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docs_depin/docs/depin_specs/storage_networks/arweave.md
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Arweave Detailed information about Arweave 2

Arweave

Overview

Arweave is a decentralized storage network that allows users to store data permanently. It leverages blockchain technology to create a more reliable and permanent data storage solution.

Key Features

  • Currency: AR (Arweave Token)
  • Buying Currency: Available on exchanges like Binance and Kraken.
  • Utility:
    • Used for network transactions and incentivizing data storage.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data storage and retrieval processes.
  • Utility in the Project:
    • Users can earn AR by storing data permanently.
    • Validators can stake AR to secure the network and earn rewards.
  • API: Yes, Arweave provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily store data permanently and earn AR tokens.

How It Works

  1. Step 1: Users upload their data to the Arweave Network.
  2. Step 2: The network stores the data permanently and makes it available for retrieval.
  3. Step 3: Users earn AR tokens based on the amount of data stored.

Staking

  • Staking Requirements: Minimum of 10,000 AR tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Arweave API Docs.

Additional Resources