👉👉👉 #Decentralized Data Storage Altcoin Surges More Than 100% This Week Amid #Testnet Rollout of New Network Project
A decentralized data storage altcoin experienced a remarkable surge of over 104% this week following the introduction of a new project.
The native asset, AR, associated with Arweave, a protocol designed to facilitate permanent data storage on a decentralized and open network, has seen a significant uptick in its value. Trading at $27.79, AR has notably risen from $13.62 just one week ago.
The surge in AR's value was primarily driven by the announcement from Sam Williams, Arweave's co-founder and CEO, regarding the launch of a testnet for AO, a hyperparallel computer operating on the project's network.
AO, the new computing environment, aims to enhance scalability and merge the advantages of smart contract applications with traditional computing environments.
According to AO's website, it functions as a unified computing environment hosted on a distributed network of heterogeneous nodes, allowing for an array of parallel processes coordinated through an open message passing layer.
This month, Arweave also witnessed its highest number of transactions to date. Following the launch of AO on Tuesday, the project saw a surge in transaction volume, with over 600 transactions per second recorded.
Despite the significant gains made this week, AR is still approximately 69% below its all-time high of $89.24, reached in November 2021.
Source - dailyhodl.com
