Add Support for Arweave

Proposal Summary

Trust Wallet is looking to add support for Arweave, which is a data storage protocol that enables permanent storage of digital assets such as transactions, smart contracts, Web pages, videos, images, and more, directly on its native blockchain.

What is Arweave?

Arweave is a protocol that allows you to store data with a single upfront fee. The protocol matches people who have hard drive space to spare with those individuals and organizations that need to store data or host content permanently.

The Arweave team has created a censorship-free new data storage protocol on a blockchain-like structure called the Blockweave. The Blockweave is based on a novel proof of access consensus mechanism that makes truly permanent, low-cost data storage available for the first time.

The Blockweave solves two fundamental problems currently associated with public decentralized blockchains:

1. On-chain storage constraints; and
2. Unsustainable consensus mechanisms

The Blockweave forms the underlying data structure of the Permaweb. An arrangement of data, web pages and decentralized applications hosted on the Blockweave and accessible via normal web browsers.

The native Arweave token (AR) token is a crucial foundation for network security of the Arweave ecosystem. The AR token has two primary use cases:

1. rewards network miners; and
2. pays for data upload fees within the network

Benefit to Trust Wallet

Arweave intends to considerably alter standards of the data storage industry, and to create a new internet where information is perpetually accessible. A variety of applications have already been built on the permaweb, which allows you to archive websites and store your code on the blockchain. Additionally, Arweave can be used for the permanent storage of NFTs which is one of the main functionalities of the Trust Wallet app.

Additional Resources:

• Arweave Wiki
• Binance Research