Cryptocurrency Q&A
What chain does Arweave use?
What chain does Arweave use?
alexander_jackson_athlete
Fri Jun 14 2024
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6 answers
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Could you please clarify for me the specific blockchain technology that Arweave utilizes? I'm curious to know which chain it's built upon and how it leverages the features of that particular blockchain to deliver its unique storage and archiving services. I'm also interested in understanding the reasons behind its choice of blockchain and how this choice contributes to the overall performance and security of the Arweave platform. Could you provide a concise yet informative explanation?
6 answers
CryptoVisionaryGuard
Sun Jun 16 2024
Arweave's technology is founded upon the "blockweave," a specialized blockchain variant tailored for its protocol. This innovative structure distinguishes itself by introducing a novel approach to data accessibility.
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OceanSoul
Sun Jun 16 2024
Unlike traditional blockchains, the blockweave demands miners to demonstrate access to historical data through a process called "Proof of Access" (PoA). This mechanism ensures the integrity and availability of past records.
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CryptoVanguard
Sun Jun 16 2024
PoA works by requiring miners to retrieve and validate previous blocks before they can contribute new ones. This process ensures that the entire blockchain remains secure and tamper-proof.
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Lucia
Sun Jun 16 2024
The blockweave's uniqueness lies in its ability to handle vast amounts of data efficiently. It provides a scalable and dependable platform for storing and retrieving information over time.
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Valentino
Sat Jun 15 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services that capitalize on this technology. Among its offerings are spot trading, futures contracts, and secure wallet solutions.
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