Arweave (AR) is a Decentralised Networks crypto coin. Arweave`s origin block was generated on 2018-07-13. More information can be found at https://www.arweave.org.
Key Technical Advantages:
Blockweave Data Structure: Arweave utilizes a unique data structure known as the blockweave, instead of a traditional blockchain. The blockweave is designed to offer scalable and permanent on-chain data storage. Each piece of data stored in this structure is cryptographically entangled with every other previous block in the network, making it impossible to alter or delete the stored data without being detected by the network.
Proof of Access Consensus Mechanism: This unique consensus mechanism helps maintain the blockweave. Miners are required to prove they have access to old data to add new blocks, providing an incentive to store as much data as possible. This mechanism is designed to ensure the longevity and permanence of data.
Blockshadows: This is a novel technology that allows the network to scale by reducing the amount of data that needs to be shared across the network when a new block is mined. Blockshadows only share the necessary information for validating a new block rather than sharing the entire block, thereby reducing the amount of data that needs to be transmitted.
Adaptive Interacting Incentive Agents (AIIA): This is a game theory-based mechanism that incentivizes nodes to contribute positively to the network. It promotes pro-social behavior and ensures that each node's behavior contributes positively to the network's utility.
Decentralized Content Policies: Miners in the Arweave network can democratically decide what content they want to store and share. This allows the network to remain resilient and decentralized, while also giving miners control over the content they store. This is achieved through three aspects: the voting phase, the storage phase, and the incentive design.
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