Arweave Price Tops $2.02 on Major Exchanges (AR)

Arweave (AR) traded up 5.2% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM Eastern on June 13th. One Arweave coin can currently be bought for $2.02 or 0.00003162 BTC on cryptocurrency exchanges. Over the last seven days, Arweave has traded 10.1% higher against the U.S. dollar. Arweave has a total market cap of $132,419,695.02 trillion and $26.60 million worth of Arweave was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $63,839.62 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $207.45 or 0.00324950 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $11.79 or 0.00018462 BTC.
• eCash (XEC) traded up 0.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 23.8% against the dollar and now trades at $0.0024 or 0.00000004 BTC.

About Arweave

AR is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2018. Arweave’s total supply is 65,652,466 coins and its circulating supply is 9,223,372,036,854,775,807 coins. The official website for Arweave is www.arweave.org. Arweave’s official Twitter account is @arweaveeco and its Facebook page is accessible here. The official message board for Arweave is medium.com/@arweave. The Reddit community for Arweave is https://reddit.com/r/arweave and the currency’s Github account can be viewed here.

According to CryptoCompare, “Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets,” the network primarily hosts “the permaweb” — a permanent, decentralized web with a number of community-driven applications and platforms. The Arweave network uses a native cryptocurrency, AR, to pay “miners” to indefinitely store the network’s information. The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018. The core technology that powers the Arweave is the blockweave. Just as a blockchain is a linked collection of blocks containing transactions, a blockweave — specifically designed for the Arweave protocol — is a set of blocks that contain data, linking to multiple previous blocks from the network. This data structure allows the network to an enforce that miners provide a ‘Proof of Access’ (PoA) to old data in order to add new blocks. Unlike in a traditional blockchain, where miners are forced to expend electricity in order to earn tokens, in the Arweave network miners are also encouraged to replicate valuable data (the information stored in the network) in order to gain tokens. This mechanism offsets the value that is normally wasted in blockchain networks, with useful, energy efficient storage of data. Discord, Medium, Reddit, GitHubLightpaper”

Arweave Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Arweave directly using U.S. dollars. Investors seeking to acquire Arweave should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Arweave using one of the aforementioned exchanges.

AR/USD price chart by TradingView