Crypto Report: Blockweave Technology to Maintain Records

The video discusses the Ukraine-Russia tension and introduces block weave technology as a decentralized storage solution to counter state censorship. It explains how cryptography ensures data integrity and highlights the global accessibility of stored data, using the example of Apple Daily in China. The video also covers the role of tokens in incentivizing participation and the growth of the community through funding from major investors.

What is the primary purpose of the block weave technology developed by Arweave?

• To develop a social media platform

• To counter state censorship and preserve online information

• To improve internet speed

• To create a new cryptocurrency

How does Arweave ensure that stored data remains unaltered?

• Through a storage-based proof of work system

• By using a centralized server

• By storing data in a single location

• By encrypting data with a password

What example is given to illustrate the use of Arweave's technology in preserving information?

• Wikipedia entries

• The New York Times articles

• Apple Daily in China

• BBC News reports

What role does the Arweave token play in the ecosystem?

• It is used to buy goods online

• It incentivizes people to participate in the network

• It is a form of digital art

• It is used to pay taxes

What is one of the goals of Arweave's recent fundraising efforts?

• To build a new headquarters

• To back new founders and create enterprise solutions

• To develop a gaming platform

• To launch a new social media app