- Arweave (AR) soars over 125% in the last 7 days.
- Arweave is built on a blockchain-link data structure.
- A distributed storage system Arweave provides permanent storage
In today’s technology, everyone wants to get in on cryptocurrency. This is why various new cryptocurrencies are popping up in the crypto market daily. There are over 5000 different currencies in the world. And every day cryptocurrency prices will not remain as same.
Many peoples are becoming a fan of cryptocurrencies and testing their luck with investing into cryptos. Even more, from August many cryptocurrencies are climbing up in their prices. As well Arweave (AR) soars over 125% in the last 7 days.
Accordingly, Arweave is software that explores storing files permanently across a distributed network of computers. AR is the cryptocurrency of the Arweave network.
Current Market Status of AR
At the time of writing, the trading price of AR is $60.07 with a trading volume of $476,534,692 in the last 24-hours. According to CoinMarketCap, AR surged 2.42% in a day and soars 128.23%. And the current circulating supply is 33,394,701.00 AR coins.
The above chart displays the bullish price over Arweave (AR) for the last 7 days. AR has soared over 125% and they are also seeking to reach more heights. Additionally, AR can trade in crypto exchanges such as Binance, FTX, Huobi Global, HitBTC, and ZT.
Decentralized Storage Arweave
Arweave is not the same as blockchain. Rather than a chain of blocks that contains transactions and data, the typical design for most cryptocurrencies, Arweave stores its data in a graph of blocks. On a note, Arweave built on a blockchain-link data structure which known as blockweave.
Furthermore, users who seek to store data must buy AR to pay for distributed data storage, and computers on the network that enables storage services must accept payment in AR tokens.
In detail, the first quota of AR cryptocurrency, created in June 2018 when Arweave was launched. During that time, 55 million AR tokens were created.
A distributed storage system Arweave provides permanent storage, even though the organization that paid to store it disappear. Arweave is a permanent hard drive.
More so, even if someone did manage to encrypt your local drive, they couldn’t encrypt your Arweave records. Decentralized storage Arweave utilized to fight against ransomware attacks. And even if they encrypted one, users could just return to the previous version because it’s write-only.
The decentralized storage system can protect critical data, making it immutable and everyone can get periodic publicly verifiable proof of the data stored.
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