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Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data forever.
Arweave is built on four new technologies-
Blockweave - Arweave – a new blockchain-like structure called the block weave. The block weave is a platform designed to provide scalable on-chain storage in a cost-efficient manner for the very first time. It uses ongoing verification where miners will download the current block and retrieve the block hash and wallet lists from the current block. New miners can start participating immediately without verifying
the entire weave themselves
Proof of Access- Arweaves consensus mechanism is based on Proof of access (PoA) and proof of work (PoW). In proof of access, miners do not need to store entire blocks, but it can store any blocks can store any previous blocks, incentivized by PoA and wildfire, forming a weave of blocks, a block weave.
Wildfire-
Each node in the Arweave network ranks its peers based on two factors
Based on its generosity- sending new transactions and blocks.
Peer responsiveness- responding promptly to requests for information and how soon they reply to inquiries to ensure this.
Blackshadow- It helps to minimize the waste of data and also enables fast block consensus and massive transaction throughput. Blockshadowing sends a "shadow" that allows peers to reconstruct a full block, instead of transmitting the full
block itself.
Arweave stores the data permanently using an endowment pool model. AR tokens in circulation are held either in wallets or in the endowment pool. The user has to pay some AR as a transaction fee for converting a transaction into blocks. Most of the transaction fee is contributed towards a storage endowment, which is distributed to the wallets of miners over time.
Features-
Transactions per second 1000
Block time- 2 min
ARUSD surged more than 65% in the past ten days. It hit a high of $12.81 and is currently trading around $11.48.
The bullish invalidation can happen if the pair closes below $7.50. On the lower side, the near-term support is $10. Any break below targets $9/$7.55. Any breach below $7.50 will drag the pair to $6.60/$5.
The immediate resistance stands at around $13. Any breach above confirms bullish continuation. A jump to $15/$18 is possible. A surge past $18 will take it to $20/$27.50.
It is good to buy on dips around $10 with SL around $7.50 for TP of $15/$17.80.
