Home Latest Cryptocurrency News You can now buy Arweave, which gained 12% in a week: here’s where

You can now buy Arweave, which gained 12% in a week: here’s where

By Daniela Kirova - min read
28 February 2022

Against the background of a generally bearish market, Arweave is one of the top gainers of the week. Currently trading for just over $31, it gained 12% over the past 7 days and another 7% today.

If you want to know what this crypto is, if it would make a good investment, and the best platforms to buy it now, you’ve come to the right place.

Top places to buy Arweave now

Bitvavo

The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.

Buy AR with Bitvavo today

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy AR with KuCoin today

What is Arweave?

It 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 coin seeks to ensure the “collective ability to store and share information between individuals and across time to new generations.”

Its flagship permaweb is built on top of Arweave’s “blockweave,” a variation of blockchain technology in which each block is linked to both the one immediately prior and also a random earlier one.

Arweave says this incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards.

Should I buy it today?

Arweave can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.