Internet Computer is a first-layer protocol designed to develop a decentralized public network that enables smart contracts to run at scale. Internet Computer is a revolutionary blockchain that hosts unlimited data and "on-chain" computation, making it easy to build scalable dapps, DeFi, websites, enterprise systems, and open Internet services.

Founder: Dominic Williams Twitter: https://twitter.com/dominic_w

Total supply: 515 million

Circulation volume: 460 million

Total global market capitalization: 2.7 trillion

Circulation market value: 6.655 billion

Main distribution situation

The community occupies 59.5%, which is too high at a macro level and is not conducive to later market liquidity. The Internet Computer Association has 1.6%, the DFINITY Foundation has 38.4%, and the nodes have only 0.5%.

Project Highlights

Dfinity has built an unlimited computing and unlimited expansion platform through technical goals such as Probablistic Slot Protocol, Threshold Relay, Uscid (unique state replication ID), and Blockchain Nervous System. Blockchain computing system, and by expanding and strengthening the EVM ecosystem to provide applications with platforms with different characteristics, conceptually falls into the category of "Ethereum Competitors".

ICP is a utility token native to the network and plays three key roles in the network:

1. Promote network governance

ICP tokens can be locked to create neurons, and by voting to participate in network governance, ICP additional issuance rewards can be obtained.

2. Produce cycles for calculation

ICP can be converted into "cycles", which act as gas tokens to power calculations and are burned when used. NNS will dynamically adjust the ratio of ICP to cycles. This selection is to ensure that users of the network can always create new cycles at a nearly stable actual cost, so that the cost of obtaining gas is stable and predictable.

3. Reward participants

The network will mint new ICPs to reward people who undertake important work to enable the network to operate, including: providing "voting rewards" to neurons participating in voting; providing "node rewards" to service providers who run node machines.

Calculate voting rewards

Predictions suggest that 90% of the total ICP may be locked into neurons. Regardless of the current lock-in level, a fixed amount of ICP additional issuance rewards are allocated so that participants will receive larger rewards until the participation rate reaches 90% and the market is able to convince those who are not currently participating to participate.

The required return is estimated as a percentage of the current supply, and this percentage is allowed to decline over time to account for the risk of locked balances declining as the network becomes more stable. The initial issuance may be 10% of the total supply (on an annual basis), with this decreasing over time until it is down to 5% after 8 years.

algorithm

The maximum amount of ICP that can be minted and distributed is derived from the current ICP supply and the number of days since creation. First, this is equal to 10% of the ICP supply divided by the number of days in the year. Over eight years, that number drops to 5 percent. Please note that as the supply of ICP may grow or decline during this time, voting rewards may not be reduced by half in practice.

The issuance rate in the first year is 10%

The issuance rate is 5% in the eighth year after Genesis and remains unchanged thereafter

The issuance rate is a quadratic function of time

development path

Dfinity was conceived in 2015 to address deficiencies in the Ethereum network

In October 2016, DFINITY Foundation was established.

2017-02-14 DFINITY raised US$4.2 million in seed round.

2018-02-07 DFINITY completed a $61 million strategic round of financing led by Andreessen Horowitz and Polychain Capital.

2018-08-28 DFINITY’s venture capital round raised a total of US$102 million

In Q4 2019, Dfinity released the COPPER version of "Internet Computer", released the programming language Motoko and the software development tool kit Canister SDK.

In Q1 2020, Dfinity announced the launch of the BRONZE version of the "Internet Computer" at the 2020 World Economic Forum in Davos, and demonstrated LinkedUp, an open social network product designed to build a decentralized Linkedin version.

In Q2 2020, Dfinity launched the Tungsten test network and the Demo demonstration of CanCan, the open alternative software for TikTok (Douyin International version). #ICP🚀🚀

2021-02-06 The first phase of Alpha of DFINITY mainnet Mercury is officially released, which means that Internet computers will become part of the public Internet, using ICP as a supplementary Internet protocol to TCP/IP. #gala

Investment agency

a16z Crypto Scalar Capital SNZ Holding Blockchain Capital Electric Capital P2P Capital Cyber ​​Fund Hash Capital#热门话题