Arweave (AR) is a project dedicated to permanent data hosting – a cornerstone of Web3. The Decentralised Storage Network (DSN) offers permanent storage for a single upfront payment. Unlike other storage blockchains like Filecoin and Storj, Arweave uses a Proof-of-Access (PoA) consensus mechanism. PoA incentivises long-term data storage where miners need to access older, random blocks from the blockweave's history in order to mine new blocks and be rewarded. Each computer in the Arweave network has to check whether they have access to a randomly selected recall block. AR tokens are distributed as mining rewards and were also released with the genesis block. AR is used as a mode of payment for Arweave's storage solutions. Arweave is the storage solution of choice for Solana, Avalanche, Polkadot, Cosmos and the NEAR protocol.
How To Buy Arweave or Add it to your Strategy
The fastest, most convenient way to purchase Arweave is to purchase it on ICONOMI. We check Arweave live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Arweave by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Arweave is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Arweave, we recommend you read the next section, as copying might be a better approach.
Add Arweave to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Arweave in their structure.
Thanks for indicating the beginning of the alt coin season by getting rid of that BTC dinosaur junk ;)