Dominic Williams elaborates on the essential characteristics of Internet computers and the DFINITY plan (www.blockcast.cc)

As a never-stop Internet service, DFINITY has no architectural innovation, only software engineering paradigm improvements.

Original Title: “DFINITY: Internet Computer That Never Stops”
Written by: Dominic Williams, founder of DFINITY Compiler: tshi

Yesterday, the founder of DFINITY, Dominic Williams, published an extremely long article, announcing the launch of the DFINITY mainnet, and introduced the main purpose of DFINITY as an Internet computer and its roadmap for the next 20 years.

In fact, DFINITY’s Mercury alpha phase has already started on December 18, 2020, and the announcement now is just a sense of ritual. This method is very similar to Filecoin’s mainnet online method.

For a technology, the technology is only successful when the public uses its services and forgets its technology. Ethereum created the world computer, but it is still far away from users. Therefore, DFINITY will build an Internet computer to allow basic blockchain services to fly into the homes of ordinary people.

Dominic Williams described the 15 essential characteristics of DFINITY as an Internet computer. I will interpret them as follows.

1. Basic services and entrepreneurs grow exponentially

Let the network effect of the business and the practicality of basic services form a closed loop. In other words, the value of the network and the value of the business are complementary. This is a technical model, but also a business model.

2. Non-stop systems and services

The Internet is a legacy of World War II, and the epidemic has accelerated its rate of becoming a public service. Public services are like water and air. Anti-fragility becomes the first demand.

3. Native security and privacy protection

Trust mathematics and cryptography, not firewalls.

4. Eliminate complexity and scalability with smart contracts

Reduce IT operating costs. If smart contracts on the blockchain also conform to the growth law of Moore’s Law, what will the future world be like?

5. Blockchain runs on the “edge” of the Internet

The edge is far from the center but close to the user.

6. Remove intermediaries

End to end.

7. Let the blockchain fly into the homes of ordinary people

Using the reverse gas model, smart contracts pay for themselves, and users do not need to hold tokens.

8. Intelligent governance and autonomous evolution

Another new governance model.

9. Open Internet Services and Tokenized Governance System

The Internet belongs to the Internet, and the blockchain belongs to the blockchain.

10. Irrevocable, trust-free Web

The open source version of Linkedin: LinkedUp.

11. Technology benefits 99% of people

As the title.

12. Anti-platform and anti-monopoly

The open source version of TikTok: CanCan.

13. Calculate the liquidity of supporting contracts

There is no need for stablecoins as pledges.

14. Make WebAssembly a world virtual machine

WebAssembly collaborator Andreas Rossberg joined the DFINITY Foundation.

15. Complete the trinity of blockchain

Bitcoin, Ethereum, DFINITY. All emerging blockchain projects rank themselves in this way, and DFINITY is no exception.

As an Internet service that never stops, DFINITY has no architectural innovations, only changes in software engineering paradigms. This new paradigm is also known as the “network flywheel” of the blockchain. Well, Filecoin is also in this flywheel.

The key to DFINITY’s innovation is to package the Turing machine with the concept of a smart contract container (Canister), and then to drive the automatic operation of the Turing machine by burning Gas (that is, economic means).

This kind of computer that can burn itself and run continuously is also called an agent. Such a system is also called a multi-agent system. Filecoin has a similar design.

As a modern blockchain project, it is impossible without governance. Although DFINITY was born with Ethereum, it broke the Ethereum’s “code is law” governance method, but adopted a governance mechanism called “blockchain neural network system”, which is a self-learning manual control Governance system. This is also very similar to Filecoin’s governance mechanism.

The roadmap for DFINITY in the next 20 years described by Dominic Williams is more retreat. Let me summarize it in another way:

1. In 5 years, let Internet computers fly into the homes of ordinary people.
2. Within 10 years, computer science students who have not created smart contracts on Internet computers will have a hard time graduating.
3. In 20 years, who knows? ! I see that the DFINITY Foundation has indeed built a very good technical team. In the future, let’s go with the flow!

The following slides shared by Dominic Williams.

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views and have nothing to do with ChainNews’ position. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.