(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 “state bloat,” so less risk to decentralization
How?
Arweave-Solana bridge 👉
arweave.medium.com/introducing-so…
&
medium.com/solana-labs/an…
Arweave Proof-of-Work (PoW) is free from “state bloat,” so less risk to decentralization
How?
Arweave-Solana bridge 👉
arweave.medium.com/introducing-so…
&
medium.com/solana-labs/an…
(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:
👉
github.com/ArweaveTeam/ar…
New use cases:
1. Improved data access
(SPoRA) prevents remote storage on servers like AWS, emphasizing speed of access, but does not prevent pooling:
👉
github.com/ArweaveTeam/ar…
(4/15)
Arweave use cases continued...
2. Data “provenance”
3. Authenticity (proof-of-existence)
4. Incentivized data storage
#Arweave’s Endowment Pool is geared towards long-term sustainability.
👉
arweave.org/yellow-paper.p…
Arweave use cases continued...
2. Data “provenance”
3. Authenticity (proof-of-existence)
4. Incentivized data storage
#Arweave’s Endowment Pool is geared towards long-term sustainability.
👉
arweave.org/yellow-paper.p…
(5/15)
Arweave use cases continued...
5. Permaweb: Arweave’s application layer, a “Global community-owned web”
- Provides all the #DeFi building blocks (Currently used by #Uniswap, #Compound, #Solana (SOLAR bridge)
👉
arweave.medium.com/welcome-to-the…
Arweave use cases continued...
5. Permaweb: Arweave’s application layer, a “Global community-owned web”
- Provides all the #DeFi building blocks (Currently used by #Uniswap, #Compound, #Solana (SOLAR bridge)
👉
arweave.medium.com/welcome-to-the…
(6/15)
Arweave use cases continued…
6. Profit Sharing Communities (PSCs)
“open-source ‘companies’ that pay out an immediate dividend on profits.”
- Bootstraps dev activity
Generate income w/ Profit Sharing Tokens (PSTs)
👉
arweave.org/profit-sharing…
Arweave use cases continued…
6. Profit Sharing Communities (PSCs)
“open-source ‘companies’ that pay out an immediate dividend on profits.”
- Bootstraps dev activity
Generate income w/ Profit Sharing Tokens (PSTs)
👉
arweave.org/profit-sharing…
(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 it’s over 8.5 TB) Miner centralization is a real problem, but miners don’t need to store the entire “Weave”
#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 it’s over 8.5 TB) Miner centralization is a real problem, but miners don’t need to store the entire “Weave”
(8/15)
Arweave must incentivize miners to stay online because fewer data replications = less secure permanent data storage
Solution: “Proof-of-Access”
👉
Arweave must incentivize miners to stay online because fewer data replications = less secure permanent data storage
Solution: “Proof-of-Access”
👉
(9/15)
Arweave’s PoW incentivizes miners to store “rare” 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
Arweave’s PoW incentivizes miners to store “rare” 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: “Sacrifice Mining”
Miners upload data without sharing, increasing the chances of a reward in the future.
- Good for the endowment, but not productive storage.
👉
arweave.news/arweave-miners…
#Arweave Exploit: “Sacrifice Mining”
Miners upload data without sharing, increasing the chances of a reward in the future.
- Good for the endowment, but not productive storage.
👉
arweave.news/arweave-miners…
(11/15)
Data storage on Arweave should remain affordable long-term
However, w/o an incentive for nodes to act as gateways, there’s no guarantee for timely data retrieval
Arweave’s solution = 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, there’s no guarantee for timely data retrieval
Arweave’s solution = amplify.host (a consensus protocol for an incentivized Permaweb gateway
👉
(12/15)
Amplify & Arweave source tweet:
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 don’t know how all the moving parts and technologies will evolve.
Those unknowns pose a risk when considering the sustainability of Arweave’s long-term incentives.
Future unknowns:
Arweave is a pioneer in a burgeoning field, so we really don’t know how all the moving parts and technologies will evolve.
Those unknowns pose a risk when considering the sustainability of Arweave’s long-term incentives.
(14/15)
Does Arweave outdo #Filecoin?
Filecoin = temporary storage (decentralizing Amazon S3)
Arweave = permanent storage
Strong flex article on #Arweave 💪
cryptocalibur.com/arweave-bull-c…
Does Arweave outdo #Filecoin?
Filecoin = temporary storage (decentralizing Amazon S3)
Arweave = permanent storage
Strong flex article on #Arweave 💪
cryptocalibur.com/arweave-bull-c…
(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.
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