The “Dfinity” project introduces blockchain-based cloud computing, and aims to develop a decentralized Internet computer to operate as a cloud for the web 3.0.
The “Dfinity” project has previously raised $ 195 million to develop a blockchain-based computing network, and among the most important investors were:
Andreessen Horowitz and Polychain Capital.
The project also aims to compete with cloud computing systems such as that offered by Amazon.
Dfinity announced a new update called the "Internet Computer".
The new announcement and update was published by Mr. "Dominic Williams", founder and CEO of the "Dfinity" project through "Medium", in which it says:
The main network of the "Internet computer" is now in place.
The “Internet Computer” update from “Dfinity” aspires to activate and implement the ambitious new network promised from the project.
Despite the release of the statement and announcement yesterday, the main network for updating the “Internet Computer” has already started on December 18, 2020.
The above-mentioned code explains the mechanism of action for the new update and provides an explanation for it. The code also clarifies a plan for 20 years in the future.
For your information, the value of "Dfinity" was estimated at about $ 10 billion last year.
According to the post published by Mr. "Dominic Williams", the following:
In 20 years, the open internet will finally be much larger than the ecosystem owned by large tech companies.
The dominance of these large companies will begin to wane, but it will take time.
"Williams" also suggests that "open" versions of popular applications such as "Uber", "Google Photos" and "TikTok" could be developed.
The open apps service in the blog, notes that it will likely reward early adopters with the governance digital currency.
"Dfinity" previously developed a typical application to deliver its idea called "CanCan", a competitor to the application of "TikTok", while highlighting some of the capabilities of what it offers. We addressed the application earlier on Bitcoin Arabs to return to it from the title