ARWEAVE: Welcome to the Future of Data Storage

in #cryptocurrency6 years ago (edited)

Data are basic facts and statistics gathered for reference and analysis purposes. The processing of these facts is done by a computer system which are stored and transmitted in the form of electrical signals.
We live in a digital world where data is daily required. Individuals and corporate bodies need information for different tasks including retrieving archived documents up to a certain number of years, media reports, academic records, research works and many more.
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Although, there is a typical blockchain system that is used mainly for storing data but yet, faced with diverse data storage issues which might require a third-party protocol to act on existing blockchain but definitely at a cost. The typical blockchain first, does not store data permanently which literally means the result derived might not be genuine but yet attracts high charging fee.

INTRODUCTION TO ARWEAVE
The latest blockchain system called ‘Blockchain Weave’ is a trusted platform created to provide scalable on-chain storage. It is a new data storage blockchain protocol built on novel-proof of access consensus mechanism where data are stored permanently. This system is the first-ever platform offering such function and at a low-cost with censorship absolutely FREE.

BENEFITS OF USING ARWEAVE
• The server running the cloud on this network is Arweave enabled which makes it easier for more than one Arweave nodes to interact while reading and writing data on behalf of clients.
• Developers can also connect applications without servers to Arweave, and these applications will also be able to write consistent and genuine data to the network.
• Arweave is a decentralized network that is associated with public data which gives room for anybody to access all types of facts.
• The system is trustworthy and provable.

HOW ARWEAVE WORKS
ARWEAVE stores data permanently at a reduced cost on a new blockchain using four (4) major technologies.
• Blockweave: It is a new distributed ledger which enables every block to be stored for validation as a full node. It runs a blockhash list where old blocks are verified and effectively evaluated. It also runs a wallet list that keeps every active wallet on the system in check. With both the block- hash list and wallet list, networks within the system will be easily synchronized and available for downloads by any user.
• Proof of Access: The system uses a Proof of Access (PoA) algorithm to incorporate data from random choices made from previous blocks and a Proof of Work (PoW) network to generate each successive block.
• Wildfire: This is used in solving data sharing problems in a decentralized network by ensuring consistent fulfillment of data requests on the network. It establishes a ranking method linked to each node that ensures speedy distribution of blocks.
• Blockshadows: This automatically decouples transactions from blocks, and sends nodes within the system to grant users access to reconstruct a full block. Result derived from this technology is speedily distributed within the network and consensus on blocks is successfully achieved.

ARWEAVE TEAM
ARWEAVE team is comprised of practiced decentralized tech designers, computer scientist, research experts, data analyst, web developers, digital artist, and many more technological gurus.

CONCLUSION
With over $3 trillion data-storage industry, ARWEAVE presents to you a cheap, distributed, and permanent blockchain storage system solving every historical problem affecting decentralized data availability. The aim of the system is to connect the world in an open, fair and secure way.

Website: http://www.arweave.org/ for more information
Telegram: https://t.me/arweave
Facebook: https://www.facebook.com/ArweaveTeam/
Lightpaper: https://www.arweave.org/files/arweave-lightpaper.pdf
Medium: https://medium.com/@arweave
Twitter: https://twitter.com/ArweaveTeam

My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1708600;sa=summary
my bitcointalk username: sparklins4u

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