Dfinity responds to Internet Computer decentralization and privacy concerns
Dfinity has sought to quell criticism over the decentralization and privacy of its Internet Computer protocol. Dfinity, the team behind the Internet Computer protocol, or ICP, has fired back at critics of its decentralization and privacy features in an “Ask Me Anything” on Reddit yesterday.The team sought to assure that the project’s foundation does not have control over the majority of voting power, emphasizing that decentralization is a priority for the network as it moves forward.The project aims to replace the public internet with a distributed network of data centers, nodes, subnets....
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As the last project to capture the crypto ecosystem’s imagination before the recent bloodbath, there are many interesting things about the Internet Computer. A recent report made a compelling case against it, though. And now it’s time for the Dfinity Foundation to indirectly respond and explain. How will that work? Continue to find out. This […]
Dfinity Foundation’s Internet Computer blockchain has welcomed its first decentralized exchange named Sonic. The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped....
The slated integrations with Bitcoin and Ethereum would displace the need to use a bridge, which can open the network up to malicious actors. The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich.The #ICP....
Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a new stage powered by its platform. Now, the Internet Computer has taken another step into the future. Its community recently voted and approved the “Increased Canister Storage” as Internet Computer continues to integrate more features and upgrade its platform. Next, the community will use the power....
Dfinity’s “Internet Computer” tokens are finally tradable after five years in the making. The launch of the Internet Computer utility token has seen a wild first day of trading after its long-awaited debut on exchanges.The ICP token from Dfinity was listed on Coinbase Pro and several leading exchanges including Binance, Huobi Global, and OKEx on May 11.Over four hours, prices for the newly launched token have swung from an early intraday high of $700 down to $250, before recovering 70% over 10 hours to trade for $425 at the time of writing. Coingecko estimates $1.8 billion worth of ICP....