Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data permanently – for the very first time.
As a collectively owned hard drive that never forgets, Arweave allows us to remember and preserve valuable information, apps, and history indefinitely. By preserving history, it prevents others from rewriting it.
Great use-cases of Arweave are archival and censorship-resistance. "Arweave’s use in the Ukraine conflict and in Hong Kong -- storing social media posts, pictures, videos, journalism and more -- has been well-documented and even referenced on the US Senate floor as a tool to fight authoritarian regimes." - Sam Williams, founder or Arweave.
Also Meta recently announced that they would be using Arweave to permanently store digital collectables from Instagram users. Meta chose Arweave because it is the only way store data in a permanent and immutable way.
On top of the Arweave network lives the permaweb: a global, community-owned web that anyone can contribute to or get paid to maintain.
The permaweb looks just like the normal web, but all of its content – from images to full web apps – is permanent, retrieved quickly, and decentralized – forever. Just as the first web connected people over vast distances, the permaweb connects people over extremely long periods of time.
The cost to upload data to the Arweave network covers the first 200 years of storage. If data storage declines are anything greater than 0.5% per year, this simply adds to the number of years that the data will be stored. The result is extremely cheap data storage costs over time.
Data stored on the Arweave network should last at least 200 years (or as long as the network exists).
To learn more about Arweave, check out their website.
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