ARWEAVE A HIVE FOR DATA STORAGE

https://goo.gl/images/5g77qJ

The invention of the computer was one of the brightest things that have happened to us. It has faced with herculean task of how data is managed because information stored in computers is read in digital form and need to be stored. IBM produced the first storage device the hard disk drive and the floppy disk. The hard disk then use to be gigantic components that needs to be carried on trucks to delivery points. See one below

https://goo.gl/images/OZzcLV

Figure1: IBM shipping a 5mb hard disk in 1956

This kept improving and data storage devices can now be carried in our pockets. Technology kept evolving over time we have had the internet which has shocked the world and lead to massive globalization. Then recently the blockchain technology which is making waves around the world in recent time. Blockchain was first design to introduce cryptocurrency bitcoin but the so many advantages of blockchain technology is resurfacing, which implies that aside the cryptocurrency aspect other use are available and this has represented itself in banking, insurance, agriculture medicine etc. thus far, every innovation needs continues improvement following some lapses that may present itself as the usage increases. For example the blockchain technology interoperability issues are becoming a concern following huge usage and scalability issues. This has led to several fork and sidechains coming of the bitcoin blockchain and the etheruem blockchain are also developing other side chain to improve on scalability. Scalability issues are not far from data management including storage. Billions of data on the internet and blockchains need to be stored and can be reached as easily as possible. Contemporary data storage is stored in a centralized system, and most times organizations tend to delete their data over time to allow space, but how about the decentralized system which is the main purpose of the blockchain, where data can be stored in a cloud in a transparent and trustworthy system. Arweave have answers for all of that.

Arweave is building an ecosystem that will allow improved scalable transactions and data access in a decentralized protocol. It allows a blockchain data storage that is accessible in a consensus mechanism meaning parties have to be in agreement before access is allowed. The Arweave protocol which is the blockweave is an improved distributed ledger that is fast and requires lesser consensus as the amount data in the system increases. Meaning it will cost less to access that and because the number of hashing reduces. This will help industry store there data in cheap, low cost and fast protocol as need for data storage is increasing. One of the main features of the blockweave is the blockshadow, which allows only needed data to be scanned and provided in a particular block rather than scanning a whole block with huge height wasting time and energy.

Arweave has created the first solution to hashing power process which consumes so much energy and cost, allowing a new revolution to blockchain technology process which at the moment has some draw backs.

Arweave is offering the public and opportunity to be part of this revolution in an ICO process
please see more information

Website: http://www.arweave.org/
💡 Lightpaper: https://arweave.org/files/arweave-lightpaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2066098
💻 Telegram: https://t.me/arweave

Author Bitcointalk username: @baoli
Eth address: 0xC2933176a9be2116721A2681e042111Ad22F8266