By CoinList

Dfinity ICP

A public decentralized cloud designed to host the next generation of software and services
Profile

Dfinity is a blockchain-based cloud computing project. Its aim is to develop a decentralized “internet computer that will become the cloud 3.0.

DFINITY is a decentralized network design whose protocols generate a reliable “virtual blockchain computer” running on top of a peer-to-peer network upon which software can be installed and can operate in the tamperproof mode of smart contracts. The goal is for the virtual computer to finalize computations quickly (using short block times and by requiring only a small number of blocks as “confirmations”), to provide predictable performance (by keeping the time between confirmations approximately constant), and for computational and storage capacity to scale up without bounds as demand for its services increases (using novel validation mechanisms and sharding systems discussed in our other papers). The protocols must be secure against an adversary controlling less than a certain critical proportion of its nodes, must generate cryptographic randomness (which is required by advanced decentralized applications) and must maintain a decentralized nature as it grows in size to millions of nodes.

DFINITY’s consensus mechanism has four layers: notary (provides fast finality guarantees to clients and external observers), blockchain (builds a blockchain from validated transactions via the Probabilistic Slot Protocol driven by the random beacon), random beacon (provides the source of randomness for all higher layers like smart contract applications), and identity (provides a registry of all clients).

Recent News
F61afd6e 5562 4b16 a71c 6a70b4307192 1648270852 F61afd6e 5562 4b16 a71c 6a70b4307192 1648270852
Wanxiang Blockchain Labs, New Chainbase, and DFINITY Foundation Announce the Launch of 2022 IC Bootcamp
Mar 24 · PR Newswire · SHANGHAI, March 24, 2022 /PRNewswire/ -- On March 11th, Wanxiang Blockchain Labs, New Chainbase, and the DFINITY Foundation partnered to announce the 2022 IC Bootcamp, an Internet Computer training program focused on connecting great startup projects being built on the Internet Computer...
E61a81e7 c364 4fed aef8 197165a25fb4 1648270851 E61a81e7 c364 4fed aef8 197165a25fb4 1648270851
Wanxiang Blockchain Labs, New Chainbase, and DFINITY Foundation Announce the Launch of 2022 IC Bootcamp
Mar 24 · PR Newswire · SHANGHAI, March 24, 2022 /PRNewswire/ -- On March 11th, Wanxiang Blockchain Labs, New Chainbase, and the DFINITY Foundation partnered to announce the 2022 IC Bootcamp, an Internet Computer training program focused on connecting great startup projects being built on the Internet Computer blockchain worldwide with ecosystem resources to jointly explore and develop Web3 dapps, DeFi, games, NFTs, social media, and infrastructure and metaverse projects.
1aa0274c 6059 4535 b864 186b811cb896 1648270850 1aa0274c 6059 4535 b864 186b811cb896 1648270850
Internet Computer eyes 50% move as ICP enters 'falling wedge' breakout territory
Mar 23 · Coin Telegraph · The price of Internet Computer (ICP) reversed directions after falling to its record low near $14.50 on Feb. 24 and has rebounded by more than 30% ever since.
6 Shares
18883166 ad9a 4fab 9690 74cfd0d4806a 1647486052 18883166 ad9a 4fab 9690 74cfd0d4806a 1647486052
Internet Computer founder's $250M plan to help end the war in Ukraine
Mar 17 · Coin Telegraph · Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards.
12 Shares
01dfed7b 4efb 4c14 be71 8b482ff2857f 1643601665 01dfed7b 4efb 4c14 be71 8b482ff2857f 1643601665
Internet Computer plans to roll out BTC and ETH integrations by year-end
Jan 31 · Coin Telegraph · “Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys,” wrote Director of Product at Dfinity, Diego Prats, in a Jan. 29 roadmap post.
14 Shares