What Is Arweave (AR)?
Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets,” the network primarily hosts “the permaweb” – a permanent, decentralized web with a number of community-driven applications and platforms.
To learn more about this project, check out our deep dive of Arweave.
The Arweave network uses a native cryptocurrency, AR, to pay “miners” to indefinitely store the network’s information.
The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.
Who Are the Founders of Arweave?
Arweave was founded by Sam Williams and William Jones, two Ph.D. candidates at the University of Kent. Williams came to the project with experience in decentralized and distributed systems, having developed an operating system called HydrOS as a part of his studies, while Jones’ focus was on graph theory and neural networking. While Williams dropped out of graduate school to focus on the company, Jones left the project early on in mid-2018 and completed his Ph.D.
According to Williams, he came up with the idea while walking 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 launched a decentralized autonomous organization in January 2020 comprised of core community members to further the development and expansion of the network and its ecosystem.
Arweave Price Prediction
If you’re looking for Arweave price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Arweave (AR) will go in the future? We will analyze the past prices of Arweave (AR) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 45.85|
|24h Volume||$ 36,679,115|
Arweave (AR) Price Prediction
At reconshell.com we predict future Arweave price predictions/AR forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Arweave. We do our best to collect maximum historical data for the AR coin which include multiple parameters like past price, Arweave marketcap, Arweave volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Arweave Price Prediction 2022
According to our deep technical analysis on past price data of AR, In 2022 the price of Arweave is predicted to reach at a minimum level of $66.61. The AR price can reach a maximum level of $80.15 with the average trading price of $68.96.
Arweave Price Prediction 2023
The price of Arweave is predicted to reach at a minimum level of $95.76 in 2023. The Arweave price can reach a maximum level of $117.33 with the average price of $99.21 throughout 2023.
AR Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Arweave is predicted to reach at a minimum level of $138.78. The AR price can reach a maximum level of $164.05 with the average trading price of $142.75.
The price of 1 Arweave is expected to reach at a minimum level of $201.71 in 2025. The AR price can reach a maximum level of $242.17 with the average price of $207.42 throughout 2025.
Arweave Price Prediction 2026
Arweave price is forecast to reach a lowest possible level of $298.98 in 2026. As per our findings, the AR price could reach a maximum possible level of $351.34 with the average forecast price of $307.27.
Arweave Price Prediction 2027
According to our deep technical analysis on past price data of AR, In 2027 the price of Arweave is forecasted to be at around a minimum value of $425.56. The Arweave price value can reach a maximum of $516.66 with the average trading value of $437.85 in USD.
Arweave (AR) Price Prediction 2028
The price of Arweave is predicted to reach at a minimum value of $631.12 in 2028. The Arweave price could reach a maximum value of $724.35 with the average trading price of $648.63 throughout 2028.
Arweave Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Arweave is expected to reach at a minimum price value of $900.90. The AR price can reach a maximum price value of $1,093.87 with the average value of $933.33.
Arweave (AR) Price Prediction 2030
The price of Arweave is predicted to reach at a minimum value of $1,270.38 in 2030. The Arweave price could reach a maximum value of $1,589.93 with the average trading price of $1,317.04 throughout 2030.
Arweave Price Prediction 2031
Arweave price is forecast to reach a lowest possible level of $1,885.01 in 2031. As per our findings, the AR price could reach a maximum possible level of $2,271.03 with the average forecast price of $1,950.87.
What Makes Arweave Unique?
According to its yellow paper, Arweave seeks to ensure the “collective ability to store and share information between individuals and across time to new generations.” In order to accomplish this goal, its flagship permaweb is built on top of Arweave’s “blockweave,” a variation of blockchain technology in which each block is linked to both the one immediately prior and also a random earlier one. Arweave says this incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards.
Arweave is focused on building a sustainable ecosystem around the network. In June 2020, it unveiled “profit sharing tokens,” which allow developers to receive dividends when network transaction fees are generated from their application, and it hosts incubators to support the building of permaweb-based apps. The project also works with startups through its “Boost” program, offering free storage and access to the Arweave team and industry investors.
In March 2020, Arweave announced that it had received $8.3 million in funding from Andreessen Horowitz, Union Square Ventures and Coinbase Ventures. This followed an earlier November 2019 investment also from Andreessen Horowitz and Union Square Ventures, as well as Multicoin Capital.
How Many Arweave (AR) Coins Are There in Circulation?
According to its yellow paper, Arweave has a maximum token supply of 66 million AR. 55 million AR was minted when the blockweave’s genesis block was created in June 2018, and an additional 11 million will be gradually introduced as block rewards.
Arweave held a token pre-sale event in August 2017 in which 10.8% of the initially generated token supply was sold, and two public sales were completed in May 2018 and June 2018 in which 7.1% and 1.1% of the supply was sold, respectively. The company allocated an additional 19.5% for a private sale, 2.9% for project advisors, 13% for the team (subject to a five-year lock-up with 20% released per year), 19.1% for ecosystem development, and 26.5% for future project use (subject to a five-year lock-up with 20% released per year).
How Is the Arweave Network Secured?
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.
The mining protocol used by Arweave, RandomX, was successfully audited by four cybersecurity firms – Trail of Bits, Kudelski Security, X41 D-Sec and QuarksLab – in August 2019. The project plans to utilize a new mining algorithm starting in early 2021 known as SPoRA, which it said in December 2020 had been audited by NCC Group.
Where Can You Buy Arweave (AR)?
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).