Arweave is a decentralized data storage solution that provides permanent and decentralized storage for files across a distributed network of computers. Like Bitcoin, Arweave operates on an open ledger, but unlike Bitcoin’s focus on financial transactions, it focuses on permanent data storage.
Arweave aims to build a digital archive, like the fabled Library of Alexandria, that persists indefinitely. Arweave’s use of a distributed data storage network ensures that the stored data remains accessible and available even if individual nodes go offline or are removed from the network.
Arweave's decentralized and permanent storage solution offers a distinct approach to data preservation and accessibility. By combining the benefits of blockchain technology and distributed storage, Arweave offers a reliable and long-lasting infrastructure for storing and accessing data.
The AR token is a multi-utility token used within the Arweave ecosystem for various purposes related to decentralized storage and network operations. It incentivizes network miners and is used to pay upload fees within the Arweave network.
