Arweave is a decentralized storage network that promises permanent storage, i.e., once you pay to store something on Arweave, it will be stored on Arweave FOREVER.
This sounds great, except for the following:
- Arweave is extremely expensive. If you stored the same file on S3 versus Arweave, you could store the file for upwards of 18 years and have it still be cheaper than storing on Arweave. As a result of this extremely high price, we think that the market potential for Arweave is limited. Which means less money to be made as an Arweave node, versus becoming a node on the Foggie Network.
- The Arweave network design is pretty unscalable. At the time of this writing, every Arweave node needs to keep an entire copy of all data stored in the Arweave network. This will increase the capital cost associated with becoming an Arweave node.