Arweave AR
1. Summary
- Price
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$16.60 +6.5%
- Market Cap
- $1.09B (#97)
- Supply
- 65.45M / 65.45M
- Description
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Arweave: A Data Storage Blockchain and Protocol
Arweave: A Data Storage Blockchain and Protocol
Overview
Arweave is a novel blockchain protocol designed to solve the millennia-old problem of decentralized data availability by creating truly permanent data storage. This pay-once-store-forever model ensures data permanence, making it censorship-free and affordable. Arweave achieves data impermanence by eradicating the need for recurring storage fees and centralized control over data.
Protocol Structure
The Arweave protocol consists of three primary components:
- Cryptographic Proofs of Storage: A succinct cryptographics proof system for ensuring accessible data replication.
- Storage Endowment: A predictable, self-executing endowment for paying for data storage with the help of deflationary technology advancements.
- Incentivized Evolution: A mechanism for protocol adaptability and rewarding non-coercive upgrades to the network.
Data Storage Mechanism
Arweave stores data on a blockchain-like structure called the blockweave. Each block in the blockweave links to two previous blocks: the immediately preceding block and a randomly selected block from the network’s history called the recall block. Miners must have access to this recall block to mine new blocks and earn rewards through the consensus mechanism called Succinct Proofs of Random Access (SPoRA). This incentivizes miners to store more data, increasing their chances of accessing the recall block and earning rewards.
Achieving Data Permanence
Charging a one-time fee in Arweave tokens for permanent storage, data permanence is ensured. The fee includes a portion used to cover storage costs for approximately 200 years. The remaining portion is held in an endowment, incentivizing miners to maintain data over long periods.
Permaweb and Decentralized Applications
The permaweb is a global, community-owned, accessible web that allows users to store data, including text, images, and entire websites. Decentralized applications like Ardrive and Evermore facilitate simple file storage by acting as a layer of abstraction. Websites and applications can be permanently stored and preserved even in the case of discontinuation or censorship.
Partnerships
Arweave has partnered with the Internet Archive to store website metadata obtained by the Wayback Machine on the Arweave network. This collaboration creates a tamper-proof record of the historical evolution of the web.
Token Economics
The Arweave token (AR) is used to incentivize miners to store data. Transaction fees in AR tokens are paid by users and miners who maintain the data. This ensures that fees are directly tied to data storage and maintenance without incurring additional costs for users.
Capabilities
- Permanent Data Storage: Cost-effective and scalable preservation of data and websites.
- Decentralized Architecture: Eliminates central control over data and ensures data is available and accessible to anyone.
- AR Token Economics: Ensures miners are incentivized to maintain data and prevents centralization.
- Open Ledger: Hosts a permanent and decentralized web.
Community and Adoption
The Arweave protocol is stable, mature, and widely adopted. It acts as a map pointing to places where users can learn, use and build on top of Arweave. The ecosystem is fully decentralized, and its capabilities are being explored by various developers and users.
| Price | |
| 52W High price | $48.04 |
| 52W High date | 20th May 2024 (7 months ago) |
| All Time High (ATH) Date | 5th Nov 2021 (3 years ago) |
| ATH Price | $89.24 |
| % From ATH | -82.59% |
| All Time Low (ATL) Date | 31st Jan 2020 (4 years ago) |
| ATL Price | $0.30 |
| % From ATL | 5099.34% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $145.64M |
| Total Supply | 65.45M |
| Max Supply | 66.00M |
| Circulating Supply | 65.45M |
AR
How does Arweave's (AR) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-30.8%
AR
-6.2%
Similar Market Cap
60 Day Return
-39.4%
AR
-9.7%
Similar Market Cap
1 Year Return
234.3%
AR
717.5%
Similar Market Cap
We're monitoring 41 Arweave GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Arweave Repos)
Commits vs. The Market
- Past 4 weeks: 15 commits vs. an average of 1
- Past 12 weeks: 55 commits vs. an average of 7
- Past year: 205 commits vs. an average of 104
Most Active Repos
| Past week | 131 |
|---|---|
| Past 12 weeks | 140 |
| Past year | 237 |
| Past week | 6 |
|---|---|
| Past 12 weeks | 36 |
| Past year | 170 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 6 |
| Past year | 106 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 6 |
| Past year | 86 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 10 |
| Past year | 64 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 44 |
Top Developers 2024
In total, 101 developers have contributed to Arweave over the past year. Who are the most active Arweave developers, by commits, over the past year?
Related Projects
Developers working on Arweave also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 4,903 |
| Twitter followers | 100,827 |
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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docs.arweave.org/developers/mining/syncing-packing Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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arweave.org/use/ Official
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docs.arweave.org/developers/mining/syncing-packing/estimated-partition-sizes Official
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docs.arweave.org/developers/mining/syncing-packing/estimated-partition-sizes Official
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docs.arweave.org/developers/mining/syncing-packing/estimated-partition-sizes Official
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docs.arweave.org/developers/mining/syncing-packing/estimated-partition-sizes Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://arweave.org/ |
|---|---|
| Explorer | https://viewblock.io/arweave |
| @arweaveteam | |
| Whitepaper | https://arweave.org/files/arweave-lightpaper.pdf |
Has Arweave been audited for security?
No security audits found for this project.
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