Internet Computer

DFINITY IT aims to replace the traditional IT stack with its Internet Computer Protocol (ICP) and eliminate the intermediary role of big tech companies to build a public blockchain network hosted by a global collection of independent data centers. The standard behind DFINITY Internet Computers, (ICP) allows software to run in a distributed manner over the Internet, rather than using servers controlled by large companies. This makes it possible to develop applications that are not owned, controlled or censored by any entity, creating opportunities to recreate popular Internet services such as social media applications in an open, decentralized manner. 
DFINITY claims its Internet Computer is highly scalable and runs at network speed, with some functions taking milliseconds. This network consists of a neural network system called (NNS) open autonomous algorithm software system Manage its native utility coin is ICP (formerly known as DFN). The Internet computer protocol was built by the DFINITY Foundation, a non-profit group based in Zug, Switzerland. 
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DFINITY Internet computers are intended to accommodate use cases such as decentralized finance (DeFi) platforms, enterprise IT systems, and websites. In 2020, DFINITY launched an open professional profile network called LinkedUp and CanCan, a video-sharing social networking service, to show how popular social media apps could be rebuilt as decentralized and owner-less. Although DFINITY does not intend to continue developing these applications, it has open-source code for these projects for developers who want to build on them. 
<span class=" qL-size-14 ql-font microsoftyahei ql-author-58030660" Projects built on Facebook include Fleek, which allows web sites to be built on Internet computers, and Capsule Social, a censor-resistant Social media platform. 
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DFINITY Internet Computer The network consists of four building blocks organized in a hierarchical order. On the base, There are managed networks nodes independent data center. Unlike Bitcoin and Ethereum, Internet computer nodes must meet minimum standards of technical specifications, so not every computer or machine can run nodes. 
 Co-managed nodes A a specific blockchain structure that can be integrated with other blockchains. Unlike other blockchains, Internet computer subnets do not use proof-of-work or proof-of-interest consensus mechanisms to process transactions. On the contrary, Subnetworks pass Chain Key Smart contracts Indicates the transaction status. Chain Key technology runs a "divide-and-conquer" approach by dividing the execution of smart contract functions into two types (query calls and update calls), which improves the overall efficiency and speed of ICP encrypted networks. 
 Subnet reverse hosting Software container , DFINITY describes it as an "extensible smart contract". The software container uses the " loop ", a mechanism equivalent to Ethereum gas to power computing and memory management. Cycles are created by ICP tokens, whose value is almost constant, ensuring that the cost of computation does not fluctuate. Cycles reflect operating costs such as hardware, energy, storage and bandwidth and are consumed as they are used. 
<h4 class="ql-long-58030660" data-header="2"> Token economics </h4>
DFINITY Internet Computers are controlled by their networked nervous system, which controls all aspects of the network, including its structure, economy, and determines which data centers can host nodes. NNS is an autonomous master blockchain, meaning it operates without oversight from a central group and has a public key to verify all ICP transactions. It also creates new subnets on demand. 
 The ICP token has two uses: First, they can be locked inside the NNS to create "neurons" that can then vote on governance proposals and be rewarded for their votes; Second, they can be converted into loops to power calculations done by the software container. 
<h4 class="ql-long-58030660" data-header="2"> Towards DFINITY and beyond </h4>
 Compared with open public networks such as Ethereum and Bitcoin, DFINITY's unique infrastructure unleashing speed and efficiency advantages because it does not adhere to the same decentralized standards in its network of nodes and consensus mechanisms. This makes DFINITY particularly suitable for use cases where limited participation networks are appropriate for an enterprise, rather than general public uses where more equitable access is required. While many blockchain networks are incremental gains with slight modifications to each other to achieve utility, DFINITY has launched a completely unique iteration of blockchain technology that is full of utility and potential. 
DFINITY Internet computers could provide solutions to key issues facing the technology industry, including security and scalability issues and monopolies in Internet services. DFINITY is one of many projects competing to address these issues in the race to provide infrastructure for the next generation of the Internet.

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Dominic is a crypto theorist and entrepreneur. His recent research includes threshold relay and PSC chains, validation towers and trees, and USCID, and has come up with new ideas, such as 3E for Sybil Resistance. Previously, he used his own distributed system, with millions of users, to run VC-backed Mmos.

Dominic Williams

Gian is an experienced entrepreneur, fund manager and board member. He currently serves on the DFINITY Foundation Council in Switzerland and helps oversee operations there. He has extensive experience in the blockchain field, having co-founded Bity, Europe's leading digital asset exchange, with many other businesses.

