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(1/15)
#Arweave protocol/network leads the pack in permanent, decentralized, censorship-resistant data storage
Pay once, store forever (~200yrs)
Permanent storing & hosting for NFTs & Web3 apps
Thread
#Arweave protocol/network leads the pack in permanent, decentralized, censorship-resistant data storage
Pay once, store forever (~200yrs)
Permanent storing & hosting for NFTs & Web3 apps
Thread
(2/15)
Arweave Proof-of-Work (PoW) is free from âstate bloat,â so less risk to decentralization
How?
Arweave-Solana bridge
https://arweave.medium.com/introducing-solar-an-arweave-solana-bridge-for-housing-high-performance-blockchain-data-on-arweave-229a28eaa65d
&
https://medium.com/solana-labs/announcing-the-solar-bridge-c90718a49fa2
Arweave Proof-of-Work (PoW) is free from âstate bloat,â so less risk to decentralization
How?
Arweave-Solana bridge
https://arweave.medium.com/introducing-solar-an-arweave-solana-bridge-for-housing-high-performance-blockchain-data-on-arweave-229a28eaa65d
&
https://medium.com/solana-labs/announcing-the-solar-bridge-c90718a49fa2
(3/15)
New use cases:
1. Improved data access
(SPoRA) prevents remote storage on servers like AWS, emphasizing speed of access, but does not prevent pooling:
https://github.com/ArweaveTeam/arweave-standards/blob/ans-103/ans/ANS-103.md
New use cases:
1. Improved data access
(SPoRA) prevents remote storage on servers like AWS, emphasizing speed of access, but does not prevent pooling:
https://github.com/ArweaveTeam/arweave-standards/blob/ans-103/ans/ANS-103.md
(4/15)
Arweave use cases continued...
2. Data âprovenanceâ
3. Authenticity (proof-of-existence)
4. Incentivized data storage
#Arweaveâs Endowment Pool is geared towards long-term sustainability.
https://www.arweave.org/yellow-paper.pdf
Arweave use cases continued...
2. Data âprovenanceâ
3. Authenticity (proof-of-existence)
4. Incentivized data storage
#Arweaveâs Endowment Pool is geared towards long-term sustainability.
https://www.arweave.org/yellow-paper.pdf
(5/15)
Arweave use cases continued...
5. Permaweb: Arweaveâs application layer, a âGlobal community-owned webâ
- Provides all the #DeFi building blocks (Currently used by #Uniswap, #Compound, #Solana (SOLAR bridge)
https://arweave.medium.com/welcome-to-the-permaweb-ce0e6c73ddfb
Arweave use cases continued...
5. Permaweb: Arweaveâs application layer, a âGlobal community-owned webâ
- Provides all the #DeFi building blocks (Currently used by #Uniswap, #Compound, #Solana (SOLAR bridge)
https://arweave.medium.com/welcome-to-the-permaweb-ce0e6c73ddfb
(6/15)
Arweave use cases continuedâŠ
6. Profit Sharing Communities (PSCs)
âopen-source âcompaniesâ that pay out an immediate dividend on profits.â
- Bootstraps dev activity
Generate income w/ Profit Sharing Tokens (PSTs)
https://www.arweave.org/profit-sharing-communities
Arweave use cases continuedâŠ
6. Profit Sharing Communities (PSCs)
âopen-source âcompaniesâ that pay out an immediate dividend on profits.â
- Bootstraps dev activity
Generate income w/ Profit Sharing Tokens (PSTs)
https://www.arweave.org/profit-sharing-communities
(7/15)
#Arweave Disadvantages:
Users pre-pay for future storage costs, so the data must be available for long-term
Increased adoption = exponential growth of data (today itâs over 8.5 TB) Miner centralization is a real problem, but miners donât need to store the entire âWeaveâ
#Arweave Disadvantages:
Users pre-pay for future storage costs, so the data must be available for long-term
Increased adoption = exponential growth of data (today itâs over 8.5 TB) Miner centralization is a real problem, but miners donât need to store the entire âWeaveâ
(8/15)
Arweave must incentivize miners to stay online because fewer data replications = less secure permanent data storage
Solution: âProof-of-Accessâ
Arweave must incentivize miners to stay online because fewer data replications = less secure permanent data storage
Solution: âProof-of-Accessâ
(9/15)
Arweaveâs PoW incentivizes miners to store ârareâ data chunks as the network becomes too large for anybody to store a full node.
Their current pricing mechanism adjusts AR (their native token)/Mb cost during volatile price swings, w/o heavy reliance on external oracles
Arweaveâs PoW incentivizes miners to store ârareâ data chunks as the network becomes too large for anybody to store a full node.
Their current pricing mechanism adjusts AR (their native token)/Mb cost during volatile price swings, w/o heavy reliance on external oracles
(10/15)
#Arweave Exploit: âSacrifice Miningâ
Miners upload data without sharing, increasing the chances of a reward in the future.
- Good for the endowment, but not productive storage.
https://arweave.news/arweave-miners-are-sacrificing-their-ar/
#Arweave Exploit: âSacrifice Miningâ
Miners upload data without sharing, increasing the chances of a reward in the future.
- Good for the endowment, but not productive storage.
https://arweave.news/arweave-miners-are-sacrificing-their-ar/
(11/15)
Data storage on Arweave should remain affordable long-term
However, w/o an incentive for nodes to act as gateways, thereâs no guarantee for timely data retrieval
Arweaveâs solution = http://amplify.host (a consensus protocol for an incentivized Permaweb gateway
Data storage on Arweave should remain affordable long-term
However, w/o an incentive for nodes to act as gateways, thereâs no guarantee for timely data retrieval
Arweaveâs solution = http://amplify.host (a consensus protocol for an incentivized Permaweb gateway
(12/15)
Amplify & Arweave source tweet: https://twitter.com/ArweaveTeam/status/1381601940757487620?s=20
Amplify & Arweave source tweet: https://twitter.com/ArweaveTeam/status/1381601940757487620?s=20
(13/15)
Future unknowns:
Arweave is a pioneer in a burgeoning field, so we really donât know how all the moving parts and technologies will evolve.
Those unknowns pose a risk when considering the sustainability of Arweaveâs long-term incentives.
Future unknowns:
Arweave is a pioneer in a burgeoning field, so we really donât know how all the moving parts and technologies will evolve.
Those unknowns pose a risk when considering the sustainability of Arweaveâs long-term incentives.
(14/15)
Does Arweave outdo #Filecoin?
Filecoin = temporary storage (decentralizing Amazon S3)
Arweave = permanent storage
Strong flex article on #Arweave
https://cryptocalibur.com/arweave-bull-case/
Does Arweave outdo #Filecoin?
Filecoin = temporary storage (decentralizing Amazon S3)
Arweave = permanent storage
Strong flex article on #Arweave
https://cryptocalibur.com/arweave-bull-case/
(15/15)
The Web 2.0 model is broken.
#StoreYourTruth forever.
Congratulations @ArweaveTeam on your success thus far!
Nothing in this thread is financial advice.
The Web 2.0 model is broken.
#StoreYourTruth forever.
Congratulations @ArweaveTeam on your success thus far!
Nothing in this thread is financial advice.
