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What is Arweave coin (AR) and how does it work?

by Financial Economy

Arweave (AR) Coin is a project aimed at permanence of information with blockchain technology. In the statement made by Arweave developers, it is emphasized that this platform and project is a new information storage system. In other words, users and developers will be able to store information “forever” using Arweave. Detailed information about what is Arweave coin AR and how does it work, graphic analysis, on which exchanges it is listed, how much is the price, etc. is located in the continuation of the article. You can browse here for information about SAFEMOON coin.

What is Arweave coin (AR) and how does it work?

The project was first announced as Archain in August 2017, then renamed Arweave in February 2018 and officially launched in June 2018. Arweave is built on four core technologies, creating a low-cost, high-capacity permanent storage system. The project, which has a Proof-of-Access consensus model, aims to win awards as long as people access the system.

The crypto currency of the project, which aims to store information forever using blockchain technology, is known as AR Coin. Using Arweave Coin, information can be stored. The more users store on the platform, the more AR Coins they have a chance to earn.

How much does Arweave coin (AR) cost? Arwave coin (AR) chart analysis!

As of July 2, 2021, the value of 1 AR is around $10.88. The total supply of Arweave coins is 63,190,435 units. When the Arwave chart is examined, it is seen that the AR price has followed a fluctuating course. Arweave coin saw its highest value so far 2 months ago and then its price was withdrawn. Investors are wondering how the AR coin will draw graph in the rest of 2021. It would not be correct to make a definite comment on this matter. Because, as with many investors, there are uncertainties in crypto money.

Arweave coin can be purchased from crypto exchanges where it is listed. Preferring “reliable” cryptocurrency exchanges when trading will be in the best interest of the investor.

Note: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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