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- Solana Partnership Analysis – Arweave
Solana Partnership Analysis – Arweave
As blockchains scale there is a need to store data permanently. As Solana is so f’kin fast, running at ~50,000 transactions per second, it is estimate that this would generate a requirement to store 4 petabytes of data per year. With it’s partnership with Arweave, Solana hopes to ensure it’s blockchain data is securely and scalably stored.
What is Arweave?
Arweave offers scalable and permanent data storage. Information stored on the Arweave network is backed by sustainable and perpetual endowments, and is tamper-proof, distributed, and decentralized. As a collectively owned hard drive, Arweave allows us to remember and preserve valuable information, apps, and history.
Official Solana & Arweave Partnership Announcement
The partnership was announced on 1st August 2020 on the official Solana Labs Medium Blog. A Bounty of $15,000 USD (15,000 DAI) was announced for developers to build a Solana Arweave Bridge to connect the two platforms by the 28th August 2020.
The hackathon will take place from July 29th to August 28th. The submission deadline is August 28th @ 23:59 PM PST.
How Many Hackathon Applicants are There?
There have been 10 applicants that have made their intent public over on Gitcoin.co
From those ten applicants, three have been vocal on the Arweave-Bridge Discord Chat.
@TheLoneRonin – Github Repo Link
@EVGenuiz
@PrinceSinha19 – HackMD Link
There are 12 Days Left Until the Bounty Ends!
Good luck all