This year’s ETHDenver once again brought together the brightest minds in the blockchain community, providing Web3 developers, entrepreneurs, investors, and enthusiasts with an unparalleled platform to collaborate, network, and showcase their latest Web3 innovations.
The conference left all attendees optimistic that blockchain technology will play an increasingly important role in solving the world’s most pressing problems.
Blockchain’s power to disrupt and revolutionize entire industries is still in its infancy, but despite the early days of blockchain technology, the DFINITY Foundation’s presence at the world’s premier Ethereum event provided a glimpse into what’s to come for the Internet Computer (ICP) ecosystem and the Web3 community as a whole.
DFINITY Takes DAO Town by Storm
Demonstrating their commitment to fostering innovation and collaboration, DFINITY was a major participant at ETHDenver, with DFINITY’s CTO Jan Camenisch stealing the show with a groundbreaking presentation that articulated a bold vision for the future of computing.
During the conference, DFINITY engaged with a wide range of attendees at their booth #664in DaoTown), with the Foundation’s kiosk showcasing a plethora of innovative decentralized applications (dApps) built on the Internet Computer, a non-stop hub of activity.
Here, attendees were treated to live demonstrations and discussions (around smart contracts and the future of decentralization), and were able to get their hands on the latest DFINITY swag, including coveted NFTs and other cool memorabilia.
Those who visited DFINITY’s ETHDenver base of operations were captivated by ICP’s technology as they were introduced to the revolutionary capabilities of dApps and smart contracts running in a fully decentralized manner. They were particularly impressed by ICP’s speed and security and its potential to drive innovation across a wide range of industries.
Smart contracts running on ICP are the key to a truly trustless digital future. ICP smart contracts will eat away software as we know it, leaving an obsolete trail in its wake.
Likewise, the ICP solution stack is poised to render the most established cloud services, such as Amazon Web Services, irrelevant, and developers and users on the ICP blockchain will soon be forever safe from hackers, regulation, censorship, and the vested interests of authoritarian tech giants and big-name cloud computing providers.
From small dApps beginning to gain a foothold in the ICP ecosystem to the platform’s more mature projects, there is a shared purpose and passion for the pioneering capabilities of the Internet Computer Protocol.
Here is a list of ICP projects helping to occupy the DFINITY booth, they can be found on Twitter:
@hotornot_dapp — The Internet Computer’s answer to (and destroyer of) Tik Tok
@Astrox_Network — Developers of a secure inter-device electronic wallet that does not require a seed phrase
@toniqlabs — Helping developers launch and grow their NFT-based businesses on Web3
@ FinterestICP — A 100% decentralized lending/borrowing protocol on the Internet Computer, designed to support local Bitcoin lending/borrowing
@ ORIGYNTech — Providing tools for art owners to mint and generate digital certificates for their physical artworks in a secure, transparent, and decentralized environment to ensure their authenticity, provenance, and preservation
@demergentlabs — Accelerating the adoption of Web3 and the Internet Computer by educating web developers and onboarding them to the platform
@ItokaMusic — Creating cutting-edge AI-driven music tools that allow music to flow freely throughout the Metaverse
@ntagled — Enables dApps to immutably bind Web3 token wallets and NFTs to physical objects using NFC tags
DFINITY’s participation at ETH Denver is clear evidence of the company’s continued commitment to fostering a vibrant and engaged community, with the Internet computer protocol still attracting the most forward-thinking and creative minds in the cryptography world.
Realizing the dream of a world computer
When it comes to the cutting-edge world of cryptography, few people hold as much sway as Jan Camenisch, CTO of the DFINITY Foundation.
With an impressive three-decade track record of work in cryptography, Camenisch has been at the forefront of groundbreaking innovations, dating back to his early work on the development of electronic cash.
With such an impressive pedigree, there was no better place to give a speech to a sophisticated Denver crowd about achieving a true "world computer."
Camenisch gave a crash course in Internet Computer Protocol and updated attendees on the latest innovations in ICP.
