AO, a hyperparallel computer built on the Arweave platform, recently attracted attention in the decentralized finance (DeFi) space as it saw a massive $260 million worth of stETH pre-bridged. (bridging available). This boom helped AO become the 28th largest DeFi economy in just four days, equivalent to Cardano’s Total Value Locked (TVL).
$205m pre-bridged to @aoTheComputer in just 3 days.
AO is now the 28th largest DeFi economy. TVL equal to Cardano.
Larger than: zkSync, Fantom, Scroll, Algorand, Filecoin, ICP, and many more.
Devs: Liquidity has arrived. Just built.
100% fair launch. 21m. 4 year halving. pic.twitter.com/4drWO7pbj0
— 🐘🔗 sam.arweave.dev (@samecwilliams) June 21, 2024
Understanding AO and Arweave
AO uses a hyper-parallel computing model, which involves using multiple processors at the same time to handle large computational tasks efficiently. This architecture is ideal for applications that require large computational resources, such as large-scale simulations and AI model training. The distributed nature of the AO allows it to perform these tasks in a distributed and efficient manner.
Arweave provides permanent data storage solutions through a “blockweave” structure, ensuring data cannot be changed after storage. This characteristic is important for maintaining long-term data integrity and security, making Arweave the preferred choice for developers who need a reliable data storage solution.
Fair issuance and Tokenomics
AO tokens are issued with a fair distribution model, where 100% of the tokens are offered to the community without prioritization or pre-sale to insiders. This method encourages decentralized distribution and fair participation, compatible with the tenets of blockchain technology.
AO launched its native token on June 13, distributing 21 million tokens with a four-year halving schedule. This mechanism controls inflation and introduces gradual discounting factors over time, which can increase the value of the token as scarcity increases, similar to Bitcoin’s process of decreasing rewards.
Future prospects
The rapid explosion of AO highlights the trend of increasing demand for high-performance computing solutions in the blockchain and DeFi sectors. As applications demand more powerful computing power, platforms like AO with their hyper-parallel computing architecture will play a key role in meeting these needs efficiently.
The integration of hyper-parallel computing into DeFi represents an important step forward, addressing the traditional computational limitations of blockchain technology. This trend emphasizes the shift to modern and scalable solutions to support complex financial applications and more.
In summary, the integration of AO’s hyper-parallel computing with Arweave’s data persistence provides a compelling proposition in the evolving landscape of blockchain technology and decentralized finance. These fair issuance and cutting-edge technologies put AO in a key position to shape the future of computing power in the blockchain ecosystem.
Itadori
According to Cryptoslate
