Arweave launched version 2.0 of decentralized file storage
Arweave continues to develop a decentralized online data warehouse. To scale the solution, Arweave 2.0 uses fast write and batch transaction mechanisms.
Six months after Arweave received $ 5 million in funding to develop a decentralized online data warehouse, CEO Sam Williams spoke about the progress that has been made over that period. He said the system being developed is "starting to get a mind of its own.
Since November, the number of apps on Arweave has doubled from 100 to over 200, while the number of daily transactions has also increased, growing from 147,000 to nearly 1.75 million, Williams said. The firm completed an additional $ 8.3 million token sale last month.
Arweave works on the same principle as other blockchain file storage services such as Filecoin or Storj, but has more ambitious ambitions, backed by new technical developments introduced in Arweave 2.0.
The team is working on "virtually unlimited" and permanent storage of data, and aims to create a digital version of the Library of Alexandria. “Arweave 2.0 takes the mechanisms we built into Arweave 1.0 and scales it to storage sizes that are so large that they seem infinite to the average user,” Williams said.
According to Williams, the team relies on two new features in Arweave 2.0: the "fast write" mechanism and batch transactions. Fast Record stores evidence of a transaction occurring at the root of the Merkle tree on the network, with the data being transferred to local storage through the nodes that want to transfer the information. This makes the network lighter and faster.
Tezos Implements Chainlink Decentralized Pricing Oracles
Tezos has partnered with oracle provider Chainlink to provide real-time pricing data for community projects.
Integration means that projects on Tezos will be able to leverage active price streams for various assets when building products, such as Decentralized Finance (DeFi) applications.
Price oracle providers provide the infrastructure needed to scale cryptocurrency products, especially in the DeFi industry, where crypto assets are traded in various secondary Tumbler, making pricing difficult.
Chainlink oracles organize and validate price flows from internal and external sources to obtain a reliable average price. The firm's oracles have been integrated in various forms into Google, Oracle and SWIFT, as well as cryptocurrency projects bZx, Polkadot, and the Celsius Network. The Cryptonomic project has created a SmartPy language that will be used to develop smart contracts required to deploy Chainlink oracles on Tezos infrastructure.
Chainlink when creating smart contracts
We recommend that Tezos developers use Chainlink when creating smart contracts, as Chainlink's secure, decentralized oracle network opens up new scenarios in DeFi and other areas,” says Cryptonomic co-founder Vishakh Null.
Chainlink CEO Sergei Nazarov noted that many firms are moving to contract-based solutions for oracles due to the difficulties associated with creating a decentralized pricing system. He said that this endeavor is like creating an entirely new blockchain. As reported in the Cryptonomic blog, the integration was funded by a grant from the Tezos Foundation.
According to analysts from IntoTheBlock, 43% of all BTC in circulation has not moved for at least 2 years. This is 10% more than a year ago.
- 4.04 million BTC have not been touched for more than 5 years;
- 1.04 million is 3 to 5 years old;
- 2.82 million bits are stored for 2 to 3 years.