Arweave to Discuss Protocol Development and Decentralization on DUH Livestream on November 13th

Arweave will hold a DUH Livestream titled “Keeping the Weave Alive” on 13 November at 18:00 UTC, focusing on the ongoing maintenance of the network’s protocol.

The session will address the evolution of the codebase from ArChain to Hyperbeam, the influence of AO on coordination processes, and the accompanying trade-offs.

AR Info

Arweave is a decentralized storage network designed for indefinite data storage. It functions as a “collectively owned hard drive” that supports “the permaweb”, a permanent, decentralized web with various community-driven applications and platforms.

The Arweave network operates using a “blockweave” technology, a variation of blockchain where each block is linked to both the previous block and a random earlier one. This structure incentivizes miners to store more data, as they need to access random previous blocks to add new ones and earn rewards. This mechanism ensures the indefinite storage and accessibility of data across time.

The native cryptocurrency of the Arweave network, AR, is used to compensate miners for storing the network’s data indefinitely. Arweave also supports a sustainable ecosystem with “profit sharing tokens”, enabling developers to earn dividends from transaction fees generated by their applications. Additionally, the project provides support to startups through its “Boost” program, offering free storage and access to the Arweave team and industry investors.