Arweave: Crypto Data Storage Guru
The Prevailing Issues
Existing blockchain innovations have not been able to come out of the stereotype that blockchain technologies have to operate on full node in order to maintain and confirm subsequent transactions. This idea is limiting performance enhancement efforts being made to improve storage, speed and scalability.
Arweave Data Storage Innovation
Arweave ICO and AR Token technologies have taken the crypto world by storm by offering a novel data storage blockchain protocol service. Designed with a proof of access consensus mechanism, Arweave is a novel technology that operates on the principle of facilitating an onchain data that is permanent and low on storage cost and truly censorship-free.
Arweave Uniqueness
The uniqueness of Arweave is found in its category of four layers. Each of these layers present novel ideas that other blockchain tech do not.
Blockweave: This layer operates on two principles of, one, a hash-list of data blocks which enables users to properly verify old blocks and assess the value of potential new blocks. Secondly, a catalog of files which enables users to check current transactions without necessarily having to possess a block from preceding transaction.
Proof of Access: The consensus mechanism of Arweave operates on two modules of: proof of access and proof of work. The proof of access is an algorithm that activates data from an arbitrarily chosen block from previous transaction.
Wildfire: Wildfire involves a decentralized problem-solving system of data sharing. It facilitates a quick execution of data requests. Each node is given a ranked through Wildfire local ranking system. This is done to determine the distribution of blocks in each transaction.
Blockshadows: Blockshadows is another layer of Arweave that in the interim separates blocks from transaction. It consists of a hash-list of wallets and transactions. The process of decoupling transaction from block is to ensure that a full block is restored rather than transferring it.
Conclusion
With a self-organising and decentralized network, Arweave has a huge future as it allows the network topology to adapt independently for self-optimization, low-latency, and bandwidth data writing
Team
Advisors
To learn more about Arweave, kindly visit the links below
Website: https://www.arweave.org/
Telegram: http://t.me/arweave
Twitter: https://twitter.com/ArweaveTeam
Facebook: https://www.facebook.com/ArweaveTeam/
Reddit: https://www.reddit.com/r/Arweave/
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1811995
Great project we have here, great analysis and conclusion :)