1.7 KiB
1.7 KiB
title | description | sidebar_position |
---|---|---|
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. The Arweave network is like Bitcoin, but for data: a permanent and decentralized web inside an open ledger.
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
- Step 1: Users upload their data to the Arweave Network.
- Step 2: The network stores the data permanently and makes it available for retrieval.
- 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.
Documentation
For detailed documentation, visit Arweave Docs.