Arweave price

AR

#63

According to Williams, he came up with the idea while up a mountain in Scotland, later bringing the concept to Jones, with whom he developed the technical details. After launching Arweave, Williams was later named an advisor to Minespider, a company providing blockchain-based supply chain tracking for the raw materials industry, and he has served as a mentor for the Techstars accelerator program.

Although Arweave was founded with centralized leadership, it a decentralized autonomous organization in January 2020 comprised of core community members to further the development and expansion of the network and its ecosystem.

The Arweave network is built on a modified version of blockchain technology it calls "blockweave," which uses a "proof-of-access" consensus algorithm — a modified version of proof-of-work. With PoA, each new block is not only linked to the one immediately prior to it but to a random previous block as well, and both blocks are hashed to generate the new one. Miners are not required to store an entire blockchain, but they are incentivized to store more information to prove they can access the old blocks that are required to mine a new one.

AR can be purchased on cryptocurrency exchanges such as MXC.COM, Bilaxy, Huobi Global, and Hoo, among others. It can be traded against the stablecoin Tether (USDT) as well as Bitcoin (BTC) and Ether (ETH).

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