The Internet computer DFINITY was officially launched, and the “Genesis Block Unlocking” proposal will trigger the network nervous system to release ICP governance tokens on May 10.
Written by: DFINITY
- This major milestone means that the Internet can now act as a decentralized global computer-the symbol is that the source code of all Internet computers has been released into the public domain
- The Internet computer is the world’s first blockchain to run with unlimited capacity and network speed, which solves the scientific challenge of the “Blockchain Impossible Triangle”-that is, to create a decentralized, secure and scalable blockchain
- The launch of Internet computers also brought about a scientific breakthrough called “Internet Identity”-allowing the Internet to safely manage user identities locally without the need for usernames, passwords or encryption keys
Today, the DFINITY Foundation, a non-profit organization headquartered in Zurich, Switzerland, launched the Internet computer to transform the public Internet into a decentralized global computer.
The Internet computer has expanded the capabilities of the Internet, upgrading it from a network that connects billions of people to a more powerful network. It has also provided millions of developers and entrepreneurs around the world with a revolutionary public computing platform for encryption Industry start-ups and companies ready to embrace blockchain use.
The core of the Internet computer is the world’s first blockchain with unlimited capacity and running at network speed-solving the “blockchain impossible triangle” problem by creating a decentralized, secure and scalable blockchain network . It uses a set of encryption protocols called “Chain Key Technology” to achieve this goal. This scientific achievement enables the network neural system of Internet computers (NNS, an algorithmic governance system that controls the entire network) to absorb thousands of independent Data centers and millions of special node machines join the network. The Internet computer is an open platform that frees the world from reliance on centralized server clusters and makes it possible to host software and data directly in cyberspace without relying on proprietary cloud services, servers, software stacks, databases, and firewalls. Such traditional IT facilities.
Picture: “Internet Computer” was created by the ICP protocol and has now become a part of the public Internet
For the encryption industry, Internet computers aim to complete the three major innovations of public blockchains-starting with Bitcoin, developing to Ethereum, and finally Internet computers. The creation of Internet computers now makes possible new types of software: open mass market Internet services run by a tokenized governance system (aka autonomous software), such as the open versions of TikTok, WhatsApp, and LinkedIn. These decentralized applications only require Use less than a thousand lines of code, and can support millions of users.
Picture: CanCan-the open and tokenized version of TikTok, which runs on an Internet computer and can be accessed through any browser or mobile device
The release of Internet computers also brought about a scientific breakthrough called “Internet Identity.” This is a revolutionary operating mechanism: it enables Internet computers to manage user identities in a local and secure manner, without the need for user names, passwords or encryption keys. End users will use “Internet Identity” to register or log in to applications such as CanCan or OpenChat, while ensuring that end-to-end encryption security can be achieved through Chain Key technology.
Dominic Williams, Chief Scientist and Founder of DFINITY, said: “I hope everyone can imagine a world: Here, you can safely enjoy online services using only the device, and you can safely use online services without providing a user name and password or access to encryption key materials. Verify your identity; here, you can avoid being tracked when you use different Internet services; here, everything is much more convenient than any identity verification service you use today.”
Picture: Screenshot of “Internet Identity”-an online identity solution for accessing Internet computer applications
Internet computers are the culmination of 5 years of in-depth research and development by many of the world’s top cryptographers, distributed systems and programming language experts. The result is a decentralized global computer platform, independent of the platform as part of the public Internet-its sign is that all relevant open source codes have been released into the public domain.
“Looking forward, the DFINITY Foundation, the newly established Internet Computer Association and many other organizations will make unremitting efforts to optimize Internet computer technology and support all those who participate in the ecosystem. The DFINITY Foundation also plans to continue to expand its research and development business.” Said Dominic Williams, founder and chief scientist of DFINITY. “In the next 20 years, the open Internet will eventually be much larger than the closed proprietary ecosystem of some technology giants. The latter is now in the final stage of decline, but ancient codes like COBOL are still running. The closed ecology will not disappear. Now, many vital information infrastructures, systems and services of our global society will operate on an open, unstoppable and tamper-proof Internet computer blockchain network. This will bring things to life. A profound change in the mode of operation and support for an incredible and richer Internet ecosystem, which contains more innovation, collaboration and vitality, can promote positive economic growth around the world.”
At startup, Internet computers were supported by 48 independent data centers — distributed in North America, Europe, and Asia — running 1,300 nodes. The network will continue to grow exponentially to support the next generation of large-scale applications. It is expected that by the end of this year there will be 123 data centers running 4,300 nodes, and eventually thousands of data centers will run millions of nodes to support the open Internet Construction in the next ten years.
Finally, ICP application tokens are native governance tokens that play three key roles in the network: (1) promote network governance; (2) pay for hosting software; and (3) reward participation in governance or provide calculations for hosting networks. On May 10, in the final decentralization step, the “Genesis Block Unlocking” proposal will trigger the Network Neural System (NNS) to release ICP governance tokens. This will allow thousands of Internet computer token holders to create “voting neurons” that control NNS and even the entire network.
Ecological project
Internet computers are released simultaneously with some well-known entrepreneurs and applications built on this network. include:
DeFi
- Enso Finance-Decentralized exchange, has received US$5 million in financing
- Tacen-a high-performance non-custodial exchange that has received US$2.5 million in financing
- SailFish-the portal to open financial services
social media
- Distrikt-a decentralized professional social media network. This is the open version of LinkedIn displayed by DFINITY at the 2020 World Economic Forum in Davos, and it is now on the market.
- OpenChat-an open version of the standard chat application, not under the control of any technology giant
- CanCan-the open version of TikTok, showing the powerful scalability and functions of Internet computers
- Capsule-a decentralized social media platform that is free from censorship, has raised 1.5 million US dollars
infrastructure
- Fleek-allows people to easily build open websites and applications. There are now 14,000 websites running on this platform.
Decentralized application
- Origyn-a pan-industry platform for tracing the source of luxury goods, starting from the traceability of luxury watches
Governance Token (ICP)
Now, all 469,213,710 governance tokens are located on the network and supervised by the Network Neural System (NNS). NNS is an autonomous software that manages Internet computers. It is responsible for management from economic models to system upgrades to the absorption of independent data centers.
Financing history
In 2018, the DFINITY Foundation raised a total of $102 million from investors including Andreessen Horowitz and Polychain Capital.
About DFINITY
The DFINITY Foundation is a non-profit organization based in Zurich, Switzerland. It manages research centers in Palo Alto, San Francisco, Tokyo and Zurich. Its mission is to build, promote, and maintain Internet computers, and in this way make the world a better place. Internet computers extend the functionality of the Internet from connecting billions of people to a public computing platform that also provides millions of developers and entrepreneurs, thus creating a revolutionary new method for building websites in an open environment. Enterprise systems and Internet services. This public software development platform was created by independent data centers around the world that use an advanced decentralized protocol called ICP to aggregate computing power. Therefore, this revolutionary change in computing aims to block the technology giants and return the Internet to its free and open roots and origins. DFINITY was founded by Dominic Williams in 2016.
About Internet Computer
Internet computers extend the functionality of the Internet from connecting billions of people (via the TCP/IP protocol) to providing a public computing platform for millions of developers and entrepreneurs (via the ICP protocol), and create a revolutionary construction Websites, enterprise systems, pan-industry platforms, DeFi applications and new ways to open Internet services. Now, companies and government agencies have a real choice: whether to deploy software and services directly on the public Internet, or continue to use proprietary and insecure servers controlled by tech giants.
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