- #57
Arweave AR
AR Price
Market CapÂ
$1.64Â BRank #57FDVÂ
$1.64Â BRank #104Investors
Twitter Followers
Twitter Performance
170Rank by Twitter #7592- 0
- 100
- 1000
- 4000
Detailed Performance
AR shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
AR to USD Converter
Price History
- All-Time High
- $89.253.56x to ATH
- All-Time Low
- $0.298884.02x to ATL
- Trade Launch Date
- 15 Dec, 2019
1586 days ago
Fundraising
See more- ICO Price
- $0.73
- Funds Raised
- $23.58Â M
- Tokens Sold
- 11.95Â MÂ AR
Exchanges
Exchanges type
About AR
Arweave is a blockchain-based storage platform that aims to provide permanent and decentralized storage for data. It operates as a layer 1 blockchain, meaning it has its own network and protocol. The goal is to eliminate the need for centralized servers and create a reliable and tamper-proof storage solution. Users can store data on the Arweave network, and it is secured through a consensus mechanism called Proof of Access. By storing data on Arweave, it is intended to be accessible and immutable for future generations.
What makes Arweave unique?
Arweave is unique compared to other cryptocurrencies for several reasons:
1. Permanent and decentralized storage: Arweave is often referred to as the "Internet Archive of the blockchain." It provides a permanent and decentralized storage solution, allowing users to store data indefinitely on the network. This is in contrast to traditional blockchains where data can be pruned or deleted over time.
2. Proof-of-Access consensus mechanism: Arweave utilizes a unique consensus mechanism called Proof-of-Access (PoA). Instead of traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS), PoA rewards network participants based on the amount of data they store and make accessible to others. This incentivizes long-term data storage and ensures the availability of stored information.
3. Sustainable economic model: Arweave has a sustainable economic model that sets it apart from other cryptocurrencies. Instead of relying on inflationary mechanisms, Arweave has a fixed supply of tokens. This creates scarcity and potential value appreciation over time.
4. Developer-friendly environment: Arweave provides a developer-friendly environment with tools and resources to build decentralized applications (dApps) on top of its network. The platform supports smart contracts, allowing developers to create a wide range of applications and services.
5. Focus on web3 and data permanence: Arweave is part of the web3 stack, which aims to create a more decentralized and user-centric internet. Its focus on permanent data storage aligns with the vision of preserving information for future generations and creating a more resilient and censorship-resistant web.
Overall, Arweave's unique combination of permanent storage, PoA consensus, sustainable economics, developer support, and alignment with the web3 movement sets it apart from other cryptocurrencies in the market.
Live Arweave Price Data
The current price of Arweave (AR) is approximately $25.10, reflecting a increase of 1.48% in the last 24 hours. The AR trading volume in the last 24 hours stands at $43.15 million. Arweave's market cap is currently $1.64 billion, accounting for about 0.07% of the total crypto market cap. The circulating supply of AR is 65.45 million.Â
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Arweave's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on AR, check out our crypto insights page.Â
AR to USD Converter
Price History
- All-Time High
- $89.253.56x to ATH
- All-Time Low
- $0.298884.02x to ATL
- Trade Launch Date
- 15 Dec, 2019
1586 days ago
Fundraising
See more- ICO Price
- $0.73
- Funds Raised
- $23.58Â M
- Tokens Sold
- 11.95Â MÂ AR