ICO. Arweave

Andrey Alekseevich
4 min readJun 8, 2018

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Currently, there are many ways to store and transfer data. If earlier they were regular floppy disks or disks, with very small memory capacity, then later began to appear different flash drives, hard disks, and with the advent of the global Internet network, the so-called cloud data stores became relevant. Anyone can create such a “safe” and the main advantage of this type of storage is that at any time and in any place the user can use this data. But not everything does not happen so radiantly and easily and against the background of all the pluses there are also disadvantages: The storage itself does not belong to you personally, but to any corporation or project.

The store is decentralized, which makes it vulnerable to various hacker attacks. The limited size and huge quantity of users, after all every day demand for such kind data storage only grows in a geometrical progression. Any information passes a complete filter (censorship) Any user can be identified by data stored on the cloud. Thus, we see that these problems give a significant disadvantage to modern cloud storage. And just with the solution of all these problems comes to us a project called Arweave What is Arweave Arweave is a kind of decentralized data warehouse that uses a specially created protocol for storing all data, which is based on the mechanism of access coordination.

This is a cheap, secure and completely anonymous way of storing data for any user. Project structure The entire system of this project consists of four technologies.

Let’s look at each of them:

1. BlockWeave — This is a unique blockchain protocol, consisting of two concepts:

1) A complete list of all hash blocks. This allows you to evaluate all new and old units

2) A complete list of all the system wallets. With this, you can check all transactions without the need to run the block itself, in which it was conducted. Thus, joining these two factors together allows users to very quickly connect and operate on the network.

2. Proof of Access — This model allows you to take data from any block, regardless of its location. Thus, users do not need to store all the blocks anymore, since the information is available from any of them.

3. Wildfire — Solution of the problem of sharing data on the network. It is based on a ranking system that allows you to estimate the speed of distribution of new blocks and transactions among all participants of the local network.

4. Blockshadows Information about ICO Name of the token:

AR Hard cap: 8 700 000 $ Tokens for sale: 38.5%, of which:

1) Seed-sale in 2017: 10.8%

2) Partners: 7.1%

3) Private sales: 19.5%

4) Public sale: 1.1%.

Not a little important and positive point is that the tokens that will be given to all users at the time of the ICO will not freeze.

Unfortunately, the exact date of ICO is not yet known, but already now anyone can fill out all the data of the white sheet and wait for further instructions from the project team. Tokens that will be divided between the team and allocated for the development of the project will be frozen for a period of 5 years.We can say that this is good news, as there will not be a total plum.

Project partners

The project team

It is worth paying attention to the project team. The British do not include (William Jones and Sam Williams) who were teachers at the university. In addition to them, the team includes various experienced programmers. Summarizing, we can say that the project has a fairly large perspective.

If we consider it at the global level, then the idea of

the team will save you a lot of money in the future, as the information becomes more and more every day and the issue of its storage will always be relevant.

Website: https://www.arweave.org
Facebook: https://www.facebook.com/ArweaveTeam/
Twitter: https://twitter.com/ArweaveTeam
Telegram: https://t.me/arweave
Bitcointalk: https://bitcointalk.org/index.php?topic=3485308.0

Telegram: @miw1991
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1950107

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