BlockchainBrad chats with Arweave CEO Sam Williams about a new data storage blockchain protocol based on a novel proof of access consensus mechanism that creates truly permanent data storage for the first time. Now data is finally permanent, low-cost, and truly censorship free.
Arweave claim they are the New Backbone of the Decentralised Internet
The Arweave Protocol
Arweave is a new data storage blockchain protocol based on a novel proof of access consensus mechanism.
The blockweave revolutionises the traditional, useless, high-energy output of typical blockchains. The Arweave is based on a new consensus mechanism called ‘proof of access’, which instead of producing the negative externality of high energy consumption, produces a positive externality; that of low-cost, permanent on-chain storage for the very first time.
I invested in Arweave, meaning I bought Arweave Tokens in the pre sale & thus I support its long term utility. This is not a sponsored video in anyway. I don’t take payment for videos and never will. This was my own personal investment. I do several reporting videos without investment interests, but in this case I decided to invest.