Arweave to Release Software Update

Arweave has rolled out version 2.9.4.1, addressing a bug in the reference client that previously prevented miners from continuing replica_2.9 data operations. All involved users are strongly advised to upgrade immediately.Starting from block height 1642850, the network will reject any blocks containing composite data. Miners must also stop submitting such blocks to avoid propagation of invalid data.All other nodes do not require upgrading.AR InfoArweave is a decentralized storage network designed for indefinite data storage. It functions as a “collectively owned hard drive” that supports “the permaweb”, a permanent, decentralized web with various community-driven applications and platforms.The Arweave network operates using a “blockweave” technology, a variation of blockchain where each block is linked to both the previous block and a random earlier one. This structure incentivizes miners to store more data, as they need to access random previous blocks to add new ones and earn rewards. This mechanism ensures the indefinite storage and accessibility of data across time.The native cryptocurrency of the Arweave network, AR, is used to compensate miners for storing the network’s data indefinitely. Arweave also supports a sustainable ecosystem with “profit sharing tokens”, enabling developers to earn dividends from transaction fees generated by their applications. Additionally, the project provides support to startups through its “Boost” program, offering free storage and access to the Arweave team and industry investors.