Zurich-based non-profit organization DFINITY Foundation launches Internet computer, world’s first block chain operating at network speeds with unlimited capacity.
DFINITY intends to make the public Internet a distributed global computer that extends the functionality of the Internet to a network that provides millions of developers and entrepreneurs with a public computing platform for cryptographic-based startups and blockchain-ready companies.
The Internet computer supports North America, Europe, and Asia, supported by 48 independent data centers, a “blockchain trilemma” by providing a distributed, secure, and scalable blockchain network.
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Dominic Williams, a DFINITY researcher and founder, said TechRadar Pro that the purpose of the project is mainly to expand the Internet, as we take it for granted.
“The creation of this revolutionary, unauthorized open domain cyberspace has led to a huge amount of innovation and growth, as well as all sorts of changes in the way society works. But one thing it did not do was move the construction of systems and services to the public.
“If you want to build an Internet service or a business system or website, you have to build it in a closed private infrastructure. Our goal is to expand the Internet so that everyone and everyone is not just connected by a public network.”
Built for encryption
For encryption industry, The Internet computer is designed to complement the trinity of public blockchain innovations – from Bitcoin, to Ethereum and to the Internet computer.
Creating an Internet computer now makes possible a new type of software: open mass-market Internet services maintained by encrypted management systems (also known as standalone software), such as open versions of TikTok, WhatsApp, and LinkedIn, use less than a thousand lines of code and can support millions of users.
DFINITY reveals that starting an Internet computer also reveals a scientific breakthrough called “Internet identity,” a new approach that allows an Internet computer to naturally manage usernames without usernames, passwords, or encryption keys.
Williams added: “In the future, the DFINITY Foundation, the newly formed Internet Computer Association and many other organizations will work tirelessly to improve Internet information technology and support those involved in the ecosystem.”
“Five years from now, the Internet and its revolutionary features will be widely understood by both entrepreneurs and end users. Ten years from now, the wider technology community will realize that the Internet computer is on the path that will one day become humanity’s primary computing platform for building software, and the “open Internet” will dominate Big Tech’s closed own ecosystem.
“Finally, 20 years from now, the open Internet will be significantly larger than Big Tech’s closed proprietary ecosystem, which is in the terminal sleeve, but will disappear forever for similar reasons.
DFINITY plans 123 data centers with 4,300 nodes to maintain an Internet computer by the end of the year, and eventually thousands of server centers that will use millions of nodes to support the construction of an open Internet over a decade.