Arweave, referred to as Hyper Parallel Computer by its developers, made its AO (Arweave Operating System) Mainnet live on 9 Feb.
The live Mainnet comes after a year-long public testnet that Arweave launched in February 2024. As the promising decentralized storage project, it aims to reshape the internet by bringing its dynamic layer of permaweb – powered by AO and Arweave – into the mainstream solutions of storing data. It seeks to enable permanent data storage of websites, documents, and applications on a blockchain-like structure called the “permaweb”. Arweave uses Proof of Access (PoA) consensus to permanently store data without the fear of losing it.
In simple words, Arweave is using components of the Blockchain and applying them to transferable layer of the internet (https) to present it as an alternative to traditionaly used avenues of storing data – cloud computing.
Native token launch of AO
Distinct from its AR token, Arweave also launched its AO token, in parallel to making Arweave AO Mainnet made. Built on Bitcoin’s halving mechanism model, AO token has a capped supply of 21 million tokens in which 36% of the tokens are to be reserved for Arweave (AR) token holders.
The tokens, with 4-year release cycle play a major economic model in the Arweave ecosystem, incentivising users for engagements. Presented as the uniquely monetised model, they can be used to pay transaction fees for accessing AO’s storage capabilities. It also allows participants to stake them in order to become validators. The remaining 64% of tokens are kept secured for promoting economic activity within the AO ecosystem. Furthermore, after this launch, the tokens that were minted and distributed to AR holders earlier, are now made transferable.
Decentralising Data Storage
Sam Williams-founded decentralized platform, Arweave, enables parallelized processing – allowing multiple computational tasks at the same time. It presents itself as a platform that can be used to permanently store any data, say, websites, applications and important documents. AO core, as its foundational protocol, allows it to transfer every request, such as ‘loading a webpage’ or ‘using an API’ into a potential AO cryptic transaction. Using Trusted Execution Environments (TEE), AO servers run in highly secure environments to achieve a higher level of verifiability and security.
The private computing abilities offered by it will allow developers to build secure decentralized exchanges, verifiable private voting systems, and confidential smart contracts. Aiming to build the next generation of privacy-focused applications, it provides further economic incentives to the users by launching its token – AO.
Thus, with its revolutionary idea, Arweave may lead the decentralisation of the traditionally centralised storage infrastructure -pioneered by Web2. Moreover, if implemented in Finance and governance where permanent and tamper-proof computations are crucial, it can generate revolutionary benefits for the global governance.
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