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Interoperability is an increasingly crucial topic within the blockchain space, as it expands the possible functionalities that blockchain networks can offer to their ecosystems once they are connected. Permanent and scalable storage on Arweave is one such functionality that other blockchains do not possess, but could unlock massive potential for applications on their networks.
Bundlr Network is an aggregation system that collects and submits many pieces of data to the Arweave network in one single base-layer transaction. This unlocks unparalleled scalability of throughput for data transactions in the Arweave network, and but it also enables an exciting new capability: delegated payments.
When users send transactions to the Bundlr Network, their payments to the Arweave network for storage are handled by their Bundlr node. The user and the Bundlr node are then free to organise their own mutually satisfactory payment mechanism.
Enabling massively scalable bundled transactions (even with just AR payments) unleashed extraordinary growth in the Arweave ecosystem.
To put this growth in perspective, the Arweave network is on track to process 15x as many data uploads in November as it did in August!
The next phase of growth is now here: making Arweave’s storage capabilities universally accessible across all platforms, with any tokens. The first network we are excited to partner with on this journey is Polygon.
Polygon is a super fast, ultra-low fee adjunct to Ethereum. This new integration of Arweave (via Bundlr Network) with Polygon allows users of the network to easily upload data to the Arweave network using tokens native to Polygon.
Polygon is the leading interoperability platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to a range of scalable technologies, along with lower gas fees which attracts massive numbers of smaller transactions.
This integration is live and ready for developers to use today via the resources here.
The next step for this partnership is to roll this integration into all the wallets in the Polygon ecosystem, bringing these new capabilities directly to end-users. To accelerate these integrations Arweave, Polygon and Bundlr are thrilled to announce the launch of a $9,000 USD developer grant to bring these features into the wallets
Check out the specs here and get hacking!
The native Arweave token (AR) token is a multi-utility token used throughout the Arweave ecosystem. Moreover, the AR token provides a crucial foundation for network security through incentivization. With two primary use cases, the AR token rewards network miners and pays for data upload fees within the network. Network miners must first store and serve data to mine fresh AR tokens. Furthermore, a participant in the network can use the same crypto wallet address for being both a user and a miner.
To interact with Arweave and use the AR token, users must first download and install the Arweave wallet. The Arweave wallet is available as a web browser extension for Chrome, Firefox, and Brave. Furthermore, the Arweave wallet serves as a cold storage wallet and is currently the only hardware wallet that supports the AR token. However, in the future, the AR token may be compatible with other cold storage wallets.
One of the foundational technologies that powers the Arweave project is the blockweave. The blockweave is a derivative of blockchain technology. The blockweave data structure was purpose-built for the Arweave protocol. A blockweave works in a similar way to a blockchain in that it is a connecting chain of blocks full of transactions linking to previous blocks of transactions. However, the blockweave data structure requires all miners within the network to present a ‘Proof of Access’ (PoA) to historical data before they can add new blocks to the chain.
Whereas many blockchains require miners to use electricity to earn mining rewards, miners throughout the Arweave network use data replication to receive rewards. This means that, in order to earn mining rewards, miners must share valuable information held across the decentralized network. This makes blockweave and Proof of Access (PoA) more energy efficient than most blockchain networks.
The permaweb is a worldwide community-owned web. Anyone can contribute to the permaweb to maintain it and receive payment for doing so. On the surface, the permaweb appears to be just like the normal web. However, all content the permaweb holds is permanent, decentralized, and easily retrievable. This includes images, text, applications, and just about anything else that lives on the web.
The permaweb is a collection of documents and applications interlinked on top of the Arweave data storage layer. Once a user adds content or data to the permaweb, it is immutably stored and will always be accessible (with the exception of illicit or abusive content). Following the submission of files to the permaweb, nobody can alter them, including the publisher. This encourages integrity and verifiability throughout the network.
For the Arweave data storage system to perform at optimal levels, data must be transfers must be quick, efficient, and be instantly accessible. Plus, access to data must be free wherever possible. To address this, the Arweave network uses an additional incentive layer to make the sharing of data free.
Wildfire is a ranking system based on how quickly network nodes can respond to and fulfill data requests. The faster a network peer can distribute new blocks and transactions to the network, the higher they rank. Moreover, peers with the highest rank receive data requests first. As such, network peers have financial incentives to fulfill data requests as quickly as possible, increasing their chances of completing further data requests. Plus, any peers that severely underperform can be blacklisted from the network entirely.
Traditional blockchains usually distribute a full block to each node in the network after mining new blocks. Even if a node already has most of the data within a block, they still receive a duplicate. Not only does this make reaching consensus slower, but it also wastes resources when broadcasting vast amounts of data unnecessarily.
Blockshadows addresses this issue by minimizing the amount of duplicated data broadcast throughout the network. As such, the network can achieve consensus much faster. Plus, the throughput of the network increases as a result. This works by decoupling parts of transactions from blocks. Instead of sending full blocks to each node, nodes in the network receive a reduced block “shadow”. Peers can then reconstruct this reduced block into a full block.
Moreover, the blockshadowing system facilitates flexible block distribution with ultra-fast transaction speeds thanks to the expediting of network consensus. Plus, the fluctuation of network fees during times of congestion is relatively low.
The democratic moderation of illicit and abusive material is of the utmost importance to the Arweave team. Just as the traditional web monitors and moderates such content, so too does the Arweave network. However, the Arweave community uses a range of tools to ensure that censorship only occurs when it is necessary. Tools for achieving this are built into the Arweave protocol, allowing network users to decide what content should be available and what should be prohibitively inaccessible.
When a user submits a transaction, data storers have the option of replicating the associated data. Data storers can filter and screen any content to ensure that users do not gain exposure to illegal or otherwise unsavory material. Plus, if they deem any data to be abusive, they can simply choose not to broadcast it. Also, Arweave works closely with the Internet Watch Foundation to minimize the broadcasting of offensive and harmful material. The servers used to view the permaweb can implement further moderation policies to safeguard users should illicit data be broadcast. Furthermore, users of the permaweb can report abusive material to Arweave to have it removed.
The innovative blockchain produces blocks every 400 milliseconds. From the user-end, Solana is one of the most cost-efficient smart contract-enabled blockchains. Under the hood of Solana, the protocol breaks down into four key layers. First is the core blockchain layer, then there is the infrastructure components layer, the protocol layer, and finally, the user-end layer for asset management and aggregators. Arweave plays a critical role in the infrastructure layer, facilitating decentralized storage for Solana.
Estimates suggest that Solana produces up to four petabytes of data each year (or 4,096 Terabytes). As such, Arweave and Solana are introducing the SOLAR Bridge as a result of their partnership. The SOLAR Bridge is tailor-made to enable Solana to store data on Arweave’s permaweb. This creates a decentralized, easy-to-access, and publicly available storage solution that can handle immense scalability. Moreover, Arweave is paving the way for decentralized storage options interoperable with other blockchains in the industry.
Arweave was founded in 2017 by Sam Williams. The company is headquartered in London, UK. Arweave went through Techstars Berlin’s mentorship program in 2018 and went live in June that year. Arweave has developed a new type of blockchain based on Moore’s Law of the declining cost of data storage.
Source : arweave , kraken , moralis , medium , bundlr , gobundlr
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