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Arweave: The Permanent Storage Experiment

Apr 19, 2021 · 20 min read

By Can Gurel

Pros:

Arweave is the leading protocol/network attempting to offer permanent data storage in a decentralized, censorship resistant way. There is an innovative economic model with an endowment pool that’s geared towards long-term sustainability. For NFTs and Web3 apps, it offers a strong value proposition for permanently storing/hosting relevant data in an accessible way. Even though storage costs are denominated in AR, Arweave has a well thought out pricing mechanism that adjusts the AR/megabyte cost during volatile price swings, without frequently relying on an external oracle.  New use cases could be created based on the unique building blocks available such as data provenance, data availability, proof of existence, etc.

Cons:

Forever is a long time. If users need to pay a higher price today, relative to alternative solutions, because they’re pre-paying future storage costs upfront, then that data truly needs to be available for decades to c

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