Post
Topic
Board Tokens (Altcoins)
Re: Blockchain 3.0, Next gen crypto talk
by
Mrpumperitis
on 11/08/2021, 02:44:59 UTC
Friend is asking about arweave.

Where is the high performance compute in Arweave? It's storage-only. Same as Filecoin, Sia, Storj, etc.

They're decentralized storage protocols. You can do that with a hard drive in your pocket. Compute requires bandwidth, networking, security, etc. Its data centers. Not spare servers and spare laptops. A different game none of them can play unless they upgrade the economic models of their protocols to support the capex intense nature of high performance compute.

Store is building a different world.
Arweave is very different to anything seen before...ill try keep this short lol...lots of info going back a few pages here.



https://coinmarketcap.com/alexandria/article/the-decentralized-storage-war-filecoin-vs-arweave

Filecoin's economic model mirrors that of centralized cloud providers: contract-based storage.
Contract-based storage can be more simply thought of as a pay-as-you-go model.
Users pay a network of nodes that store X bytes of data for Y period of time with Z retrievability guarantees.
Storj, Sia and SAFE use the same model.


Arweave, on the other hand, introduces an entirely new economic model to the market, one that was never possible before the advent of permissionless crypto networks: permanent storage.
With permanent storage, users pay a one-time, up-front fee to store the data forever.
Permanent storage creates an entirely new market (we’ll get to this later).
The Arweave protocol accomplishes this by leveraging crypto-economic game theory and creating an endowment to compensate miners for ensuring data availability, reliability and permanence.]
Permanent data storage is an entirely new service that Amazon, Google and others cannot offer.

Blockchains that use Arweave.....cosmos, Polkadot, Avax, NEARProtocol, Solana, SkaleNetwork....more will join..around 11 so far.
Arweave will be storing the history for all these Blockchains...this is unheard of in the world of crypto


Heres some good links ....
https://medium.com/solana-labs/announcing-the-solar-bridge-c90718a49fa2
https://twitter.com/samecwilliams/status/1408869448149315585
https://twitter.com/aeyakovenko/status/1409561319620038656

https://www.youtube.com/watch?v=PQuqa7Iuwds&t=213s -arweave Senator Toomey


https://ethereum.org/en/developers/docs/storage/#blockchain-based Arweave and why ETH2 could benefit is is explained well here.



Cost to send an Arweave is almost free, 0.000001USD or something.
Storing data has different price structures.
As for things like throughput, transaction speed.
High Transaction Speeds
The Arweave structure is aiming to be a high-speed blockchain with up to 5000 TPS. This high TPS will be achieved through an innovative system that does not require nodes to store full copies of the blockchain.

Instead, nodes utilize a system that includes a block hash list that allows old blocks to be verified, and potential new blocks evaluated effectively and a wallet list that allows transactions to be verified without possessing the block in which the last transaction was used.

These high-speed data transfers allow for data storage, data sharing, and data collaboration.
https://hive.blog/blockchain/@mcdform/arweave-s-solution-to-decentralized-storage-is-faster-and-cheaper-than-the-competition


https://arweave.medium.com/what-is-arweave-explain-like-im-five-425362144eb5