Internet Computer, Arweave Rally, Take Lead in Current Crypto Rally

  • The crypto market is experiencing a rally, with ICP and AR among the top performers, showing significant gains.
  • ICP soared 40% in a week, fuelled by blockchain-based AI developments, highlighting its potential ahead of a web3 festival.
  • AR rose nearly 30% after launching a testnet for aoTheComputer, offering scalable, decentralised computing via holographic state.

The past few hours have seen a crypto rally and almost all assets are in the green and making gains. While Bitcoin and Ethereum gain around 4% on the 24-hour timeframe, two altcoins are leading the rally. These coins have gained over 10% in that past day and one even 40% week-on-week.

Related: “Rich Dad Poor Dad” Author Robert Kiyosaki Says Buy Bitcoin Not Stocks

Internet Computer ICP

The Internet Computer (ICP) has gained 40% from last week, 15% in the past 24 hours alone and is the best performing digital asset of the moment.

According to reports blockchain-based AI developments are said to be coming to ICP.

AI is arguably one of the biggest trends right now and we are likely to hear more on the topic during the web3 festival in Hong Kong in early April when Jan Camenish, the Chief Technology Officer of Dfinity, will participate in a panel discussion.

The Internet Computer (ICP), 7-day graph, source: CoinMarketCap

The Internet Computer, developed by the DFINITY Foundation, seeks to transform the internet into a public computing platform, hosting software and services directly on the web to eliminate reliance on traditional servers and cloud services, with the goal of decentralising the internet and its software services.

Arweave (AR)

Arweave (AR) has gained almost 30% in the past week, with 13% of that growth stemming from the past 24 hours. AR’s surge comes on the back of a recent testnet launch of a so-called hyper parallel computer. Dubbed aoTheComputer the project has already made some of its own announcements.

Holographic state is a key innovation used in ao that enables boundless scalability for decentralized compute.

Instead of coming to consensus about the state of computation itself, ao ensures logs of interactions are stored on Arweave, creating a ‘hologram’ of the state. 👇 pic.twitter.com/kOAxkrz5Pl

— ao (@aoTheComputer) March 25, 2024

Holographic state, utilised in ao, facilitates limitless scalability for decentralised computing by focusing on storing interaction logs on Arweave to create a ‘hologram’ of computational state, rather than achieving consensus on the state itself.

Arweave (AR), 7-day graph, source: CoinMarketCap

Related: ASIC Commissioner Unveils Strategy To Tackle Blockchain’s Regulatory Trilemma

Arweave provides a decentralised storage network for permanent data storage using a unique “blockweave” structure, enabling scalable, one-time fee, on-chain storage for long-term data preservation.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Minto Metals produces 26 million lbs copper in 2021 thumbnail

Minto Metals produces 26 million lbs copper in 2021

Minto Metals Corp. [MNTO-TSXV] reported production results at its Minto mine, Yukon, for the 12-month period ended December 31, 2021, and it has made a purchase price deferral and provided its operational guidance for the calendar year 2022. Minto completed 2021 with consolidated production totalling 26 million pounds of payable copper, a 46% increase versus…
Read More
Ripple to Launch a $250M Creator Fund to Bring NFTs to XRP Ledger thumbnail

Ripple to Launch a $250M Creator Fund to Bring NFTs to XRP Ledger

Ripple has announced the establishment of a new fund worth $250 million to support the building of non-fungible token projects on its XRP ledger. The company promised to provide artists with the necessary support. Ripple took it to Twitter earlier on September 29th to outlined its newest endeavor, which this time will focus on the…
Read More
Walmart Wants to Take Ad Dollars from Amazon, Facebook, Google thumbnail

Walmart Wants to Take Ad Dollars from Amazon, Facebook, Google

Online advertising has been incredibly lucrative for Facebook, Google, and perhaps surprisingly Amazon  (AMZN) - Get Amazon.com, Inc. Report. Meta's (FB) - Get Meta Platforms Inc. Class A Report Facebook alone took in nearly $115 billion in advertising last year and $84,169 billion in 2020. Alphabet’s (GOOGL) - Get Alphabet Inc. Class A Report Google took…
Read More
DOL to add 100 wage and hour investigators thumbnail

DOL to add 100 wage and hour investigators

First published on Dive Brief: The U.S. Department of Labor will add 100 investigators to support its Wage and Hour Division, the agency announced earlier this month.  Investigators will conduct investigations to ensure workers are receiving their full wages, promote compliance through outreach and public education programs and aid in efforts to fight against worker retaliation…
Read More
Eletrobras aprova o valor de R$ 121,03 mi de saldo a receber por Ceron thumbnail

Eletrobras aprova o valor de R$ 121,03 mi de saldo a receber por Ceron

O conselho de administração da Eletrobras aprovou o montante de R$ 121,03 milhões referente ao valor apurado do Ativo Imobilizado em Curso (AIC) da Ceron, atualmente Energisa Rondônia, decorrente do processo de privatização da subsidiária em 2018. Além disso, as empresas assinaram o contrato de ressarcimento do AIC. Com isso, a Energisa Rondônia vai realizar…
Read More
Index Of News