Cryptocurrency Q&A What chain does Arweave use?

What chain does Arweave use?

alexander_jackson_athlete alexander_jackson_athlete Fri Jun 14 2024 | 6 answers 1131
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? What chain does Arweave use?

6 answers

CryptoVisionaryGuard 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 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 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 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 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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