the Universal Data License and the future of decentralized services in cyberspace.
Links
Stabull Finance
Arweave
Andy on Twitter
Brave New Coin on Twitter
Brave New Arweave is a decentralized storage network that aims to provide a permanent, tamper-proof archive of data on the blockchain. Unlike traditional cloud storage platforms that charge ongoing fees and store data temporarily, Arweave introduces a novel concept called the “permaweb.” This innovation guarantees that once data is uploaded, it will be available indefinitely without requiring the uploader to keep paying to maintain access. This is achieved through a unique economic model and technical infrastructure.
Data can never be taken down or censored, offering an unprecedented level of freedom for content creators and developers. Users have built platforms like decentralized social media apps, content archiving services, and even NFT marketplaces on Arweave, taking advantage of its promise of permanence.
A key part of Arweave’s value proposition is that users only pay a one-time fee to store data, covering the cost for its perpetual storage. The one-time payment is calculated based on the current price of AR tokens and the anticipated future costs of storage. The system is designed to scale effectively, with storage costs decreasing over time due to advances in storage technology.
Arweave has attracted attention due to its role in solving the problem of data integrity, especially in an age where information can be easily manipulated. By ensuring that information stored on its network can never be altered or deleted, Arweave offers a solution for organizations that require long-term data archival, such as research institutions, media outlets, and governments. Arweave represents a radical shift in how we might think about data storage, offering a decentralized, permanent solution in contrast to the fleeting nature of traditional cloud services.
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