What is arweave (AR)?

One of these projects is Arweave, a data storage protocol based on the Proof of Access (PoA) block verification method and a derivative of a blockchain called blockweave. Arweave’s native cryptocurrency, AR, trades at $80. It has a circulating supply of around 33 million tokens and a market cap of $2.66 billion.

What is the arweave protocol?

Data, a critical component of advanced technologies such as machine learning and AI, is king in the 21st century. The Arweave protocol is a robust blockchain network which could potentially revolutionize the way online storage and data management works. The Arweave blockchain is capable of handling over 5,000 transactions per second.

How many arweave tokens are there?

Of its 66 million maximum supply, over 55 million of the tokens were minted in the genesis block at the launch of the Arweave mainnet in June 2018. The remaining tokens will be minted as block rewards for Arweave nodes.

What are the components of the arweave network?

The other main component in the Arweave network is permaweb, a decentralized web built on top of the Arweave blockchain. This is where all of the Arweave DApps are stored. These DApps can be accessed using multiple gateways that seem like regular websites. Also, the Arweave protocol uses HTTP, enabling permaweb to interact with the WWW.