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Arweave AR |
BUY
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£1.38 |
3.01 % (24h) |
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Marketcap |
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£90,781,598 |
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Volume 24h |
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£13,086,374 |
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.