Arweave (AR)
Basics
- Based in:
- Started in / Announced on: 2017
- Testnet release:
- Mainnet release:
- From Ansem's Q1 report (1-1-2022):
"Arweave is a decentralized network focused on permanent data storage, many NFT projects use Arweave as their backend for storing data, as well as many blockchains who use Arweave for storage of transaction data."
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
"Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."
Token allocation
Utility
Token Details
- Has a 'profit-sharing token (PST)'
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Ethereum
- Programming language used:
Transaction Details
How it works
- From Ansem's Q1 report (1-1-2022):
"Instead of using AWS to store data, teams can utilize Arweave for storing all of the data for their applications. Instead of attempting to bet on which 10k pfp NFT project will succeed each week, making a bet on the infrastructure that many applications will need to use is a much easier bet to make. Arweave’s blockweave architecture and SPoRA consensus mechanism make it much more scalable than other storage solutions like Filecoin."
"It’s using its own proprietary technology—"blockweave— to build an internet that Arweave calls the “permaweb.” The permaweb is “true to the web vision” but “weaves” in blockweave and Arweave to create a different data structure and a different type of blockchain that relies on a “recall block design” in its Proof of Access consensus mechanism. Blockweave was first proposed in the 2017 whitepaper, “Archain: An Open, Irrevocable, Unforgeable and Uncensorable Archive for the Internet.”
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From Our Network (27-2-2021):
"As of 1:41PM UTC on Feb 25th, there are 56654 Arweave wallets, and 57% (32302) of them have been active in the past 6 months. 58% of these active addresses own PSTs (Profit-sharing tokens).
Projects that use or built on it
- From Our Network (27-2-2021):
"At least six notable projects now use Arweave to back up their code bases: Polkadot, Solana, Skale, Mirror, Nervos, and Mask Network."
- Solana. "Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."
Competition
- Filecoin (FIL), Sia (SC), Safe Network (MAID), and Storj (STORJ) are also building protocols for decentralized cloud storage.
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Sam Williams; founder
- William Jones; founder
- Viktor Diordiiev; Chief Commerical Officer
Funding
- RedStone; Arweave took part in their $525K pre-seed (13-7-2021), RedStone also leverages Arweave.
- Mechanism Capital lists them in their portfolio as of 15-5-2023.
- From Decrypt (14-7-2020):
"Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."
Partners
- Has an Open Web Incubator with Gitcoin (1-7-2020).
- "Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."
- Partnered with Mask Network (17-11-2021).
- Is mentioned as a partner to Octopus Network on their website (14-3-2022).
(:
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