Type: Protocol
👀 As if the blockchain protocol space wasn’t already crowded, The Arweave ICO and AR Token are entering the market with their new data storage blockchain protocol. Designed to facilitate permanent low-cost storage onchain, Arweave is based on a novel consensus mechanism - proof of access. Airweave aspires to be an indispensable storage layer which could be helpful for providing speed and scalability to other system.
Arweave provides a low cost and scalable onchain storage by using a blockchain-like structure - “Blockweave”. In Arweave, the increase in the amount of data stored reduces the amount of hashing needed for consensus causing a reduction in the cost of data storage.
Arweave’s value proposition is to provide a solution that stores data permanently and immutably to prevent theft and manipulation as well as to provide an ideal infrastructure layer for dapps that required data immutability.
🏆 Since Arweave is a new protocol, it will use the native AR tokens which are needed to store information on the Arweave. The AR tokens can be stored in a native wallet provided by Arweave. These tokens - as payments made by users - are distributed as a reward to miners. The miners store and maintain the information.
Arweave has partnered with Shelf.network to access their data storage where they store action listing using the blockweave data structure. The shelf.network native chain will record a reference to the data stored by Arweave.
🎯 Europe’s largest university clinic – Charité is also working with Arweave to create the journal of raw data. This journal will be a peer-reviewed online open-access biomedical data journal. The data submitted to this journal from the biomedical research will be stored in a storage solution provided by Arweave. The aim is to make data publically available, inalterable and immutable. This partnership will provide Arweave an opportunity to showcase the use case scenario in the research field.
🔍 Clues for:
- To pilot use case they already have two partnerships lined up.
- Competitive advantage over other storage solutions.
- Mainnet Launch in June which means Tech development is an advanced stage or already completed.
🔎 Clues against:
- This space is more crowded than times square on New Year’s Eve.
- Competitors are big-shot, high profiles.
- The team has no prior startup experience.
❗ The case has been solved!
Common sense should say that the suffocation is eminent in Times Square on the New Year’s Eve. However, ask your girlfriend and she would still root for attending it. As is the case here, the experts should still believe there is a room for one more player in this crowded storage space provided the team is good enough and, in their ability, to provide a novel solution. This team might be lacking experience but has a potential to score a goal in the first half itself.
📊 RATING: 77/100
🌎 Website: https://arweave.org/
📪 Telegram: https://t.me/arweave
📆 ICO starts: After June 8th mainnet launch
💰 Hard Cap: $8,700,000 USD
💯 Total tokens: 66,000,000T2T
👛 Tokens to be sold: 20,6%
📆 📆 📆 Early Access Sale Start: June 7th crowd sale begins
📜 Whitelist: https://arweave.org/onboard.html
🚫 Private Sale / Presale / ICO: June 7th crowd sale begins
🔝 Private Sale / Presale / ICO bonus: N/A
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