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AO, a hyper-parallel pc, noticed an inflow of $260 million stETH pre-bridged to its platform, propelling it to grow to be the twenty eighth largest decentralized finance (DeFi) financial system over the previous 4 days, Arweave and AO founder Sam Williams famous in a submit on X June 22.
In keeping with Williams, AO’s Whole Worth Locked (TVL) now matches that of Cardano ($209.43 million), surpassing notable blockchain initiatives reminiscent of zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.
Understanding AO and Arweave
AO makes use of a decentralized computational mannequin to allow parallel processing of functions, together with synthetic intelligence (AI) apps. It’s primarily based on Arweave, which supplies everlasting knowledge storage options.
Hyper-parallel computing entails using an enormous variety of processors concurrently to carry out quite a few computations, dramatically rising effectivity and velocity. This makes AO significantly well-suited for duties that demand important computational sources, reminiscent of large-scale simulations, advanced knowledge evaluation, and AI mannequin coaching.
In keeping with analysis on hyper-parallel computing, this technique leverages the facility of distributed processing to sort out issues that conventional methods discover difficult to deal with effectively.
Arweave, however, makes use of a blockchain-like construction known as “blockweave” to retailer knowledge completely, making certain that after knowledge is written, it can’t be altered or deleted.
This immutability of information has important implications for knowledge integrity and safety, making Arweave a pretty choice for builders in search of dependable, long-term knowledge storage options.
The Honest Launch of AO
A vital facet of AO’s introduction to the market was the honest launch of its token. Within the context of blockchain and cryptocurrency, a good launch implies that the mission’s tokens have been distributed with none preferential therapy or pre-sale to insiders.
In different phrases, 100% of the minted tokens can be found to the whole neighborhood. This strategy fosters a extra decentralized and equitable distribution of tokens, encouraging broader participation and lowering the danger of market manipulation.
The AO community was launched in February, however the token issuance befell on June 13. For AO, the honest launch concerned the issuance of 21 million tokens, with a halving schedule set for each 4 years. This mechanism, just like Bitcoin’s halving course of, reduces the reward for mining new blocks, thereby controlling the speed at which new tokens are launched into circulation.
In keeping with a report on cryptocurrency honest launches, this not solely helps management inflation but additionally introduces a deflationary facet over time, doubtlessly rising the worth of the tokens as their shortage grows.
The Way forward for AO and Hyper-Parallel Computing in DeFi
The fast development of AO highlights a big pattern within the blockchain and DeFi house: the rising demand for high-performance computing options amid the traditional computational limitations of blockchains. As extra initiatives and functions require substantial computational sources, the attraction of hyper-parallel computing platforms like AO will proceed to rise.
Arweave Market Knowledge
On the time of press 12:35 am UTC on Jun. 23, 2024, Arweave is ranked #49 by market cap and the value is down 2.46% over the previous 24 hours. Arweave has a market capitalization of $1.8 billion with a 24-hour buying and selling quantity of $51.43 million. Be taught extra about Arweave ›
Crypto Market Abstract
On the time of press 12:35 am UTC on Jun. 23, 2024, the entire crypto market is valued at at $2.34 trillion with a 24-hour quantity of $35.03 billion. Bitcoin dominance is at present at 54.06%. Be taught extra concerning the crypto market ›
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