Gian Bochsler

Jan is a leading scientist who has published over 120 widely cited papers in the fields of privacy and cryptography. Prior to that, he spent 19 years as a principal researcher at IBM, where he co-founded the Identity Mixer, a unique encryption protocol for authentication. He is a fellow of IEEE and IACR and has received many awards for his work.

Jan Camenisch

Michael previously led the global communications teams at IBM and HP and recently acquired Pivotal Software through a successful IPO. Before that, he worked for DNC Chairman David Wilhelm to change the lives of ordinary people whose clients included Hillary Clinton, Jesse Jackson Sr., and Barack Obama. Also created TV shows for ABC, Comedy Central and Showtime. He holds a BACHELOR's degree in economics and a Master's degree in economic Policy from the University of Chicago and an MBA from the Kellogg School of Management.

Michael Lee

Artia brings extensive operational experience to DFINITY as a startup entrepreneur, blockchain enthusiast, and venture capitalist (who also invested in Dominic's former company). He joined the team to expand its internal operations and non-technical teams. Prior to that, He received a Bachelor of Science degree from Columbia University.

Artia Moghbel

Prior to joining DFINITY, Sanam was Vice President of Legal at Box, where he led various teams including corporate, Commercial, product, privacy, Litigation, INTELLECTUAL Property, employment and Risk. She began her legal career as an intellectual property litigator at Kilpatrick Townsend&Stockton before transitioning to Orrick, Herrington&Sutcliffe as a technology transaction lawyer, supporting start-ups and large corporations. She holds a B.S. in Biology from the University of California, Los Angeles, an M.S. in Biological Sciences from Stanford University and a J.D. from the University of California, Davis School of Law.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	ICP/USDT	7.9780	-5.31%	$16,527,263.07	11.0732%	2024-09-16 19:41:32
2	Gate.io	2	Gate.io	ICP/USDT	7.9860	-5.2%	$7,893,831.53	5.2888%	2024-09-16 19:40:41
3	OKX	3	OKX	ICP/USDT	7.9860	-5.27%	$3,751,817.27	2.5137%	2024-09-16 19:41:23
4	Coinbase Pro	4	Coinbase Pro	ICP/BTC	0.00015300	0%	$3,426,034.72	2.2954%	2024-09-16 19:41:20
5	KuCoin	5	KuCoin	ICP/USDT	7.9810	-5.26%	$2,493,741.52	1.6708%	2024-09-16 19:39:58
6	Bitget	6	Bitget	ICP/USDT	7.9820	-5.26%	$1,804,746.5	1.2092%	2024-09-16 19:39:54
7	Kraken	7	Kraken	ICP/USD	$8.00	-5.33%	$716,688.12	0.4802%	2024-09-16 19:40:45
8	MEXC	8	MEXC	ICP/USDT	7.9870	-5.4%	$570,427.15	0.3822%	2024-09-16 19:41:35
9	HitBTC	9	HitBTC	ICP/USDT	7.9890	-5.2%	$503,474.26	0.3373%	2024-09-16 19:40:45
10	Kraken	10	Kraken	ICP/EUR	7.1920	-5.78%	$361,011.9	0.2419%	2024-09-16 19:40:45
11	Coinbase Pro	11	Coinbase Pro	ICP/EUR	8.0200	0%	$321,020.51	0.2151%	2024-09-16 19:33:49
12	Coinbase Pro	12	Coinbase Pro	ICP/USDT	8.8100	0%	$319,033	0.2138%	2024-09-16 19:40:38

	Volume(24H)	Trading Percent
OKX	OKX	$3,978,104.26	5.3477%	Visit
Binance	Binance	$17,118,933.69	23.0126%	Visit
Coinbase Pro	Coinbase Pro	$4,290,889.21	5.7682%	Visit
Bitfinex	Bitfinex	$4,587	0.0062%	Visit
Kraken	Kraken	$1,077,700.02	1.4487%	Visit
Gate.io	Gate.io	$7,894,943.52	10.6130%	Visit
KuCoin	KuCoin	$2,499,615.55	3.3602%	Visit
Crypto.com Exchange	Crypto.com Exchange	$228,133.66	0.3067%	Visit
Bitget	Bitget	$1,804,746.5	2.4261%	Visit
MEXC	MEXC	$570,427.15	0.7668%	Visit
HitBTC	HitBTC	$504,971.69	0.6788%	Visit

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