|
Arweave AR |
BUY
|
|
£1.57 |
0.68 % (24h) |
|
|
Marketcap |
||
|
£103,094,163 |
||
|
Volume 24h |
||
|
£8,386,945 |
Description
Arweave (AR) is a decentralized storage network that aims to create a permanent, censorship-resistant "permaweb" for the world's most important information. It uses a unique "blockweave" structure and a "Proof of Access" consensus mechanism to ensure that data is stored forever and can be retrieved instantly. Users pay a one-time upfront fee in AR tokens to store data permanently, with the endowment designed to cover storage costs for hundreds of years. Arweave is a critical piece of infrastructure for preserving digital history, hosting decentralized websites, and securing the data behind NFT collections.