ARWEAVE - PERMANENT STORAGE AT ITS BEST

jayhk (38)in #storage • 6 years ago (edited)

DATA STORAGE

You may ask what is data storage? It is the process of recording information in any device that can keep them for future references.Data storage is very important as data is stored for reference purposes,and if this data is loosed at some point there could be problems that will arise.Our blockchain already has a few problems with data storage which will be talked about .Data is not stored directly on the blockchain,instead it is stored on third party apps that are already pre integrated with the blockchain network.So as to be able to store necessary information.This method is used because the fees to get an onchain storage is extremely expensive.Thereby making provision for charges to be paid whenever content is being searched for on this very third party apps .This also has plenty disadvantages such as;

When those third party apps develop issues needed information will not be reachable until they have solves the challenge they are faced with .Blockchain users will be shut out of their data.
Data are never stored permanently which means if any thing goes wrong it can result in a loss of valuable data.

Over the years the demand for data storage has been on the increase.There is an urgent need for a low cost and decentralized storage model that can perform efficiently.This is very important for the progress of the blockchain network .

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All issues with data storage are easily solved with the ARWEAVE. You may ask how? stay glued.

       WHAT IS ARWEAVE?

This is under a new blockchain patterned model called the BLOCKWEAVE.Evidently Arweave is under Blockweave.

   WHAT IS BLOCKWEAVE?

This is a project created to ensure onchain data storage at very low fees which proves to be cost efficient.This is happening for the first time in the history of cryptocurrency .With the increase in the number of data stored on the system the amount of hashing necessary for consensus reduces thereby leading to a reduction in the cost of transaction Charges.

        ARWEAVE  IS BUILT ON FOUR IMPORTANT 
        TECHNOLOGIES NAMELY;

Blockweave
Wildfire
Blockshadows
Proof of access

(1) Blockweare:- The usual process in the
blockchain where all blocks must be stored so as to enable being able to function as a full node is a thing of the past as Arweave brings two new models that gives nodes the ability to perform key network functions without having to own the whole Chain.This is evidently a technological advancement as operations are carried out better with their models .This models will be well explained .

 The two models are;

Block hash list :- This is a list of hashes present on prior blocks.It permits verification of older blocks and upcoming new blocks to be well checked as well.
Wallet list :- This is a list if all functional and active wallets in the system.This permits transaction approval without possession of prior blocks in that very transaction.When both the block hash list and wallet list are integrated by the network and work together it will be made available for downloads by miners.Nodes are free to mine and weave instantly also.

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(2) Wildlife :-Arweave as we know by now is able to store large amount data, and also allows for speedy access to the data in context.Here we also talk about the cost free access to data in the Arweave model at the point of need.Wildfire is a system that resolves issues of data transfer in a decentralized network by ensuring fast response to data requests.

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(3) Proof of Access :- Arweave is modelled on the basis of (POA)and (POW) which are proof of access and proof of work . POW system depends solely on previous block so as to create each successive block.The POA on the other hand is different as the algorithm integrates data from randomly selected prior blocks.Together with the blockweave patterns, miners need not to store all blocks from a chain of blocks which is what we call BLOCKCHAIN .Instead they can randomly select whatever block they want .This is done with the help of POA and Wildfire,forming weave of blocks known as BLOCKWEAVE.

(4) Black shadow :-The blockchain system has a custom of whenever a new block gets mined, the very single block is shared to every node in the network.With or without caring about the amount if data node already processes.This is a very big waste of data,repeating this over and over again,there is also a reduce in the network speed.Block shadows will not only reduce the wasted data it will also increase the network speed.

      BENEFITS OF ARWEAVE

Easy access to data that has been stored
Low fees charged for storage.
Profits for miners for being in the weave network
Security is at its highest level because recorded contents will have timestamp and be listed in the blockweave.
Decentralized storage ensure easy storage as well
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 USE CASE 
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The use case of permanent storage is enormous and some have already been mentioned above .This benefits works especially with documents that would be needed in years to come .

    CONCLUSION

On my part, after studying the project and seeing its path, I must say its is a really promising project that has real USE CASE ,something that it actually plans to tackle.Nothing makes a token moon or grow more than USE CASE. I advice investors to take a good look at the project.

TOKEN DETAILS

Total supply :- 66million supply
Hard cap :- $8.7million
Price :- 1 AR = $0.74

Token distribution