Arweave: Project Introduction
Information can simply be put as the knowledge or intelligence that is received, processed or communicated with respect to a particular circumstance, action or event. Information and data are intertwined and they are created concurrently every second.
As humans, we have always felt the need to store data and have done so in different ways forms or methods that best suits us individually. Data is an invaluable asset to possess and as proven so too with people, businesses and large corporations using data in different ways for different purposes.
Storing information, however, has not proven to be as easy as it is to create, mainly due to the size of storage needed. The Internet is currently the largest source of information there is, but the internet in itself is merely an access way into different privately/government owned servers hosting this information, this access can, therefore, be revoked or restricted at any time. Data on the internet is subject to tampering, manipulation and may simply disappear.
The Birth of the blockchain and its limitations
The blockchain since its invention and usage has made possible the permanent storage of data because with the blockchain data can be stored on nodes and completely secured with cryptography technology safe and permanent.
The challenge the blockchain faces are:
- Storage of data
- Slow transaction speeds
Storing of data on the blockchain requires high transaction fees and while some blockchains have improved their protocols to help faster transaction speeds data storage remains a big problem. The cause of the problem is mainly because every full node of the blockchain must maintain a copy of the whole blockchain.
This Means, for example, if a person wants to run the wallet of a blockchain on his PC, he has to first download the whole blockchain unto his computer before he can run the wallet as a node of that blockchain.
Arweave Provides The Solution
Arweave recognizes the problems or limitations with blockchain technologies and has designed a blockchain network that is capable of storing data permanently and also at a very low cost by using innovative technologies to deal with the problems of full node synchronization as it is with other blockchain technologies. Arweave technology is not based on the blockchain but on a blockchain-like cryptographic infrastructure called blockweave.
The innovative technologies at the heart of the Arweave platform are;
- Blockweave
- Proof of access
- Wildfire
- Blockshadows
Together these technologies interact to create the blockchain solution that arweave provides
Blockweave is a technology designed to eliminate the problem of having to download the whole blockchain for a node to run, it essentially integrates a hash and wallet list to every node making it possible for verification of transactions and for nodes to join networks almost immediately.
The concept of the blockweave is genius and it eliminates not only the burden of synchronization that is the case with the other blockchains but also saves transaction time and energy needed for mining.
The proof of access; however, is an algorithm that allows miners to replicate the effects of downloading the blockchain by incorporating the data from a previous block that is chosen randomly.
The wildfire; is basically a data sharing system that uses a ranking system to judge the performance of nodes in the network and applies it to future transactions to create the fastest path for transactions and allow the best node peers spend a large amount of time together effectively mining and hereby banning the worst nodes.
Blockshadows; is designed by arweave to make shadows of a block which contains enough data necessary to recreate the whole block of data, as against moving the whole block.
These set of technologies are intertwined and they weave together to form a network which can easily be scaled and expanded to store large amounts of data at a very minimal cost. Due to the weave technology method, when there is an attempt to tamper with a particular information on the weave it is detected by the other properties of the properties system and rejected creating a tamper-proof network.
Arweave has designed a technology that creates a solution to our highly expensive data storage problems and a protocol on the block weave which is a blockchain-like infrastructure, capable of processing transactions much faster than the blockchain.
The Arweave token sale is live and it is an opportunity for early investors to purchase AR tokens. For more information about the project and how to purchase its tokens visit the projects official website and social media communities from the contacts below.
Official Contacts
Website:
Telegram: https://t.me/arweave
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2066098
Lightpaper: https://arweave.org/files/arweave-lightpaper.pdf
Medium Blog: https://medium.com/@arweave
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