Today, with the rapid development of digitalization, data storage and management are becoming more and more important. With the advent of the Web3 era, the demand for decentralized data storage has become increasingly apparent. As an innovative block network, Arweave is committed to providing distributed permanent storage of data and becoming a pioneer in this field.
Project basic situation
Project business scope: Arweave's core service is to provide permanent distributed storage for data. Compared with traditional centralized data storage solutions (such as cloud services), Arweave's decentralized features effectively avoid single-point risks such as service offline, privacy leaks, content censorship and unclear data ownership. Arweave is not only suitable for content creators and Web3 projects, but also meets the needs of public chain base layers that require large-scale data storage.
In addition, Arweave’s underlying network has also built an application layer called permaweb and the Smartweave smart contract system. These functions make Arweave not only a storage platform, but also a complete Web3.0 ecosystem, with the potential to compete with other public chain platforms.
Project History and Roadmap
Since its establishment, Arweave has gone through multiple stages of development, gradually improving its technical architecture and ecosystem. In the future, Arweave will continue to expand application scenarios and enhance the decentralization of the network to meet changing market needs.
Business details: Business logic: In order to better understand Arweave’s business situation, we need to first understand its network structure and consensus mechanism.
Network structure and consensus mechanism: Arweave adopts a unique Blockweave data structure and SPoRA consensus mechanism to achieve permanent storage of information.
Blockweave: Unlike traditional blockchains, Arweave's blocks are not only connected through a chain structure, but also point to a random previous recall chunk, forming a spin-like structure. This design makes data storage more efficient.
SPoRA consensus mechanism: Arweave initially used the PoA+PoW mechanism and later upgraded to SPoRA (concise proof of random access). Under this mechanism, miners need to access random recall blocks locally to generate new blocks and obtain rewards. This mechanism not only encourages miners to store more blocks, but also increases the decentralization of the network.
Wildfire and BlockShadow
Wildfire: In order to encourage nodes to respond to read requests and produce blocks faster, Arweave has introduced Wildfire incentives. This mechanism scores nodes based on their generosity and responsiveness, improving overall network performance.
BlockShadow: During node verification, Arweave does not need to verify the entire storage file, but only transmits a hash value and account list. This method speeds up verification efficiency and reduces network burden.
network participants
Participants in the Arweave network are mainly divided into two categories: miners and users. Users pay AR tokens to add data to the network, while miners are rewarded for storing and providing data. The entire network coordinates and distributes rewards between users and miners, forming a virtuous cycle.
Bundles: Bundles are a technology that combines multiple data transactions in Arweave into one transaction. This feature improves the scalability and usability of the system, ensuring that Arweave can still run efficiently when a large number of media files need to be uploaded.
in conclusion
As a permanent storage solution in the Web3 era, Arweave is gradually changing the data storage landscape with its unique technical architecture and business model. With the development of Web3 business, Arweave's market prospects will become increasingly broad and it will become a leader in the field of decentralized cloud storage. Through continuous innovation and optimization, Arweave will provide users with more secure, convenient and efficient data storage services.
In the future, with the continuous advancement of decentralized technology, Arweave will continue to lead the transformation of data storage, meet the needs of more users, and promote the further development of the Web3 ecosystem.