Community and Media6.0/10
- Good hype of the project.
- Good pre sales.
- Reports shows good support for the site.
- Lots of claims.
- Whitepaper is mess and headache. Nearly impossible to understand for a normal people.
According to a research more than 82.6% population in the world are using computer in 2018. Now if I ask you that do you use computer I am sure that 9 out 10 will say yes.
As we use computer we have different types of OS such as Windows, Linux, Dos, and etc.
Now as a user we know that our computer or operating system has some boundaries. They have some limitation in technology that we cannot cross as a normal user. We can do every day to day life in our computer but cannot build or cannot go beyond its operating system of computer.
Now being a user do you ever had a thought of an unbounded computer which has no limit?
If yes then do read this post till end because we are going to talk about “Dfinity”.
What is Dfinity?
Dfinity is a blockchain computer with unlimited capacity, more powerful performance, and algorithmic governance shared by the world.
DFINITY is building a new kind of public decentralized cloud computing resource. This runs upon a new blockchain computer that is similar in concept to Ethereum but has extended improved performance and, ultimately, unlimited capacity.
Business applications which will run on this computer will be unstoppable and won’t need to involve complex components such as databases, backup and restore systems or Amazon Web Services. This will cut the costs 90%.
It can be reduced more by the supporting human capital required. Of course, such a powerful public resource requires governance.
How does the Dfinity platform works?
DFINITY network involves a top-level Threshold Relay chain that produces randomness and progresses with minimal “reorganizations” while addressing many of the technical vulnerabilities that have troubled the industry such as “selfish mining” or “nothing at stake”.
The random heartbeat produced by the chain drives other crypto systems the network depends upon, while recording a single root hash that anchors all the data stored in the virtual computer, no matter how large it gets
Threshold Relay generates randomness by applying the BLS cryptography scheme from Stanford University in a new way.
How Dfinity will solve modern computing problems?
A key challenge for decentralized cloud networks is finalizing computational transactions quickly. Currently, computations only become final after some minutes, and developers of applications such as decentralized financial exchanges struggle to communicate this to their users and provide an acceptable user experience.
Dfinity uses Threshold Relay chains to address current limitations.
Dfinity is designed to scale-out to handle unlimited computation, but even in the initial Copper release the network will provide dramatic gains without implementing the crypto scale-out systems scheduled to start appearing in Tungsten.
This is because Threshold Relay chains do not involve the “Poisson process” of Proof-of-Work systems and miners can spend known periods of time validating transactions without suffering commercial disadvantage.
Governance of Dfinity?
The platform uses the Decentralized Intelligence (DI). Dfinity is a decentralized world computer platform. The platform is managed by DI which is integrated in the system. It can make arbitrary changes. This helps to reduce misuse and protect users. It fixes problems related to optimized network configuration and easily upgrades the protocols.
The system depends upon human-controlled “neurons” operated by special client software. These follow each other and flood to decisions.
Neurons are created by depositing Dfinities and earn rewards for performance of voting services. While the expertise within the crowd is to maximum advantage. This follow relationships exist at the edges of the network making the decision process unknowable, protecting participants.
Dfinity connectivity solutions?
The service on private local area networks (LANs) can connect out into public services on the wider Internet.
A private cloud network created using Ethereum technology is isolated and the smart contract software it hosts cannot call into systems hosted on the public network. Dfinity aims to break this chain.
The ZINC release of DFINITY will allow software methods called at the highest level on private systems to be “decorated” with a single call to a system installed on the public DFINITY network. The system then ensures that either both the private and public method are executed, or neither is executed (the technical term is that code execution is “atomic”).
Now a single call to software can result in computation taking place on otherwise separate decentralized networks.
Token – TBA
Fundraising goal – 90,000,000 USD
Sold on pre-sale – 4,000,000
Available for token sale – 4.75%
The project has good hype and completed its pre-sales’ very well. The overall reviews from investors are good. Although many of important informations are missing from the whitepaper and company not even tried to explain that yet. In fact the whitepaper is just a trash and nothing more than that. It does not have any sort of information related to the real project. I don’t know why the developers don’t want to be transparent for their specific plans even when the project is doing so damn good.
So I hope you like this post. Please share this post with your friends and family.
- 1 Difinity ICO
- 2 Pros
- 3 Cons
- 4 What is Dfinity?
- 5 How does the Dfinity platform works?
- 6 How Dfinity will solve modern computing problems?
- 7 Governance of Dfinity?
- 8 Dfinity connectivity solutions?
- 9 Token Info
- 10 Token Distribution
- 11 Conclusion