Dfinity Upends Server Farms
Dfinity USA plans to reinvent the internet as it is known today. At present, most of the internet runs off server farms. These central farms reduce innovation, speed, security and access. Dfinity USA’s founder, Dominic Williams, believes that by decentralizing the internet’s computing power, an open-source environment and more tools, apps and platforms will be able to thrive.
Background of Dfinity USA
Mr. Williams founded Dfinity USA in Palo Alto, CA. This tech haven was an ideal place to develop a new company. He launched it in 2016. Mr. Williams is a computer scientist and theorist by trade. In 2017, he started an ICO. It raised $195 million. In 2018, he did an air drop of tokens, and this raised $35 million. Those funds have been used to set up the Dfinity Foundation and the Beacon Foundation, which provides scholarships, grants and workshops for students, educators and others who use open-source code to create tools, apps and AI for the Internet Computer.
What Is the Internet Computer?
The Internet Computer is a system hosted on blockchain. It supports many apps. These apps are powered by the thousands of nodes on the network. It will theoretically deliver the same functionality as the closed-source, centralized internet everyone uses today. By making an open-source internet, Mr. Williams believes that there will no longer be a need for commercial cloud platforms or huge servers. Those centralized resources are security risks.
Why the Internet Computer Matters
The Internet Computer aims to improve security, access and speed of online transactions. It focuses on cryptocurrency and the implementation of algorithms and AI, which it calls canisters. As of May 2021, the project is public. The Dfinity Foundation, a non-profit entity based in Switzerland, operates it.
Future of the Internet Computer
The Internet uses proof-of-stake consensus and a network nervous system to process data. According to Williams, these offer speed and resistance to tampering. At present, it allows developers to deploy software and build on an open internet. Its current projects include CanCan, an open-source video social media network like TikTok and Fleek, an app for building websites.