Arweave (AR) Coin is a project that aims to store information permanently using blockchain technology. According to developers, the Arweave platform and project represent a new information storage system, allowing users to store information “infinitely” using this platform.
Arweave is built on four core technologies and has created a low-cost and high-capacity permanent storage system. The project, based on the Proof-of-Access consensus model, aims to reward individuals who access the system.
Arweave Coin is the cryptocurrency of the project that aims to store information indefinitely using blockchain technology. The more storage contributions are made to the platform, the higher the chances of earning AR Coin.
At the time of writing, the unit price of Arweave Coin is stated as $2.25 and the total market value is $75 million, making it the 124th largest cryptocurrency. On September 1, 2020, AR Coin reached a value of $7 and a total market value of $234 million. Since then, a continuous decline in its value has been observed.
Nevertheless, this project stands out from other cryptocurrency projects with its information storage model and is built on solid foundations. Those who want to buy AR Coin can use the Huobi cryptocurrency exchange.