As the ICP technology stack expands — through integrations with the Ethereum network, the Bitcoin network, and other leading consensus-based protocols — DFINITY hopes to achieve a permanent state of blockchain singularity — where the planet’s software will be implemented as smart contracts that operate seamlessly and symbiotically across all chains.
As Camenisch outlined, most blockchains rely too heavily on cloud service providers to manage and control their networks, creating a single point of failure that leads to security vulnerabilities and causes countless issues with transparency, trust, and scalability.
However, dApps running on the Internet Computer offer a more secure, future-proof alternative. The era of overly centralized blockchains, with their systemic bridge hacks and susceptibility to censorship and coercive regulatory enforcement, has come to an end.
The Internet Computer Protocol achieves true decentralization by approving independent (server-level) node machines from sovereign parties and connecting them into blockchain subnets, each of which operates as its own independent blockchain, replicating and running containers - high-level smart contracts that can store 48 GiB of information and provide network services (HTTP Outcalls) in an affordable way.
To its smart contracts, the ICP network architecture looks like a virtual computer that can be infinitely expanded (by adding more subnets), and developers can autonomously choose which subnets (taking into account size, geography, security, and cost requirements) are the best fit for their applications. (Note: Internet Computer Protocol maintains a current roster of 1,235 machines from 76 providers.)
ETH comes to ICP
Following the success of its chain key Bitcoin (ckBTC) initiative, DFINITY is preparing to bring native Ethereum integration to its expanding ecosystem, marking another milestone for blockchain that will further solidify ICP’s position as the world’s computer.
According to Camenisch, the process of integrating ETH into the ICP ecosystem involves a three-stage strategy.
The first one is already completed — replicas can run ETH nodes that interact with smart contracts, i.e. ICPs can send transactions to the ETH network via chain key signing and HTTP outcalls, and in a few weeks, ETH API calls will allow users to seamlessly move assets between the two platforms.
In the third and final phase, ICP aims to be fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to deploy Ethereum smart contracts directly on the ICP network, enabling frictionless native ETH integration.
Finally, DFINITY’s CTO invited everyone to seize the opportunity to join him in unlocking the full potential of blockchain technology by building the Internet Computer.
The invitation from Camenish presents a once-in-a-lifetime opportunity: to be part of a revolutionary computing movement that will shape the future of decentralized technology, the time is now to seize this historic moment — harnessing the power of the world’s most decentralized, scalable, and sustainable blockchain.
About Internet Computer
The Internet Computer, developed by the DFINITY Foundation, is the world's first truly decentralized and infinitely scalable public blockchain. The Internet Computer (ICP) blockchain runs at network speeds and runs end-to-end on a sovereign network of dedicated machines hosted by independent node providers around the world, making ICP the only blockchain that does not rely on centralized cloud nodes.
The Internet Computer blockchain is governed by the Network Nervous System, a protocol-integrated DAO where token holders are given the power to vote on the future of the network.
As ICP increasingly becomes a decentralized alternative to the current public internet, hundreds of dApps are now hosting Web2-style applications (websites, mobile apps, etc.) entirely on-chain at web speeds.
Internet computers currently process more than 500 million transactions per day – significantly reducing energy consumption and costs – making ICP the most efficient blockchain in the world.
With the Internet Computer, the promise of a 100% decentralized internet — a trustless “world computer” where the broadest range of internet services can exist on a massively distributed computer — has become a reality.
About the DFINITY Foundation
The Switzerland-based DFINITY Foundation is a nonprofit organization dedicated to developing the Internet Computer blockchain and was founded in 2016 by its chief scientist Dominic Williams.
DFINITY’s Zurich headquarters houses the region’s largest blockchain R&D center, with one of the most extensive R&D teams in the industry, featuring many world-renowned cryptographers, researchers, and engineers.
DFINITY has more than 200 employees worldwide, including its research center in San Francisco, California.
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