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The full English name of AR coin is Arweave, which is a digital currency in the metaverse concept sector invested by a16z. In fact, Arweave is a new blockchain storage platform. The advantage of this platform is that it can overcome some problems existing in blockchain data storage, including scalability, data availability and cost issues. This is actually the reason why this project is related to The fundamental difference between most blockchain storage solutions. As a distributed storage network built on blockchain technology, Arweave's goal is to become a browsable home network for the Internet. So what exactly is AR currency? Now, let the editor of the currency circle take you to understand the AR currency in an article.

## What is AR coin?

AR is Arweave’s native utility token with the following use cases:

Miner Rewards: Miners in the network receive AR tokens for mining new blocks, which requires them to store and provide data. A wallet owner may be both a user and a miner.

Transaction Fees: Users wishing to transact on the block will have to pay transaction fees in AR tokens.

The agreement consists of the following main components:

Permaweb: A collection of interconnected documents and applications where everything is permanent. The browser will have access to all data stored on the network. Because the Arweave network itself is built on HTTP.

Benefit Sharing Community: Arweave is developing an ecosystem to empower founders, contributors and users. Founders can connect with the Arweave community and issue profit-sharing tokens to raise funds and interact with the community.

Content Moderation: Nodes are not forced to store any data. As such, storage is only guaranteed on a probabilistic and network level, allowing individual miners to enforce content policies by selecting which blocks and transactions they wish to store.

## What about AR coins?

Arweave was founded in August 2017 and graduated from Berlin’s Techstars startup accelerator program in April 2018. As a file storage protocol based on blockchain, Arweave has the characteristics of one-time payment and permanent storage of files. Arweave provides a "Permaweb permanent network" solution. Internet users can implement it on the blockchain through the Arweave browser plug-in. Permanently store digital files and data such as web pages, emails, social media posts, and more.

Arweave previously used proof of access,
POA) incentivizes miners to store history forever. On February 25, 2021, Arweave completed the upgrade of the new competitive consensus SPoRA. SPoRA is a new competitive consensus mechanism based on the Arweave network to prohibit miners from retrieving data on demand from the network and reduce network energy consumption. It can fundamentally increase the number of data copies stored in the network to 100-1000 times the order of magnitude. , while moving more computation on that network to storage.

Arweave adopts Profit Sharing Token (PST)
, which fundamentally improves the way developers create web services. In this mechanism, a permanent application developed based on the Arweave protocol can issue a "Profit Sharing Token PST". Whenever a user interacts with the application and generates a transaction on the Arweave network, a specific PST token will be issued. Holders send tips denominated in Arweave’s native token AR, and the allocated amount will be based on the holding share ratio of that PST token. Currently, there are more than 250 applications created based on the Arweave protocol, including content distribution platforms, social platforms, file storage solutions, developer tools, archiving robots, decentralized exchanges, etc.

The above content is the currency circle editor’s detailed explanation of what AR currency is. I hope investors can understand AR currency in one article. The Arweave project is different from IPFS. FS focuses on decentralized storage, Storj focuses on enterprise storage services, and Arweave focuses on permanent storage. It targets the specific market demand for permanent storage and solves the current problem. There are some problems on the Internet such as limited freedom of speech, excessive censorship, and easy tampering. In terms of specific applications, this project is suitable for areas with more restricted network access. Users can continue to store this information permanently through the Arweave browser plug-in.