What is Arweave?

Symbol: AR · Market cap rank: #223

Short answer

Arweave (AR) is a cryptocurrency currently ranked #223 by market capitalisation. It is classified as Storage, Layer 1 (L1).

Source: isthiscoinascam.com

Overview

Arweave is a data storage blockchain protocol founded in 2017, utilizing a proof of access consensus mechanism. This architecture aims to provide permanent data storage solutions that are cost-effective and decentralized.

The project targets the growing demand for reliable data availability and aims to address issues related to data permanence and censorship. Arweave's governance model and supply cap have not been detailed in the source material.

Launched: 2018

Headquarters: London, United Kingdom

Scam-risk analysis

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

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