Cryptocurrency Q&A
Is arweave a token or a coin?
Is arweave a token or a coin?
CryptoPioneer
Fri Jun 14 2024
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7 answers
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Could you please clarify for me if Arweave falls under the category of a token or a coin? I've heard both terms being used in the cryptocurrency world and am somewhat confused as to the difference. Would you mind explaining the distinction between tokens and coins, and then specifying which one Arweave belongs to? I'm interested in understanding the nuances of this topic and how it applies to Arweave specifically. Thank you for your assistance in clearing up this matter for me.
7 answers
noah_stokes_photographer
Sun Jun 16 2024
The protocol serves as the foundation for the "permaweb", a revolutionary concept that promises a reimagined web landscape.
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Daniele
Sun Jun 16 2024
In this vision of the future, websites and applications are designed to be stored indefinitely, ensuring their perpetual accessibility.
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Michele
Sun Jun 16 2024
The permaweb ensures that the provenance of information can be traced, enhancing trust and transparency in online interactions.
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Silvia
Sat Jun 15 2024
Arweave, a key player in this revolution, employs a unique economic model to incentivize data storage providers.
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Martino
Sat Jun 15 2024
The core of this model is the Arweave token (AR), which serves as a medium of exchange and a reward mechanism.
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