Arweave (AR) has been launched on HotsCoin on February 20. Arweave is a decentralized data storage protocol that makes data permanently stored and accessible globally through its permaweb. Launched in June 2018, it uses AR tokens to incentivize data storage providers. AR is currently open for trading on HotsCoin.
Market capitalization information
Circulation: 65,454,185 AR
Total supply: 65,454,185 AR
Circulation market value: $969,165,610.998
Fully diluted market cap: $977,247,372.74
key events
2020-03-06: Completed US$8.3 million in financing
2019-11-05: Completed US$5 million in financing
2018-05-01: Completed public financing round of US$1.57 million
Industry challenges
In the rapidly growing field of cryptocurrency and data storage, traditional storage systems face issues such as data loss, centralized control, and censorship threats.
Data loss: Traditional systems cannot ensure long-term data retention and are vulnerable to hardware corruption and data center instability.
Centralized Control: Centralized control by a few entities or organizations raises concerns about data security and integrity.
Censorship: Increased censorship by governments and organizations, restricting the flow of information and suppressing dissent.
Arweave’s solution
Arweave is a revolutionary solution that directly addresses the shortcomings of traditional storage methods with a permanent, decentralized, censorship-resistant approach.
Technology Architecture
Arweave is a permanent, decentralized network using a blockchain-based architecture. Data is woven into the Arweave blockchain, ensuring permanent access. The unique "Proof of Access" consensus mechanism improves efficiency and reduces energy consumption.
Advantage
1. Save key data: Save humanity’s most important data, from historical records to scientific research.
Immutable content publishing: Content is immutable once published, ensuring it is always accessible to readers around the world.
2. Data distribution: The distributed nature makes the content not restricted by a single server or jurisdiction.
Tamper-proof: Once data is written, it cannot be modified or deleted, ensuring content integrity.
3. Uncensorable: The decentralized nature makes it difficult for any entity to shut down or censor specific content.
4. Permanent Data Storage: Building decentralized applications benefits from permanent and immutable data storage.
5. Decentralized computing: Provides a decentralized computing layer to support fully decentralized applications.
6. Snapshot storage: The project uses Arweave to store snapshots of the blockchain at a specific point in time.
project
7.Arweave.app: User-friendly portal that simplifies the creation and management of Arweave wallets.
8.Permaswap: A cross-chain decentralized exchange that enhances the liquidity of Arweave’s native assets.
9. Ar.io: A network of decentralized gateways and persistent domains, simplifying navigation through the Arweave name system.
10.ArDrive: Provides a solution for permanent data storage, supporting unlimited storage, file management, privacy and version tracking.
team
The team led by Sam Williams and William Jones has accumulated extensive experience in blockchain technology, data storage and innovation issues.
in conclusion
Arweave is a transformative force in data storage and cryptocurrency, shaping a more secure and transparent digital future through a permanent, decentralized and censorship-resistant approach. As a leader in the digital age, Arweave continues to refresh data storage rules and provide an excellent ecosystem for creators, users and developers.
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