What is Arweave (AR)? | Arweave Crypto Explained in Under 60 Seconds

The Arweave Network is a decentralized storage network that provides a platform to permanently store documents, applications and other data.

Arweave Coin (AR) - The network is powered by the Arweave native cryptocurrency (AR). Used to pay ‘miners’ for the indefinite storage of network data, and for network interactions.

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The Permaweb - The networks hosts ‘The Permaweb’, which is a permanent, decentralized community-owned web with an ecosystem of applications & platforms.

Blockweave - Permaweb is built on top of ‘blockweave’, which uses a variation of blockchain technology to incentivize miners to store more data to receive rewards.

Proof-of-Access (PoA) - Blockweave uses a ‘Proof-of-Access’ consensus algorithm (a modified version of PoW). Instead of storing an entire blockchain, they store more data to access old blocks in order to mine a new one.

Profit Sharing Tokens (PSTs) - Profit Sharing Tokens allow community developers to generate dividends from their applications, providing revenue and support to permaweb based apps.

WEBSITE: https://www.arweave.org/