Dfinity – third generation blockchain or global supercomputer

The DFINITY project (Decentralized InFINITY) is a fairly ambitious project that, according to its creators, challenges existing centralized cloud computing such as Amazon Web Services.

Team

The main support for the project is provided by a Swiss non-profit foundation called DFINITY Stiftung. Dominic Williams is the project's chief scientist. Founder of the game Fight My Monster, which has 1.3 million users. Timo Hanke Head of Engineering. In 2013, he developed and patented AsicBoost, a protocol that increases mining efficiency by 20%. Almost the entire team consists of engineers and scientists.

Project

The DFINITY project is a “decentralized global computing cloud”, where software can be installed and run with both the public Ethereum network and its corporate clones. DFINITY works on the basis of EVM - Ethereum Virtual Machine, but unlike ether, it has more connections between nodes. A network in which there is a new paradigm “Artificial Intelligence (AI) is the law.” The creators of the project claim that the security of such a network will be based on voting by network users and traditional AI mechanisms that are capable of instantly calculating vulnerabilities, and in case of penetration, painlessly “rolling back” the network. The essence of the ambitious project: to create a huge blockchain that will support corporate IT systems and show that everyone has access to cloud computing power and it is not at all necessary to have a supercomputer at home. 

Token

The DFINITY network has its own token, DFN. Essentially, the coin provides a decentralized system for executing smart contracts. 

Tokens are intended to provide significant four key forms of participation in the DFINITY public network:

 ⁃ Installing and running smart contract software

 ⁃ Creating “smart identities” by making security deposits.

 ⁃ Creating “neurons” (part of the BNS) by making security deposits.

 ⁃ Connecting private cloud networks to the public network DFINITY, again through deposits.

 $4,000,000 was raised at the presale. The fundraising goal is $90,000,000. The time of the second round of the ICO is still unknown. It is also not yet explained where the funds already received were spent.

It is also planned to issue a local PHI token, which, apparently, will become an additional token of the ecosystem.. 

Summary

The main purpose of the DFN token, as follows from the information posted by the developers on the network, is not speculative trading on the stock exchange, although, of course, this will be useful for the development of the project if it is beneficial. Right now, it is difficult to predict what the short-term potential of Dfinity tokens will be. Its prospects, like most similar ones, depend on the success of the declared technology. This is one of those ICOs that you can invest in based on the implementation of the underlying technology. What is alarming so far is that this project is not completely independent, but uses the Ethereum blockchain, and that the amount planned to be received through the ICO is not rational.