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."
Rating
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)
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
| Name | Designation | Education | Experience |
| Sam Williams | Co-Founder and CEO | University of Nottingham: First Class BSc Hons., Computer ScienceUniversity of Kent:Doctor of Philosophy - Ph.D., Computer Science | 7 Yrs |
| William Jones | Co-Founder and CTO | University of Kent: Doctor of Philosophy - PhD, Computer ScienceUniversity of Kent: MS, Computer ScienceUniversity of Kent: Bachelor of Science - BS, Mathematics and Computer Science | 4 yrs |
Whitepaper 
