Idea & Token
Dfinity is a global network that consists of public nodes and represents the idea of a decentralized computing cloud. This system will allow business applications installed on the platform to work reliably, use smart contracts and to be extremely fast and scalable. The apps won’t need complex and expensive components such as databases, backup and restoration systems or cloud-based services that will reduce the costs up to 90%. The security of the network will rely on the system of votes of so called neurons and on the AI-based mechanisms. Anyone can create a neuron (a node) by freezing tokens. The more tokens are frozen, the larger reward the user can get. One more feature is eliminating of attack of 51% users which is ensured by impossibility to track who votes for whom. The system permanently searches vulnerabilities and in case of a fraudulent attack there’s a possibility to roll the system back. This neuron-based system is the core element of the entire network and called Blockchain Nervous System (BNS). Two main goals of Dfinity are optimization of current intermediary services (Uber, eBay, etc.) and reducing business maintenance costs by process automatization.
Their utility token called DFINITY will be used as:
– Fuel for installing and running smart contract software.
– Security deposit that allows mining client software to join the network.
– Security deposit for creating neurons.
– Security deposit that allows private DFINITY cloud networks to connect to the public network.
The distribution is as follows: 52.93% – foundation Endowment, team and partners, 24.72% – seed fundraise contributors, 9.5% – early contributors, 6.85% – strategic fundraise contributors, 4.75% – presale fundraise contributors, 1.25% – community airdrop. Please pay special attention that there will be no public sale round.
A top team that consists of 20+ specialists and keeps growing includes people from Google, PhDs form Yale and Stanford, professors, cryptographers, researchers, specialists in distributed systems and blockchain, and a number of software developers. The team is so solid that looking at it one may think they develop a serious scientific project, and not an ordinary ICO campaign. And in fact this is just the case – Dfinity is more than just another ICO. The project is led by Dominic Williams, crypto theoretician and entrepreneur, idea generator, previously ran a venture-backed MMO game using his own distributed systems that hosted millions of users.
Dfinity is one of the most large-scale and ambitious projects we’ve seen. As they say about themselves, Dfinity is an “exciting new extension of the Ethereum ecosystem that will make it much, much stronger”. It’s a network for DApps, including those that can be run on Ethereum, with such benefits as extreme performance, unlimited scalability, interoperability, etc. Considering the top team and funds they already raised, Dfinity is going to become one of the loudest blockchain-based projects. Their main challenge is in the existing competitors, so they have to be in a hurry to develop the system as soon as possible.
An extremely ambitious project that is going if not to become new Ethereum, then at least to improve it in a number of parameters.
Yellow flag: There won't be public ICO
Pre-sale is Active! There won’t be public ICO, instead there will be a huge community airdrop.