Arweave ICO Review And AR Token Analysis

AR

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6 months ago

Arweave ICO About

Arweave is a new data storage protocol on a blockchain like structure called the Blockweave. It’s built on a novel proof-of-access consensus mechanism that makes truly permanent, low-cost data storage available for the first time. Unlike other blockchains we’ve created a truly scalable infrastructure to be the backbone for the data economy because we’re able to reach up to 5000 tp/s.That will soon reach visa-level transaction speeds because we’ve built a continuously self-optimising network that will always improve over time as more miners adopt the network, whilst at the same time making storage cheaper. We also store data at a fraction of the cost of our competitors, Filecoin, Siacoin, and Storj over the long-term.

Arweave ICO Categories

Infrastructure

Arweave ICO Review

Typical blockchains have several major well- known problems with data storage. These problems require new third-party protocols to be integrated on-top of existing blockchains, as fees are too high for on-chain storage to be feasible. Therefore, with typical blockchains there is always going to be a cost to access content, and content is never stored perma- nently. As the demand for data storage grows exponentially, the need for a decentralized low-cost data storage protocol that can scale is a necessity.

In this work we present Arweave – a new blockchain like structure called the block- weave. The blockweave is a platform de- signed to provide scalable on-chain storage in a cost-efficient manner for the very first time. As the amount of data stored in the system increases, the amount of hashing needed for consensus decreases, thus reducing the cost of storing data. The protocol’s existing REST API makes it trivially simple to build de- centralised applications on top of the block- weave, reflecting Arweave’s focus on the de- veloper community and their ability to drive adoption of emerging and novel protocols.

In this paper, we also introduce novel con- cepts such as; block-shadowing, a flexibly- sized transaction block distribution algo- rithm that improves on current ‘sharding’ techniques by other blockchains, a self- optimising network topology, and a new con- sensus mechanism called proof of access.

Arweave ICO Comments

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  • 6 months ago Paul Walterson

    They're just processing refunds from people who lost their specific allocation. Not an overall refund.

  • 6 months ago Paul Walterson

    Here's a message from their CEO:

  • 6 months ago Paul Walterson

  • 6 months ago Peter Garland

    Here's a helpful article about Arweave: https://medium.com/@arweave/what-is-arweave-explain-like-im-five-425362144eb5

  • 6 months ago Dustin Foreman

    I heard that they are running their token sale but was processing refunds as well. I wonder what happened?

  • 6 months ago Paul Walterson

    Hi guys, we have now reviewed the situation, the emails and the Telegram communications regarding the gas limit very carefully. The 30k gas limit for the second round was communicated in the email opening the sale, numerous times on Telegram, and then in the final email yesterday. Failure to follow this rule very clearly negated the participant’s right to take part in the second round. Other than forfeiting the right to participate in the second round, the consequences of over-setting the gas limit were not specified. After having carefully reviewed the number of affected participants we have decided that in this case they will be allowed to keep their round 1 allocations, providing that no other rules were violated.

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ICOPicker - Sam Williams
Sam Williams
Co-Founder & CEO
ICOPicker - William Jones
William Jones
Co-Founder & CTO
ICOPicker - India Raybould
India Raybould
CCO

Token Info

  • Symbol/Ticker AR
  • Platform Own Blockchain
  • Type Own Wallet
  • Bonus Yes

Presale Info

  • Presale Price 1 AR = 0.73 USD
  • Presale Start Date 06/03/2018
  • Presale End Date 06/06/2018

Investment Info

  • Tokens for Sale 66000000
  • Total Token Supply 66000000
  • Price Per Token 1 AR = 0.73 USD
  • Soft Capital 4,000,000 USD
  • Hard Capital 8,700,000 USD
  • Accepting ETH

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6 months ago


  • Token AR
  • Platform Own Blockchain
  • Price 1 AR = 0.73 USD
  • Soft Capital 4,000,000 USD
  • Hard Capital 8,700,000 USD
  • Accepting ETH
  • Country United Kingdom
  • Restrictions China, USA
  • Know Your Customer Yes
  • Whitelist Yes

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