📣 Potential Hard Fork Causes AR Token Price Decline
posted 18 Dec 2023
The price of the AR token, belonging to the Arweave decentralized data
storage platform, fell by 13% amid speculation about a potential hard
fork. Sam Williams, the founder of the platform, indicated that data
storage solutions provider Irys is contemplating a network reset.
Williams
suggested that such moves are motivated by the greed of Irys's
leadership, aiming to reset data sets and the token supply.
Consequently, he advised users to abandon Irys on the platform in favor
of alternative providers.
“Approach
shortsightedly hampers even their own project of permanent storage. If
the dataset and token supply are consistently reset, no fork can ever
succeed at the long-term mission," stated the Arweave founder.
On
the other hand, Irys has refuted Williams' claims, seeing them as an
attempt to impose censorship on his platform. Therefore, Irys's
management has called on users to adopt their technological solution.
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