What is a blockweave blockchain?

Like traditional blockchain networks, Arweave’s blockweave is made up of a collection of blocks. These blocks hold the data that makes the websites and applications accessible on the permaweb. In a traditional blockchain, blocks are linked to the previous and following blocks in the chain only.

How does a blockweave work?

Here’s how it works: The blockweave is maintained by miners who provide disk space and replicate the data stored in the network in order to gain AR tokens. In order to mine or verify a new block, miners must provide cryptographic proof that they can access the blockweave‘s recall block — hence, Proof of Access.

What is arweave based on?

Arweave is based on a technology called blockweave, which is a modification of the standard blockchain. The overall structure of the blockweave and blockchain technologies is similar in many ways, with verified blocks permanently linked to each other on a chain-like ledger.

What is arweave token?

AR is Arweave’s native token. What Is AR Token? Arweave is a decentralized permanent storage platform where AR is its native token. The maximum supply of the AR token is 66 million, out of which 55 million tokens were minted when the genesis block was created at the mainnet launch.