![]() This means that a new node doesn’t need to download and synch the entire blockchain. ![]() When contrasted with other blockchains the Arweave chain gives nodes an option to store just a part of the full blockchain or the entire blockchain if they choose. Blockweaveīlockweave is the data structure technology that allows nodes to join the Arweave network immediately, without any waiting period. While these technologies are separate, they are also intertwined, and each plays a pivotal role in creating a new type of network suited for both fast transactions and low cost permanent storage. There are four core technologies that are behind the Arweave protocol, helping it to deliver a high throughput, low cost, permanent storage blockchain. That’s an enormous market, and it is also ripe for disruption. It’s estimated that the global market for cloud storage solutions will continue growing at 22.3% a year and reach $137.3 billion by 2025. It has also birthed some technology giants such as Amazon Web Services, Microsoft Azure, and Google Cloud. Cloud computing has done away with the paradigm of physical servers at every business location, and has replaced it with a convenient technology. Now there are also decentralized storage networks being created that look to disrupt the cloud storage industry by making idle computing resources useful.Ĭonsidering the huge growth in cloud computing over the past decade it is an industry well worth disrupting. They have transformed the taxi industry by using cars that would otherwise sit idle as taxi’s.Īirbnb has done something similar with the hotel industry by making it possible for owners to make money off otherwise unused rooms, apartments, and the like. The 21 st century has seen an interesting shift in many businesses as innovators have found ways to make idle assets useful.
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