Arweave price predictions 2022 2024
Arweave
price predictions 2022 2024
AR Price Live Data
The live Arweave price today is
$29.01 USD with a 24-hour trading volume of $56,157,801 USD. We update our
AR to USD price in real-time. Arweave is up 4.08% in the last 24
hours. The current CoinMarketCap ranking is #78, with a live market cap of
$968,614,090 USD. It has a circulating supply of 33,394,701 AR
coins and a max. supply of 66,000,000 AR coins.
If you would like to know where to
buy Arweave, the top cryptocurrency exchanges for trading
in Arweave stock are currently Binance, OKX, FTX, Mandala Exchange, and KuCoin. You can find others listed on our crypto exchanges page.
AR to USD Converter
AR
Arweave
USD
United States Dollar
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.
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.
Related Pages:
Learn about Filecoin,
a distributed storage network from the creators of the InterPlanetary File
System.
Learn about Siacoin,
the native cryptocurrency of the Sia distributed cloud storage network.
Want to know more
about decentralized storage? Read more about what it
seeks to achieve on Alexandria, CoinMarketCap's online educational resource.
Keep up with the
latest in technological innovations offered by blockchain with the CoinMarketCap
Blog.
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).
Are you interested in
buying AR or other cryptocurrencies such as Bitcoin?
CoinMarketCap has a simple, step-by-step
guide to teach you all about crypto and how to buy your first
coins.
AR Price Statistics
|
Arweave Price Today |
||
|
Arweave
Price |
$28.81 |
|
|
Price
Change24h |
$0.9466 3.40% |
|
|
24h Low / 24h High |
$26.57 / $30.90 |
|
|
Trading
Volume24h |
$56,157,801.09 59.49% |
|
|
Volume / Market Cap |
0.05798 |
|
|
Market Dominance |
0.06% |
|
|
Market Rank |
#78 |
|
|
Arweave Market Cap |
||
|
Market Cap |
$968,614,090.08 4.08% |
|
|
Fully Diluted Market Cap |
$1,914,331,556.54 4.08% |
|
|
Arweave Price Yesterday |
||
|
Yesterday's Low / High |
$27.28 / $30.14 |
|
|
Yesterday's Open / Close |
$29.12 / $27.50 |
|
|
Yesterday's Change |
5.58% |
|
|
Yesterday's Volume |
$33,961,829.74 |
|
|
Arweave Price History |
||
|
7d Low / 7d High |
$22.29 / $30.90 |
|
|
30d Low / 30d High |
$22.29 / $42.30 |
|
|
90d Low / 90d High |
$22.29 / $68.65 |
|
|
52 Week Low / 52 Week High |
$7.11 / $90.94 |
|
|
All Time High Nov 05, 2021 (4 months ago) |
$90.94 68.11% |
|
|
All Time Low May 27, 2020 (2 years ago) |
$0.4854 5874.88% |
|
|
Arweave ROI |
30807.57% |
|
|
Arweave Supply |
|
|
Circulating Supply |
33,394,701
AR |
|
Total Supply |
63,190,435
AR |
|
Max Supply |
66,000,000
AR |
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