[What is the currency of AR that has increased 4 times this month? Good news: Arweave computing network AO testnet has been launched, and Permaswap announced that it will become the first DEX to support AO tokens]
According to TechFlow news, not long ago, Arweave announced the launch of its computing network AO. This move marks Arweave’s bid farewell to pure decentralized storage and enters the era of storage + computing parallelism.
In the early hours of yesterday morning Beijing time, AO Network officially announced the launch of its test network. As a network that supports multi-process parallel processing and is scalable, AO aims to integrate applications in the Arweave ecosystem and improve their interoperability.
After the launch of the test network, major projects in the Arweave ecosystem including everPay, MEM, Warp, and Permaswap have announced plans to access the AO test network to expand their capabilities.
In particular, Permaswap, the decentralized exchange platform (DEX) in the Arweave ecosystem, stated that it will become the first platform to launch $AO token trading, marking the further expansion of the Arweave ecosystem in the field of decentralized finance (DeFi).
★What is AR Coin?
Arweave, referred to as AR, is a new type of blockchain storage infrastructure dedicated to solving the data storage and security challenges faced by the current society. Unlike traditional storage projects, Arweave is a new public chain storage project that is permanent, non-tamperable and highly secure.
Arweave was founded in August 2017 and graduated from Berlin’s Techstars startup accelerator program in April 2018. As a file storage protocol based on blockchain, Arweave has the characteristics of one-time payment and permanent storage of files. Arweave provides a "Permaweb permanent network" solution. Internet users can implement it on the blockchain through the Arweave browser plug-in. Permanently store digital files and data such as web pages, emails, social media posts, and more.
