Internet Advancements From Dfinity

DFINITYDfinity USA is a company that aims to change the functionality, control and access of the internet. Its founder, Dominic Williams, is an experienced entrepreneur, computer scientist and theoretician. His goal for Dfinity USA is to build and maintain what is now called the Internet Computer. The Internet Computer runs an alternative internet based on blockchain. Although its initial purpose was to run cryptocurrency services, it has since grown in scope. It could be Cloud 3.0 and a big change to the internet as most people know it today.

Background of Dfinity USA

After its 2016 launch, Dfinity USA started the Dfinity Computer. In 2017, Mr. Williams held an ICO, and it generated an astounding $195 million. The next year, he arranged an airdrop of tokens, which resulted in a $25 million intake of funds. He used these funds to set up the Dfinity Foundation, headquartered in Zurich, Switzerland. The Beacon Fund, which offers funding for developers who build decentralized apps, also received monies from these offerings.

Purpose of the Internet Computer

In the view of Mr. Williams, the centralized server farms that power some of the internet’s most popular applications are the bane of the internet. They attract hackers and slow down the processing of transactions. A decentralized blockchain enhances security and speed, argues Mr. Williams. In an interview, Mr. Williams stated that decentralizing the internet makes it more open and accessible to people who do not have the opportunity to use proprietary software or languages.

Current Internet Computer Apps

Dfinity FoundationThe Internet Computer is up and running on more than 4,300 nodes. Mr. Williams would like to see it add another 25% nodes this year. One app already live on the Internet Computer is Origyn. If a person has a piece of digital art or a luxury item that they want to verify, this service will do it. Another app that people can use on the Internet Computer is Fleek. This tool allows people to build websites with open-source code and drag-and-drop functionality. Soon to come is an app, OpenChat, that will allow users to maintain more digital privacy.