Arweave


Name

Arweave

Summary

Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely.
-It was founded by Sam Williams and William Jones in 2017.
-It employs a modified version of the proof-of-work consensus algorithm known as "proof-of-access."

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Rating

BBB

Symbol

AR

Overview

Arweave is a data storage protocol that is based on blockweave technology. Arweave is building an underlying network that will allow data to be preserved indefinitely and retrieved via its permaweb. This secondary layer will enable data to be accessed in a human-readable format. The Arweave protocol, which permanently preserves data on the network, allows anyone with excess hard drive space to store data in exchange for AR tokens. Arweave expects storage costs will continue to fall and utilizes a formula to estimate how much it will cost to store a specific piece of data.

Historical Price Movement (in INR)

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Technology

Arweave's protocol combines a new data structure called a "blockweave" with a Proof of Access consensus mechanism (PoA).
Arweave also employs a "wildfire" data-sharing system, in which Arweave nodes are ranked based on how quickly they reply to requests and take data from other nodes in the network.
Another data management technique used by Arweave is "blockshadows," which comprise a hash of the wallet list, a hash list, and a list of transaction hashes from the current block.
Arweave network is based on the HTTP protocol; therefore, browsers can access permaweb pages and apps.
Use of Native tokens in the ecosystem:
AR is Arweave's native utility token, and it can be used for the following things:
Miner rewards: Miners in the network obtain AR tokens, which need them to store and serve data for mining new blocks. It is conceivable for a wallet owner to be both a user and a miner at the same time.
Transaction fees: Users must pay transaction fees in AR tokens to include a transaction in a block.

Pre Sale

10.8%

Public Sale

8.2%

Private Sale

19.5%

Project Advisors

2.9%

Team

13%

Ecosystem development

19.1%

Future Project Use

26.5%

Volume (As of 3rd April, 2022)

$51,820,312

Total Supply

63190435

Circulating supply

33,394,701.00 AR

Crowd Sales

Arweave has raised $22 million in seven rounds of investment.

Funding

1/12/2020: Initial Coin Offering - NA,
3/072020: Funding Round - NA,
5/03/2020: Seed Round- $8.3M,
6/11/2019: Seed Round- $5M,
6/06/2018: Seed Round- $8.7M,
22/01/2018: Pre Seed Round- NA,
1/10/2017: Pre Seed Round- NA

Country

United Kingdom

Name of Organization

Minimum Spanning Technologies Limited

Year Incorporated

2017

Registered Address

International House, 24 Holborn Viaduct, London, EC1A 2BN, United Kingdom.

Dispute Resolution and Governing Law

United Kingdom

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Sam WilliamsCo-Founder and CEOUniversity of Nottingham: First Class BSc Hons., Computer ScienceUniversity of Kent:Doctor of Philosophy - Ph.D., Computer Science7 Yrs
William JonesCo-Founder and CTOUniversity of Kent: Doctor of Philosophy - PhD, Computer ScienceUniversity of Kent: MS, Computer ScienceUniversity of Kent: Bachelor of Science - BS, Mathematics and Computer Science4 yrs