ARWEAVE:THE BACK BONE OF DATA STORAGE..

jupitar (37)in #arweavecryptocurrency • 6 years ago

In cryptoworld today,each day and hour many traders and investors encounter problems associated or that rises in blockchain in terms of data storage. These problems are not ordinary because they require a third party protocols to be integrated on top of the blockchain and the fees are too high to afford. As the days goes by the demand or need for data storage becomes too high exponentially and the need for a decentralized low cost storage protocol becomes a necessity. In this article I will introduce a better and best low cost ways of storing data on blockchain without encountering any kinds of problems or the issues of high cost of storage services. Arweave is a new blockchain like structures called the blockweave. This blockweave is a platform designed to provides low cost storage of data. So as the amount of data stored in the system increases,the amount of hashing rate needed for consensus decreases as well thereby reducing the cost of storage data. Arweave system is designed in a way where the users and developers can easily build applications that interface with,create and use data from the network. These apps build inside the arweave system are very useful and functional always and in order to submit information to the weave,a small number of tokens will be required and this tokens are used to pay miners for their work in maintaining the weave and the network and also disincentivizing the propagation of spam.

 THE ARWEAVE TECHNOLOGY

The arweave is strongly built on four core technologies that work together to produce a low cost,high throughput and also a permanent storage on a new blockchain. these four core technologies includes
(1)Blockweave
(2)Wildlife
(3)Proof of access
(4)Blockweave

BLOCKWEAVE

One important aspect or work of every blockchain is the ability to store every block in order to be able to participate in validation transactions as a full node but these is not same with arweave, arweave brought ywk new concept that allows nodes to carry out key network functions with possessing the whole chain and this allows old blocks to be verified and new ones evaluated .

PROOF OF ACCESS
Arweave is basically based on proof of access (POA) and proof of work(POW). Proof of work depends on old block to generate each successive block ,while the proof of access algorithm incorporates data from a randomly chosen previous block. With this two technologies, the miners do not need to store all blocks but rather store any previous blocks.

WILDLIFE

As the blockchain of data storage, Arweave needs not only the ability to store large amounts of data in a most expedident manner possible. Wildlife on its own part solve the problems associated with data sharing in a decentralized network by carrying out the request on the network.

BLOCKSHADOWS

When a new block is mined,each block is been distributed to every node in the network ,nobmattrt how much the block data a node already possesses. This is a complete waste of data so arweave introduces a new technology that minimises this waste of data and enable a fast block consensus and massive transactions.

THE TEAMS MEMBERS

CONCLUSION
Arweave have really and completely solve the blockchain problems by enabling fast data storage and minimizes data wastage. Arweave is tightly woven into the fabric of the internet through its REST API and other several revenue generating businesses. Arweave and other cryptocurrencies, secure computation and smart contract protocols and these will enable a low cost and permanent data storage .