ARWEAVE — SOLUTION TO BLOCKCHAIN DATA STORAGE PROBLEMS

lynkels (36)in #blockchain • 6 years ago

Recently, blockchain technology has been majorly associated with data storage problems. And these problems call for a third party to be integrated in order to support and carry on shoulder the existing blockchain technology. Blockchain has a notable price or fee for storage to be feasible and with typical blockchains, this is always going to cost to access information and data.

Due to the fact that information storage grows exponentially, the need for a decentralized low fee data silos (storage) protocol that can scale is now a necessity. Due to this necessity ARWEAVE has emerged to solve these problems.

What is ARWEAVE?

ARWEAVE is a platform that gives attention to few major issues or problems in today's online data space such as centralization, censorship, monitoring and the fast high demand for online data silos (storage) that can be truly possess and controlled by users. ARWEAVE is based on four major key technologies that works together to develop a highly scalability (about 5000TPS) and stable storage that costs considerably lower than most of the existing competition. These four major key technologies are discussed below:

Blockshadows: This platform (ARWEAVE) aims to develop a long term on chain data silos (storage) and to make that come to pass, the network has to give their unlimited size blocks. ARWEAVE makes use of a system that breaks into two transaction distribution in the network. Only a shadow (such as transaction hashes, wallets list hash) of the block is moved around the system instead of the full block itself. This gives way for higher speed and durability topping at around 5000 transactions per second. The shadow blocks are blocks that contain assets, yet very low in size, data that can be moved in the system allowing for high speed and no congestion.

Blockweave: This is the blockchain technology structure that is behind ARWEAVE's project and this allows low cost on chain storage (silos). As the sum of information store increases, the sum of hashing needed for consensus mechanism, but most importantly, it provides ARWEAVE's users the capacity to pay once and store forever.

Proof of access: A fresh consensus mechanism rather than competing who can solve tasks (i.e puzzle) and use exponential sum of electricity (such as common PoW consensus mechanism). Miners will complete which can replicate the data information and assures that the energy electricity used while mining will definitely decrease over time.

Wildfire: This is on incentive mechanism that catalyse miners to share or distribute date with each miners the network, the simpler it will be for a miners to build positive integrity. As a branch in blockweave network, which requires fast access to data in order to mine in an efficient way, they are incentive to distribute information to other users of the network rapidly and continuously, autonomous improving the sharing experience by making it must faster.

ARWEAVE's user cases

Decentralized data storage: Users and corporate documents can be stored for a single fee rather than monthly subscription.

Decentralized data sharing: Content (information) can be uploaded anonymously and share with anybody. Calculated pricing function that give way for load-balancing demand and supply at fair prices.

Decentralized data collaboration: It gives way for availability of experimental databases for review meaning anyone can confirm it's quality.

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