Hello everyone, I am Eleven. New knowledge every day, today we will learn about AR currency.
What is AR coin?
The full name of AR coin is Arweave, which is an ecological token of a new blockchain storage platform. It was issued in October 2019 with a maximum total supply of 66,000,000AR. AR is a new blockchain storage platform designed to overcome the scalability, data availability and cost issues existing in blockchain data storage. This is also what differentiates AR from most blockchain storage solutions.
We can use the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal) and moving average convergence divergence (MACD) in the figure to determine the price pattern of (AR), to determine the future direction.
Looking at the picture above, we can see that today’s AR price increased by +5.67% in 24 hours, the 24-hour trading volume was 4.3848 million, and the 24-hour trading volume was 192 million.
Then we must realize that the AR network is actually a storage network based on blockchain technology, which uses links between blocks to form a structure called "blockweave". Then Eleven believes that the characteristics of this structure allow each block to point to other blocks directly or indirectly, forming a more secure storage network.
Eleven believes that compared with existing centralized storage solutions, AR has the following advantages:
The Arweave network's data storage and access does not rely on a single entity, reducing the risk of centralized server failure and data leakage.
Data in the Arweave network can be stored permanently and will not be lost due to the failure of the data storage party or being attacked.
Data is stored in encrypted form on the Arweave network, protecting user privacy.
At present, the market of AR currency is showing a stabilizing trend, with a strong daily increase. A pullback is an opportunity, seize it.
If you have any questions, you can ask me directly. As long as Shiyi knows anything, I will tell you everything!
