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COINTURK NEWS > Altcoin News > Arweave’s AO Platform Launches, Paving the Way for Decentralized Computing
Altcoin News

Arweave’s AO Platform Launches, Paving the Way for Decentralized Computing

In Brief

  • Arweave launches the AO platform for decentralized computing capabilities.

  • AO coin features a fixed supply of 21 million, promoting economic growth.

  • Users can trade and transfer coins following the mainnet activation.

İlayda Peker
İlayda Peker 3 months ago
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The popular altcoin Arweave has officially launched the AO platform on its main network, after a year of testing. This decentralized computing platform stands out with its parallel processing capabilities and is built on Arweave’s permanent data storage infrastructure. With the mainnet launch, AO coins have become transferable, allowing users to utilize the 21 million fixed supply of AO coins distributed to AR holders and testnet participants.

Contents
AO and the Arweave Ecosystem: From Permanent Data to Decentralized ComputingAO Coin Economy and Distribution Planning

AO and the Arweave Ecosystem: From Permanent Data to Decentralized Computing

AO is described by developers as a “hyper-parallel computer,” offering the capacity for parallel processing on the blockchain. This computing power is based on Arweave’s permanent data storage infrastructure, ensuring that information is stored immutably. Message processing and data integrity are among AO’s foundational elements.

Altcoin Arweave

The AO platform aims to expand the existing infrastructure of the Arweave ecosystem, attracting more developers and users. Particularly, autonomous assistants running on-chain and AI applications will benefit from the parallel processing capabilities AO offers. This development is expected to increase demand for Arweave’s storage services and create new opportunities within the ecosystem.

In addition to data processing, AO plays a significant role in providing economic benefits to the Arweave ecosystem. Developers will gain the opportunity to create more extensive applications on the platform.

AO Coin Economy and Distribution Planning

The AO coin features a fixed supply of 21 million, similar to Bitcoin $106,219. 36% of the altcoin will be distributed to Arweave (AR) holders over time, while the remaining 64% will be used to promote economic growth. Users can earn rewards by investing popular altcoins like DAI and stETH into the AO ecosystem.

Before the mainnet launch, over 700 million dollars’ worth of assets were transferred to the AO testnet. With the mainnet now active, users can transfer and trade these coins.

The primary function of the AO coin is to incentivize message verification processes on the network and enhance the network’s reliability. This mechanism ensures the AO platform operates securely and efficiently.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 9 February, 2025 - 2:35 pm 9 February, 2025 - 2:35 pm
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