Is AR coin valuable? Comprehensive analysis of AR currency prospects and value

php editor Baicao will take you to explore the value and prospects of AR currency in depth. With the development of virtual reality technology, AR currency has attracted much attention as a digital currency. But is it valuable? What is the future development potential? This article will conduct a comprehensive analysis of AR coins from multiple perspectives to help readers better understand digital assets in this emerging field.

Is AR coin valuable?

AR coins have value, Arweave was founded in August 2017 and graduated from the Berlin Techstars startup acceleration program in April 2018. As a file storage protocol based on blockchain, Arweave has the characteristics of one-time payment and permanent storage of files. Arweave provides a "Permaweb permanent network" solution. Internet users can implement it on the blockchain through the Arweave browser plug-in. Permanently store digital files and data such as web pages, emails, social media posts, and more.

Arweave previously used proof of access (POA) to incentivize miners to store history forever. On February 25, 2021, Arweave completed the upgrade of the new competitive consensus SPoRA. SPoRA is a new competitive consensus mechanism based on the Arweave network to prohibit miners from retrieving data on demand from the network and reduce network energy consumption. It can fundamentally increase the number of data copies stored in the network to 100-1000 times the order of magnitude. , while moving more computation on that network to storage.

Arweave adopts a profit sharing token mechanism (ProfitSharingToken, PST), which can fundamentally improve the way developers create network services. In this mechanism, a permanent application developed based on the Arweave protocol can issue a "Profit Sharing Token PST". Whenever a user interacts with the application and generates a transaction on the Arweave network, a specific PST token will be issued. Holders send tips denominated in Arweave’s native token AR, and the allocated amount will be based on the holding share ratio of that PST token. Currently, there are more than 250 applications created based on the Arweave protocol, including content distribution platforms, social platforms, file storage solutions, developer tools, archiving robots, decentralized exchanges, etc.

Comprehensive analysis of AR currency prospects and value

Unlike IPFS, which focuses on decentralized storage, and Storj, which focuses on enterprise storage services, Arweave focuses on permanent storage, filling specific market needs and fundamentally In short, Arwaeve solves the problems of limited free speech, excessive censorship, and easy tampering on the Internet today.

In terms of specific applications, especially in areas where network access is more restricted, Internet users do not need to download a new browser. They can permanently store web pages, emails, etc. on the blockchain through the Arweave browser plug-in. Digital files and data, such as social media posts, preserve history completely and authentically.

In the article "Web3 Stack Panorama", Kyle Samani of Multicoin Capital mentioned that services provided by on-chain middleware such as the Arweave storage protocol will build a single abstraction layer for developers no matter where the underlying data is located. , which will accelerate the development of the entire Web3 ecosystem.

The Arweave network is neither operational nor owned by any one company. Because it is a completely decentralized network, it does not have any single points of failure. This means that everyone can provide a certain amount of storage space and can use the network to store their own data. In addition, the data provided by Arweave and its storage solutions can also replicate and distribute data on hundreds of computers around the world. Not only that, but the data saved on the network will not be lost due to some natural disasters.

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