What is Arweave? Explain Like I’m Five

So, Why Now?

“With the development of television, and the technical advance which made it possible to receive and transmit simultaneously on the same instrument, private life came to an end. Every citizen, or at least every citizen important enough to be worth watching, could be kept for twenty-four hours a day under the eyes of the police.”

Growing size of the global data economy

We’ve Solved This with the Blockweave

The blockweave is a blockchain-like structure designed to enable scalable on-chain storage in a cost efficient manner for the first time. As the amount of data stored in the system increases, the amount of hashing needed for consensus decreases, thus reducing the cost to store data. When compared to the number of miners currently on SiaCoin, Arweave would be able to increase TPS many fold, and lower the long-term cost of storage dramatically.

Proof of Access

We realised that current consensus mechanisms (like Bitcoin’s) were unsustainable with their ridiculous energy usage just to keep the system alive. We then came to the further realisation that you could produce a positive externality instead of a negative one to form consensus.

Wildfire

Wildfire is the Arweave’s self-organising network topology system. Wildfire ensures that miners are selfishly incentivised to store and share data as quickly as possible with other miners in the network, in order to build a positive reputation.

Blockshadows

In order to support a network that allows for long-term on-chain data storage, the Arweave needs a system that supports unlimited sized blocks. The Arweave achieves this by using a system that decouples transaction distribution from that of block distribution in the network. This allows only a ‘shadow’ of the block to be moved around the system (the instructions necessary to rebuild the block from its constituent transactions), rather than full block itself. This means that the information required to process large blocks can be distributed across the network in just a few kilobytes

Use Cases and Apps

In broad terms, Arweave is the killer decentralised blockchain whenever large amounts of data need to be stored, because of the unique proof of access consensus mechanism.

  1. Decentralised data storage:

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A novel data storage blockchain protocol enabling a permanent serverless web and creating truly permanent data storage for the first time.

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The Arweave Project

The Arweave Project

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A novel data storage blockchain protocol enabling a permanent serverless web and creating truly permanent data storage for the first time.