REVIEW | ICO | Arweave

          Every day we work with a lot of data, it can be anything: articles, books, reports, abstracts, anything.  Imagine that at one point all this will disappear.  For example, in the library there may be a fire or a server failure.  And then what?  All that has accumulated so much time, all these valuable records will be lost.  And if it's documents?  And there is no sense in talking about physical data stores, you can say that it's in the past, all the archives, books, materials are digitized, but what to do with Internet resources, for example.  After all, they also do not guarantee the safety of storage.  We can conclude that we should pay attention to this problem in order to ensure the integrity and safety of the necessary data.  It is the creation of such a solution that deals with our today's review.  Arweave.  

• About the Arweave platform 
• How the platform works 
• ICO details 
• Conclusion 

          Arweave is a decentralized platform that will ensure the security, reliability of data storage and fast and convenient use.  You can use the platform to store and share data.  For example, you can create archives in medical institutions, create knowledge bases, store documents, opportunities are not limited, you can think of anything you like.  Why is this useful?  Yes, because you can not be afraid of losing all the most important data, while avoiding other problems that exist in typical decentralized systems in the present.  The platform operates on the basis of four technologies, which together provide a highly scalable, permanent, safe and inexpensive data warehouse.  

How works

          Above we mentioned that the platform uses for work four innovative technologies that are responsible for the implementation of all conceived, all those advantages that the platform promises.  Among these advantages are speed of operation, ease of use, low maintenance costs, reliability in the preservation and integrity of data, and others.  Now I propose to consider what kind of technologies and how they work.  

          Let's start with the first one, called Blockweave.  This is a blockbuster project Arweave.  It is this component that will be responsible for creating an inexpensive network storage.  It works so that when the amount of stored data increases, the hash data that is needed for the consensus process is reduced.  This also reduces the cost of data storage.  Data becomes part of this consensus mechanism, and this allows you to pay for the stored data only once, and store them there as much as you want.  But, for example, some cloud storage do not give you access to data if you have not paid a fee for use.  Since we are talking about a consensus mechanism, let's look at it in more detail.  

          Proof of Access is a new consensus mechanism, which unlike typical PoW uses not an exponential amount of electricity, but on the contrary it allows to reduce energy consumption in the future.  The next object of discussion is Wildfire, a mechanism for stimulating the miners to exchange data.  The faster the data is transmitted through the miners on the network, the easier it will be for them to create a positive reputation.  Because nodes in block networks require fast access to data for efficient use, they encourage the rapid and continuous sharing of data with other members of the network, independently improving the exchange of experience and making this process much faster.  

          Blockshadows is a component that will be responsible for the long-term storage of data, by creating and maintaining chain blocks of unlimited sizes.  The system will separate the transactions from the blocks, and distribute them separately.  Shadow blocks that contain basic information will be moved throughout the system, rather than around blocks.  They will be ranked by the speed of work and data exchange, those that have very low speed will be eliminated.By cutting off low-performance nodes, the small size of such units, the overall data rate (5,000 transactions per second) will be increased, and the network will be free from overloads and malfunctions that are associated with them.  

Details ICO

           The platform will be supported by AR tokens, the value of which will increase as the use of the platform spreads and the network expands.  Tokens will pay for the services of the platform and stimulate the miners who contribute to the creation of the Arweave ecosystem.  Soon the sale of tokens starts, you can monitor how much time is left until the site is right.  And now more about the token: 

• Ticker: AR 
• Platform: Ethereum 
• ICO will start on June 7, 2018.  

          The platform synchronized the launch of the main network from the start of the sale of tokens.  For example, sales start on June 7, and the network starts on June 8.  

Conclusion

          This project attracts at least the fact that already has a product, you can see what it is and how it works.  It seems that the project is a serious competitor in the data storage market, despite the fact that there are already many similar solutions.  Innovative technologies used by the platform provide new useful opportunities, which may well become an integral part of our future.  This is an excellent option for preserving the most valuable that we have.

WEBSITE: https://arweave.org/
MEDIUM: https://medium.com/@arweave
TWITTER: https://twitter.com/ArweaveTeam
FACEBOOK: https://www.facebook.com/ArweaveTeam/
TELEGRAMM: https://t.me/arweave
GiHub: https://github.com/ArweaveTeam/arweave

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1835919