What is Arweave?

Symbol: AR · Market cap rank: #210

Short answer

Arweave (AR) is a cryptocurrency currently ranked #210 by market capitalisation. It is classified as Storage, Layer 1 (L1).

Source: isthiscoinascam.com

Overview

Arweave is a blockchain protocol focused on permanent data storage, utilizing a unique proof of access consensus mechanism. It aims to address data availability through a decentralized approach, allowing users to store data indefinitely at a low cost.

Founded in 2018, Arweave operates on its native chain and serves primarily as a long-term data storage solution. The project seeks to establish a permanent storage ecosystem, accommodating the growing demand for affordable and censorship-resistant data storage services.

Launched: 2018

Headquarters: London, United Kingdom

Scam-risk analysis

Arweave is rated BB on isthiscoinascam.com. Is Arweave a scam?

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