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Arweave AR |
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£5.88 |
-4.2% (24h) |
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Marketcap |
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£386,116,659 |
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Volume 24h |
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£35,385,872 |
Description
Arweave (AR) is a decentralized storage network that provides a permanent and scalable solution for archiving data.
Launched in 2018, Arweave enables users to store documents and applications forever, creating what is known as the "permaweb.
" AR, the platform's native token, is used to pay for data storage on the network, with the cost being a one-time fee that ensures permanent storage.
Arweave's innovative approach to data storage challenges traditional cloud storage models, offering a decentralized alternative that is secure, immutable, and censorship-resistant.