Internet Computer

What is (ICP) Internet Computer?

The Dfinity Foundation, founded by Dominic Williams in October 2016. Dfinity intends to invent the Internet as the computer that hosts anti-hacking software and a new generation of open Internet services.

Dfinity headquarters in Zurich, Switzerland, secured a nearly $ 167 million budget from 12 investors. Dfinity investors include Andreessen Horowitz, 9Yards Capital, Polychain, Scalar Capital, KR1, SV Angel, Amino Capital, Eterna Capital, Aspect Ventures, and Village Global.

Dominique Williams was the founder and senior scientist of the Dfinity Foundation, a former director and CTO of String Laboratories, Inc., and holds a bachelor's degree in computer science from King's College London. Dominic decided to build the computer as a new technology stack that would be anti-tampering, fast, and scalable for billions of users worldwide, and support a new type of standalone software.

Internet Computer Token

The native tokens of this platform are known as ICP. They have three important roles: facilitating governance, generating computational cycles, and rewarding participants. By purchasing and maintaining ICP tokens, users can vote to create blocks that are effective for participating in-network governance, thereby earning cash prizes from the provider company.

Currently, approximately 124 million tokens are in circulation, and the total supply of ICP tokens is over 469 million. There are two ways to buy ICP tokens. The first type involves token holders who wish to participate in network governance and win voting prizes. The second type involves developers looking to convert ICP passwords to a pay cycle.

What is Dfinity?

Dfinity is working on creating the first blockchain-based solution that runs at web speeds with the ability to increase infinite capacity. This computer called an "Internet computer," can store an infinite number of applications and smart contracts while storing any amount of data.

Dfinity is nothing new. It was first founded in 2015 by Dominic Williams and has grown significantly since then. Dominic is still the President and Senior Fellow of the Dfinity Foundation and is also Dfinity's most vocal spokesperson for the adoption of Internet computer technology.

While Dfinity was founded in Palo Alto, California, and is still recognized as a research center, it now manages the project. The ICP project is based in Zug, Switzerland. The second research center is located there and the third center is located in San Francisco, California. The project currently has more than 188 leading industry teams of computing engineers, cryptographers, and operations experts. Everyone is working to create the next generation Internet solution.