Arweave is a decentralized storage protocol built on blockchain technology. It enables users to securely and permanently store documents and applications across a network that connects individuals with extra hard drive space. The system works by matching those who have available storage with those seeking to host data or content. Users can access the content hosted on Arweave, which uses its native cryptocurrency, AR, with a capped supply of 66 million AR tokens. The protocol's core consists of a unique structure called a blockweave and a long-term storage fund. Arweave employs a novel mining process involving the creation and validation of Succinct Proofs of Random Access during block production, where miners (data providers) earn AR rewards for storing and replicating data. The more data...
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