π² Insider Info in my Socials π
π Get The Hottest Crypto Deals π
π βCrypto Baeβ Shirt π
π₯ TOP Crypto TIPS In My Newsletter π
~~~~~
πΊEssential VideosπΊ
Fastest Cryptocurrencies π
Ethereum Classic Code Is Law π
Ripple vs. SEC Lawsuit Explained π
Coinbase Listing Criteria π
Filecoin Analysis π
~~~~~
– TIMESTAMPS –
0:00 Intro
2:05 Arweave History
4:49 Arweave vs. Filecoin, Storj, etc.
7:15 Arweave Features
9:50 How Does Arweave Work?
13:11 AR Cryptocurrency Tokenomics
14:36 AR Price Analysis
16:07 Arweave Concerns
17:45 Arweave Content Moderation
19:49 Conclusion
~~~~~
βοΈ π Useful Links π βοΈ
βΊ WayBackMachine Web Archive:
βΊ Arweave Solana Partnership:
βΊ Arweave Storage Costs Explained:
βΊ Arweave Storage Fee Calculator:
βΊ Arweave Web Wallet Extension Guide:
βΊ Arweave Profit Sharing Communities:
βΊ Arweave Mining Guide:
βΊ Arweave Funding Rounds:
βΊ Arweave Content Policy:
~~~~~
π Arweave Historyπ
Arweave was founded by fellow Englishmen William Jones and Sam Williams who met at the University of Kent while working on their doctorate degrees in distributed computer systems and networks.
In an interview with Multicoin Capital, Sam explained that came up with the idea for Arweave following the US presidential election in 2016.
π₯Arweave vs. Filecoin, Storj, Siacoin etc.π₯
All data stored on Arweave is stored forever. Not only that, but you only need to pay once to store that data
By contrast, every other decentralized storage cryptocurrency project only stores your data for as long as youβre paying the computers connected to its network for that service
π¨βπ»Arweave Features, Profit Sharing Communitiesπ¨βπ»
Just like the data stored on Arweave, Arweave applications are permanent, and any modification requires deploying a brand-new application
βHow Does Arweave Work?β
The Arweave protocol consists of two layers: the blockweave and the permaweb. The blockweave is technically a blockchain, but itβs unlike any other blockchain that exists in cryptocurrency
This is because each block on the blockweave refers to the previous block in addition to another randomly selected block called the βrecall blockβ.
The permaweb is where all of Arweaveβs applications live.
These are created using SmartWeave smart contracts and they can be accessed via various gateways that look and feel like regular websites
πΈAR Cryptocurrency TokenomicsπΈ
AR is Arweaveβs native cryptocurrency coin. It is used to pay transaction fees on Arweave, including storing data, retrieving data, interacting with permaweb applications, and sending AR coins
AR has a maximum supply of 66 million, and 55 million AR were minted when the Arweave main net went live in June 2018. The remaining 11 million AR will be minted as block rewards for Arweave nodes
πAR Cryptocurrency Price Analysisπ
ARβs price mirrors that of Solanaβs SOL coin, and thatβs no coincidence. This is because Arweave stores all of Solanaβs blockchain data, and that requires purchasing AR
π΅οΈββοΈArweave Concernsπ΅οΈββοΈ
ARβs supply is heavily concentrated in the top 20 or so wallets. Arweaveβs is heavily reliant on Solana for the time being, and it hasnβt seen much in terms of actual user growth
π«Arweave Content Moderationπ«
Although Arweave brands itself as a permanent censorship resistant decentralized storage network, it also happens to have a content moderation policy.
Though reasonable, it could serve as an attack vector for the network in the future, especially if it remains as centralized as it is.
~~~~~
π Disclaimer π
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Arweave #Solana #Crypto #Blockchain
Watch Full Video on YouTube