AO, a brand new protocol constructed on Arweave’s everlasting knowledge storage layer, will launch on June 13, in line with a statement launched on Might 30.
Arweave co-founder Sam Williams described the venture as “Bitcoin, however a supercomputer on Arweave.”
Tokenomics
AO could have a token that trades below the ticker AO. The venture could have a 100% honest launch with out pre-mining, pre-sales, or preferential entry. group members can mint their tokens by bridging to AO, holding Arweave’s native AR token, or constructing.
This strategy ensures the group has full entry to the token. The entire provide will likely be 21 million cash, just like Bitcoin, with a four-year halving cycle.
A non-profit group would run the venture in accordance with a mechanism that focuses on the group. Nevertheless, people within the US and sanctioned jurisdictions can’t mint the tokens.
AO’s options
AO was developed to deal with the necessity for a scalable blockchain resolution. Its modular structure enhances scalability, enabling excessive transaction volumes and parallel processing.
The platform introduces AOS, an working system that helps the Lua programming language and facilitates varied purposes. AO’s superior knowledge storage capabilities can deal with huge datasets, equivalent to these utilized in AI modeling and enormous language fashions (LLMs).
Moreover, AO is suitable with the Ethereum Digital Machine and different blockchain protocols by WebAssembly for good contracts.
DeFi researcher Ignas highlighted AO’s goal to mix blockchain’s reliability and safety with the efficiency of high-end business servers like Amazon AWS. He added:
“One standout function of AO is its parallel processing skill, permitting quite a few processes to run concurrently with out affecting one another. It’s like a smartphone that by no means slows down, no matter what number of apps are operating.”