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Arweave(AR)

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$8.142
(-7.08%)
0.00018469 BTC
Market Cap (Rank#104)
$532,926,331
12,088 BTC
Vol 24h
$19,794,133
448.995 BTC
Circulating Supply
65,454,185
Max Supply
66,000,000

About Arweave?

The live price of Arweave (AR) today is 8.142 USD, and with the current circulating supply of Arweave at 65,454,185 AR, its market capitalization stands at 532,926,331 USD. In the last 24 hours AR price has moved -0.4648 USD or -0.05% while 20,711,991 USD worth of AR has been traded on various exchanges. The current valuation of AR puts it at #104 in cryptocurrency rankings based on market capitalization.

Learn more about the Arweave blockchain network and how it works or follow the price of its native cryptocurrency AR and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Arweave (AR) is a novel cryptocurrency project that aims to provide a scalable, secure, and permanent solution for data storage on the blockchain. The project's unique protocol, the blockweave, is designed to make data storage low-cost and efficient, making it a promising solution for businesses and individuals alike.

Technology & Mechanism

Consensus Mechanism

Arweave uses a unique consensus mechanism known as Proof of Access (PoA). This mechanism ensures that miners are rewarded for providing access to historical data, thereby incentivizing the preservation of old data blocks.

Blockchain Technology

Arweave operates on a unique blockchain structure known as the blockweave. Unlike traditional blockchains, the blockweave links blocks to multiple previous blocks, creating a weave-like structure that enhances security and accessibility.

Key Features

Scalability

Arweave's unique blockweave structure allows for high scalability, making it a suitable solution for large-scale data storage.

Security

Arweave's PoA consensus mechanism and blockweave structure ensure high levels of security, protecting data from potential threats.

Privacy

Arweave provides users with the option to encrypt their data, ensuring privacy and confidentiality.

Decentralization

Arweave is a fully decentralized network, with no central authority controlling data access or storage.

Development Team & Governance

The Arweave project is spearheaded by a team of experienced developers and blockchain experts. The project operates on a decentralized governance model, with decisions made by the community of AR token holders.

Use Cases & Potential Impact

Arweave's scalable, secure, and permanent data storage solution has a wide range of potential use cases, from business data storage to personal file backup. The project has the potential to disrupt traditional data storage industries and enhance the capabilities of the blockchain technology.

Purchase & Storage

How to Buy

AR tokens can be purchased on several major cryptocurrency exchanges, including Binance and Huobi. Users can trade Bitcoin or Ethereum for AR tokens.

Wallets & Storage

AR tokens can be securely stored in any wallet that supports ERC-20 tokens, including hardware wallets like Ledger and Trezor.

Partnerships & Collaborations

Arweave has formed partnerships with several major tech companies and blockchain projects, further enhancing its credibility and potential impact.

Roadmap

Arweave's future plans include further development of its data storage solution, with a focus on scalability and accessibility. The team also plans to expand its partnerships and collaborations.

Risks & Challenges

Like any cryptocurrency project, Arweave faces potential risks and challenges, including regulatory hurdles and competition from other data storage projects. However, the team's innovative approach and strong community support position it well to overcome these challenges.

Community & Regulatory Compliance

Community

Arweave has a strong and active community of supporters and developers, who contribute to the project's development and promote its adoption.

Regulatory Compliance

Arweave is committed to complying with all relevant regulations and laws, ensuring the project's longevity and credibility.

In conclusion, Arweave is a promising project that offers a unique solution to the challenges of data storage on the blockchain. With its innovative technology, strong team, and active community, Arweave has the potential to make a significant impact in the blockchain industry.

Arweave Price8.142 USD
Market Rank#104
Market Cap532,926,331 USD
24h Volume19,794,133 USD
Circulating Supply65,454,185 AR
Max Supply66,000,000 AR
Yesterday's Market Cap533,410,482.35 USD
Yesterday's Open / Close8.6142 USD / 8.1494 USD
Yesterday's High / Low8.7962 USD / 8.0896 USD
Yesterday's Change
-0.05% ( 0.4648 USD )
Yesterday's Volume20,711,990.82 USD
Mining Info
Hashing algorithmPoA
Pools (known)1
Pools Hashrate11.56 MH/s
Network Hashrate32.39 MH/s
By MiningPoolStats
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