2024

Arweave

Polygon

Zero

Billion

<h4><strong>Reaching 1 billion transactions in 1,868 days showcased a gradual increase in platform engagement and data storage.</strong></h4> 
<p>Growth accelerated sharply, with transactions soaring from 1 to 2 billion in 153 days, and then to 3 billion in just 55 days.</p> 
<h5><strong>Arweave’s Exponential Growth: From 1 to 3 Billion Transactions</strong></h5> 
<p>Arweave’s rapid growth can be attributed to its unique value proposition in the blockchain and data storage sectors. Users of <a href="https://www.altcoinbuzz.io/?s=Arweave" target="_blank" rel="noopener">Arweave</a> pay zero fees on top of the base storage costs, a feature that is not only attractive but crucial for its wide-scale adoption. This model offers cost-stable decentralized storage, perfect for long-term data-keeping.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">3 billion transactions. Congratulations! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>0 -&gt; 1b: 1,868&nbsp;days.<br>1b -&gt; 2b: 153 days.<br>2b -&gt; 3b: 55 days.</p> 
 <p>Even cooler: Users pay literally zero fees on top of base storage costs. And never will.</p> 
 <p>Coolest: Endowment contributions alone make Arweave sporadically deflationary. <a href="https://t.co/nnYlmFqaDf">pic.twitter.com/nnYlmFqaDf</a></p> 
 <p>— <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f418.png" alt="🐘" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> sam.arweave.dev (@samecwilliams) <a href="https://twitter.com/samecwilliams/status/1757541645501788386?ref_src=twsrc%5Etfw">February 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>One of the most innovative aspects of Arweave is its endowment model, which ensures the permanence of data storage. The endowment contributions, paid once by users for storage, are invested, with the returns used to sustain the network indefinitely. This model has an interesting economic implication for Arweave, making it sporadically deflationary. Arweave’s model counters traditional networks’ rising fees with a stable base storage cost, simplifying user expenses.</p> 
<h5><strong>More About Arweave</strong></h5> 
<p>The deflationary aspect of Arweave is critical in a digital ecosystem where the value of digital assets and currencies can be volatile. Arweave’s model, potentially lowering storage costs over time with endowment returns, provides sustainable data permanence. This ensures long-term <a href="https://www.altcoinbuzz.io/?s=data+storage" target="_blank" rel="noopener">data storage</a> without the worry of future fee hikes or network changes impacting data access or maintenance.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Yesterday Arweave…</p> 
 <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Was deflationary.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Didn't charge its users any fees above endowment costs (and never will).<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ran at ~330 TPS all day. For context, that is…</p> 
 <p>25x Ethereum<br>16x Algorand<br>11x Arbitrum<br>&gt;8x Polygon PoS</p> 
 <p>Have we mentioned that Arweave actually scales? <a href="https://t.co/o6DOxnwh3D">https://t.co/o6DOxnwh3D</a> <a href="https://t.co/7pO7mOFwZC">pic.twitter.com/7pO7mOFwZC</a></p> 
 <p>— <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f418.png" alt="🐘" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> sam.arweave.dev (@samecwilliams) <a href="https://twitter.com/samecwilliams/status/1755126415547085061?ref_src=twsrc%5Etfw">February 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As the platform continues to evolve, its innovative approach to data storage, combined with its deflationary economic model, positions Arweave as a key player in the future of decentralized data management and preservation.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="2UUEklk27xc">
 <iframe title="Look Out! Crypto Whales are Accumulating These 3 Altcoins NOW" width="696" height="392" src="https://www.youtube.com/embed/2UUEklk27xc?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/arweave-hits-3-billion-transactions-with-zero-fee-model/">Arweave Hits 3 Billion Transactions with Zero Fee Model</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Arweave Hits 3 Billion Transactions with Zero Fee Model

Altcoin Buzz

Other articles published on Feb 15, 2024

Bitcoin’s Rally to 53k: Bears Face a Slaughter

Blockchain Group Declares ‘War’ – US Senator’s Anti-Crypto Bill Endangers National Security

Analyzing BONK’s Rise: Is the Price Increase Here to Stay?

Analysts Predict Bullish Forecast For Celestia (TIA) and Sandbox (SAND), Pullix (PLX) Rakes in Ov...

Palm Collective Gives Creators Opportunity to Showcase Work at NFT Paris Exhibition

Solana-Based Liquidity Provider Jupiter Gains Attention with Price Movements

Join our free newsletter for daily crypto updates!