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 put up on X June 22.
In line with Williams, AO’s Complete 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 information storage options.
Hyper-parallel computing entails using an enormous variety of processors concurrently to carry out quite a few computations, dramatically rising effectivity and pace. This makes AO significantly well-suited for duties that demand important computational assets, reminiscent of large-scale simulations, complicated information evaluation, and AI mannequin coaching.
In line with analysis on hyper-parallel computing, this methodology leverages the facility of distributed processing to sort out issues that conventional programs discover difficult to deal with effectively.
Arweave, then again, makes use of a blockchain-like construction referred to as “blockweave” to retailer information completely, making certain that when information is written, it can’t be altered or deleted.
This immutability of information has important implications for information integrity and safety, making Arweave a beautiful possibility for builders searching for dependable, long-term information storage options.
The Truthful Launch of AO
A important side of AO’s introduction to the market was the truthful launch of its token. Within the context of blockchain and cryptocurrency, a good launch signifies that the venture’s tokens had 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 chance of market manipulation.
The AO community was launched in February, however the token issuance passed off on June 13. For AO, the truthful launch concerned the issuance of 21 million tokens, with a halving schedule set for each 4 years. This mechanism, much 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 line with a report on cryptocurrency truthful launches, this not solely helps management inflation but in addition introduces a deflationary side 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 speedy progress of AO highlights a major development within the blockchain and DeFi area: the rising demand for high-performance computing options amid the standard computational limitations of blockchains. As extra initiatives and functions require substantial computational assets, the attraction of hyper-parallel computing platforms like AO will proceed to rise.
On the time of press 12:35 am UTC on Jun. 23, 2024, Arweave is ranked #49 by market cap and the worth 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. Study extra about Arweave ›
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 the moment at 54.06%. Study extra in regards to the crypto market ›
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