What are the fees associated with using Arweave?
The fees associated with using Arweave are relatively low compared to other blockchain networks.
The main fee associated with using Arweave is the transaction fee, which is paid in the native token, AR. This fee is used to incentivize miners to process transactions and secure the network. The transaction fee is calculated based on the size of the transaction and is currently set at 0.
01 AR per kilobyte (KB). This means that a transaction of 1 KB would cost 0.01 AR, while a transaction of 10 KB would cost 0.
1 AR. The fees are also dynamic and can change depending on network conditions. In addition to the transaction fee, there are also storage fees associated with using Arweave.
These fees are paid in AR and are used to incentivize miners to store data on the network for longer periods of time. The storage fees are calculated based on how long data is stored on the network and currently range from 0.001 AR per month for data stored for up to 6 months, up to 0.
005 AR per month for data stored for more than 24 months. Finally, there are also mining rewards associated with using Arweave which miners can earn by processing transactions and securing the network. These rewards are paid out in AR tokens and currently range from 1-2 AR per block mined depending on network conditions.
