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1. Basic situation of AR

The Arweave project was launched in April 2017, and the mainnet was launched in June 2018.

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2. AR Token Economic Model

AR will flow among three participants in the ecosystem, service providers (miners), service users (users), and token holders.

Service users pay fees to miners, and miners' income comes from block rewards and transaction fees. Currency holders enjoy the benefits of AR token appreciation.

Compared with the space-time proof and replication proof that Filecoin built to solve the problems of whether miners have stored data and whether they have cheated block rewards, etc., it has caused its own complex system. The token model of AR is very intuitive and concise, and this design is also destined to establish a place for AR in the storage field. The AR protocol has a philosophy of simplicity.

1. The application scenarios that can use Arweave are as follows:

2. Permanent personal file cloud storage space

3. website database

4. Enterprise shared storage space

5. Censorship-resistant encyclopedic knowledge base

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The total amount of AR is 66 million (11 million miners are rewarded, the total circulation is 43.85 million, and the current total market value is about 190 million U.S. dollars; the team locks part of the warehouse for 5 years, releasing 20% ​​every year, retaining the lock for five years, releasing 20% ​​every year .

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4. Technical Highlights

POA consensus mechanism

Wildfire

Proof of Access is a brand new consensus method. Every time a new block is generated, a previous block must be verified at the same time. Nodes do not need to store all block content. Whenever a new block appears, a previous random block will be selected for verification, and the block can only be produced if the verification is passed. Optimized POW reduces power waste.

Blockshadow

Blockshadow is the information sent by each block producing node to other nodes, and it only contains the hash value of a block header. It can speed up the consensus and expand the throughput.

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V. Financing

Arweave has continuously received financing from top investment institutions in the circle, indicating that institutions are optimistic about the project in the long run.

AR focuses on permanent storage on the chain. As a star project on the storage track that has been favored by top institutions, it still has a good room for development from the perspective of market value.

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7. Team background

Sam Williams Co-Founder & CEO：The team members are basically from overseas backgrounds, and all have senior knowledge and achievements in the distributed storage sector.

William Jones Co-Founder & CTO：University of Kent Computer Ph.D student

Jesper Noehr：University of Kent Computer Ph.D student

Jeremy Epstein：Advisor, Founder of Bitbucket. (Quit Atlassian) Decentralized storage is an inherently difficult engineering challenge, and it seems to me that the Arweave team is not only well-suited to solve this problem; I've been really impressed with everything they've made and their insights.

Author of "The Power Marketing Organization" After working with the founders of world-class projects like Zcash, I am proud and excited to be an advisor to Arweave. I believe this unique technology, along with projects like SALT, Endor, and DAOstack, will form the basis for the next generation of a truly global, distributed, scalable ecosystem that will improve the lives of millions of people. The passion of the team gives me confidence in their ability to realize their vision.