Arweave

Arweave uses a consensus mechanism that provides durable and cost-effective data storage as a protocol for storing data in a decentralized ledger structure called Blockweave.

Overview

Arweave makes permanent storage of data possible. It’s a new type of storage that supports continuous, perpetual input of data, allowing users and developers to store data forever—for the first time. As a collective hard drive, we'll never forget, Arweave will enable us to remember valuable information, apps, and history and store them indefinitely. By preserving history, it prevents others from rewriting it.

Arweave created Profit Sharing Communities (PSC). PSCs empower creators, contributors, and users while providing a better online experience. Think of it as an "open source company" that pays dividends in immediate profits. Users can participate when they want and for as long as they want.

Arweave builds a better web that empowers ownership, encourages better governance and fewer barriers. You decide how much right you want to give up in exchange for a significant contribution, and you directly own and control the apps you create. Employees with high penalties can use the size and duration of their tokens. It influences the community's direction by holding more tickets or holding them longer.

Arweave is easy to use and customer-friendly, built with an ethically compliant revenue model, consumer activities are not sold, and there is no exploitation of user data. No trackers and pressure from web ads. Optimal feedback cycle, app experience, and upgrades are managed by the employees who own the tokens or by the users themselves who can purchase them.

Arweave generates revenue using Profit Sharing Tokens (PST). User interaction with the Arweave Permaweb application requires the consumption of a little AR token, the local currency for all Arweave applications. These fees include miner fees, donation fees, and tips. While the first two feed the wider ecosystem, the board provides a revenue stream for community creators and contributors in revenue-sharing tokens.

Product Details

Arweave provides scalable and sustainable data storage on a continuous chain. Arweave creates blockweave, which is the core technology that powers it. Blockweave forms the basic data structure of the permaweb - a decentralized collection of data, websites, and applications hosted on Blockweave and available in regular web browsers.

A blockchain is a collection of connected blocks containing transactions. Likewise, a blockweave, designed specifically for the Arweave protocol contain data linked to many previous blocks on the network. Due to this data structure, the network requires miners to provide a Proof of Access (PoA) on old data to add new blocks.

Unlike traditional blockchains, which force miners to use electricity to earn tokens, the Arweave network also encourages miners to replicate valuable data (information stored on the web). This mechanism compensates for normally lost value in the blockchain network through energy-efficient and proper data storage.

Arweave's data structure connects each block to the previous two blocks. The last block in the "chain" (as in traditional blockchain protocols) and from the previous blockchain history. Therefore, the data structure of the Arweave blockchain is not strictly a chain but a slightly more complex graphical structure called Blockweave. The cell block is selected based on the previous block's hash and the height of the last block. The process leads to a determined but unpredictable selection of blocks from weaving history.

Arweave's Proof of Access (PoA) is an enhancement of Proof of Work (PoW). Here, the entire recall block data includes the proposed hashed material for input to the proof of work. This process provides more details on the block-building process. PoA requirements stimulate storage, as miners need access to random blocks in Blockweave history to mine new blocks and receive mining rewards.

The PoA algorithm also encourages miners to store "rare" blocks more than it enables them to keep well-replicated blocks. When selecting a rare alliance, the miners who have access to the block compete for the same reward level as the fewer miners in the PoW puzzle.

Arweave protocol avoids the obligation to store everything, which allows each node to decide which blocks and transactions to keep. The process increases the resilience of network sensors by not forcing nodes to store material they don't want. The default behavior of the network is a large number of repetitions of each accepted transaction. The network replication rate currently exceeds 97%. As an important part of block validation, transactions are stored in chains and replicated across the network, making data geographically dispersed. Storage is also secured at the network level (not at the miner level), strengthening this protection making it stable and resistant to tampering.

Arweave's data storage is supported by sustainable and transparent economy that allows users to perpetuate information replication. Arweave's economic mechanism is similar to the traditional structure of the conventional economy. When some data gets added to the Arweave network, users pay "principles" upfront, which earns "interest" in purchasing power. This one-time upfront payment makes interest over-time for those offering disk storage to earn their storage contribution. Arweave ensures the long-term viability of network resources by using very conservative storage pricing estimates.

Arweave data storage layer has permaweb sit on top of the core . Permaweb is a collection of interconnected documents and applications - much like a traditional network - except that all content is completely persistent. Since the Arweave network itself hinges on HTTP (the protocol from which traditional networks originate), the browser has access to all data stored on the network. Since the Arweave network itself is content-agnostic, Permaweb can be used to store all kinds of information, from wikis to PDFs to videos and web applications. Once connected to the internet, these files are available anytime, anywhere in the world.

Arweave provides built-in tools for democratic moderation in its protocol’s core, thus, giving the users more control. Arweave is a positive departure from traditional networks. When someone sends a transaction to the Arweave network, the store replicates the associated data. Network backers can filter and screen transactions any way they like, check for known illegal material, and scan data with computer vision software.

Recap

Arweave makes permanent storage of data possible. It creates Profit Sharing Communities (PSC), builds a better web that empowers ownership, encourages better governance, fewer barriers, and ensures an easy-to-use, customer-friendly ecosystem. Arweave generates revenue using Profit Sharing Tokens (PST).