ARWEAVE : AN EXCEPTIONAL DIGITAL DATA STORAGE PLATFORM

ijsera (34)in #blockchain • 6 years ago (edited)

Blockchain technology got its full recognition and massive interest in year 2017. We’ve seen range of markets that have been transformed by applications built on this technology not minding the truly startling rise of
cryptocurrencies, While blockchain technology suddenly gained fame and begins to be applied across real-world use cases, issues have emerged around its underlying characteristics and one of its major issues is data storage.

THE CURRENT PROBLEM WITH DATA STORAGE

While blockchain gains more recognition and adoption, it’s not the only technology that’s straining existing storage systems. Other technologies also challenging the current boundaries of storage are Artificial Intelligence (AI), and particularly the Internet of Things (IoT).

There has been an estimation that by 2020 there will be over 20 billion connected devices , all of which will generate and then require management, storage, and retrieval of enormous amounts of data. The demand for storage are on the high because of connected devices, combined with consumer personalization apps and the increasing need to share data across business lines.
I. Businesses wanting to launch new,
II. Data-driven applications face a mountain of time,
III. Effort and coordination to provision new databases today.
This demand for a well off, more data-centric and data-heavy way of working has not been well delivered by the centralized data centers. It calls for great concern as commercial heavy dependency on data has led to extraordinarily large volumes of it being stored in vulnerable centralized databases thereby creating a risk thatay not be recoverable.

The surfacing of decentralized applications built on blockchain technology also creates new challenges, as massive volumes of data that need to be stored and managed will be exchanged. These challenges with data storage proves there is a need for a decentralized and reliable data storage system and that birthed the project ARWEAVE.

WHAT IS ARWEAVE

With the challenges stated out above and related to blockchain, Arweave visualized a solution that is dependent upon blockchain technology to offer a decentralized,secured, reliable, advanced and revolutionary data storage system.

With the increasing demand for safety, protection by laws, easy accessibility and data monetization all made on data storage which were as a result of loss of data from hurting incidence such as cyber-attacks which has led to loss and compromise of data, leaving irreplaceable effects..
Arweave’s solution is cryptographic with a decentralized architecture

WHY IS ARWEAVE UNIQUE

Someone may wonder why Arweave is considered over others. However, right from the beginning of their journey, Arweave has been on the right rail in bringing about a platform that will maintain history in its original nature while changing the course of history. Arweave has been utilizing a testnet to try and evaluate how their products will work and whether they will achieve the set objectives.

As regarding the digital direction which the world is following, Arweave is the right data storage solution. Just think about all the data that needs to be secured, it’s an enormous amount but let us look at some institutions that will profit significantly from a fully working Arweave platform;

Hospitals
It’s evident one of the leading hospitals in Europe has collaborated with Arweave and will use the journal of raw data to store the data they realize every day. Hospitals require records to be intact and permanent once made as they include diagnosis made on patients. Patient history is essential for doctors to make decisions in the future based on the diagnosis and treatments patients have had in the past basically for severe diseases. These records may also be necessary for surveys and studies. By using Arweave, hospitals will be assured that their records are safe and can be easily accessed at anytime they please.
Academic institutions
Tertiary institutions are some of the best places to find new and creative innovations. These innovations may be world changing but their creators may not get to see the fruits of their labor due to intellectual property infringement. Arweave can help secure intellectual property from various as its platform stored data immutably and forever. The problem of plagiarism can also be swiftly solved through Arweave. When work is stored in Arweave, it can be traced to the original creator of that work if the content is copied. This can be made possible through the development of applications within the Arweave protocol. Arweave’s protocol design includes REST API which makes it easier for developers to design apps that will work seamlessly with Arweave. The journal of raw data will play a crucial role in supporting apps designed for such detecting parts.

3.Democracies
Every electioneering period, voters have to weather through all the speculations of corruptions and hope that their vote will genuinely count once they cast them. Some election results have been hardly believable but most times, there is hardly any concrete proof that the courts may accept. There are also severe repercussions that may arise from an overturned election especially in hotly contested seats. Democracies will find the Arweave platform especially useful in voting exercises. Voting in Arweave will be tamper proof with each individual vote having the weight it is supposed to have. Every vote cast using the Arweave platform will be cryptographically linked with every other vote such that any irregular vote that was not made by a voter holds no water in the elections. With the right tweaks, this system can even be used for voting in other institutions just as a measure of transparency which may significantly increase the confidence voters on their elected leaders.

4.Developers
As mentioned earlier, Arweave uses REST API to make it easier for developers to build applications running on the Arweave protocol which can be transcribed in any language thereby supporting all developers that may want to join Arweave. Developers can create an app that will help the features of Arweave or even show their creative side by coming up with those that indeed show the extent of Arweave. They could work with various institutions to solve unique data solution problems through the Arweave platform.

5.Government institutions
These can benefit from the journal of raw data that is supported by Arweave. The data generated by the government daily is enormous and essential for serving the citizens that enable this data to be produced. Safeguarding citizens’ input is a top priority for government institutions, and they may find that the Arweave platform is up to the task. Records on births, identity, and tax status can be kept in their original format with an assurance that the data will be stored without any possibility of interference.

Besides, by keeping a permanent record of the internet, all data published on the internet will remain accessible to everyone from the time it is released. It will also prevent the alteration of historical facts by remaining as hard evidence to what happened during a specified period.

HOW ARWEAVE WILL ACHIEVE THIS GREAT FEAT

Arweave is improving data storage by adopting these steps;

BLOCKWEAVE
The adoption of blockweave enables safe decentralization without utilizing the entire chain. The main aim is to establish an improved level of scalability with speedy validation and low cost. Using its block hash and active wallet list,, there won’t be engagement of the last transaction block while verification of transaction is being executed. An affordable and scalable platform with lower costs and increasing data is guaranteed as the volume of hashing necessary for consensus reduces when more data is added to the framework.
PROOF OF ACCESS

Here accesses are given to miners to maximize the mining process which encourages decentralization of data storage. The miner is not storing all blocks. There would be reduction in the amount of electricity to be used that’s encouraging saving in electricity. Arweave ensures the saved hashing power is added to the system.

3.WILDFIRE
The adoption of wildfire is simply amazing as it sets up a competitive environment that sees users as the champions. It specifically delivers the requested data for the user that called for it. With wildfire ranking system which ranks miners that avoid the swiftness of their response to data request, selecting passive miners on the platform and forcing them out. It’s made for active miners. Knowing that it’s a peer-to-peer data sharing platform

4.BLOCKSHADOWS

Blockchain is known for its large volume of data with its large data storage. Blockshadow enables the transfer of blocks utilizing minimal storage space. Blockshadows are good with providing relay speeds of information. Arweave is targeting to have a platform with transaction speed at 5000TPS.

Final thoughts
Arweave is also managed and controlled by a team of developers and advisors that are dexterous enough to deliver the claims made on their site and literature if everything goes according to their roadmap.

Arweave has a great project, and the concept may not be as new, but it can stand out in execution and their natures such as Blockweave and wildfire. Arweave is indeed an exciting and promising protocol.

TOKEN INFORMATION

For now, the Arweave platform will run on incentives. Arweaves is gifting its token to miners based on activities they could accomplish. With this adoption in place, miners will be fast in fulfilling request as they roll in.

TEAM
ARWEAVE has versatile and well-experienced specialities to give make this project a success