Dominic Williams, founder and chief scientist of the DFINITY Foundation, delivered a keynote speech entitled "The First True World Computer: Internet Computer Blockchain". Williams said that in order to make the vision of Web3 a reality, a real "world computer" is needed, and the DFINITY Foundation aims to create the first real "world computer", that is, the Internet World Computer Blockchain.
To put it simply, it is to place servers around the world, which is the body. Then relying on ICP decentralized management and development is called the soul.
To put it simply, our current blockchain public chain operation is composed of computers. The vision of ICP is to replace these computers with large servers placed around the world to operate all blockchain projects. One is for civilian use and the other is for large-scale commercial use.
Operating one computer at a time can maximize decentralization, but at the same time, because there are too many and too scattered computers, it causes congestion and chaos, and ordinary computers cannot support large applications. This has caused the blockage and bottleneck of existing applications in the currency circle, but it is very suitable for DeFi, especially in terms of fund security.
Large servers are placed and operated in a decentralized manner around the world. Because the cost is very high and the threshold is very high, there may be more or less centralization in the early development. This is also the reason why DeFi finance was not developed in the early stage, which happened to be misaligned with Ethereum. With the development of more and more global servers, it will be more decentralized, and it can operate large-scale applications, making up the last link of the application for the currency circle.
This is the underlying logic of ICP's differentiated attack and dimensionality reduction attack. And this step is also what the currency circle has to take, otherwise it will never be possible to decentralize global applications. But for now, ICP is a lone wolf with no opponents. As long as the currency circle develops towards the concept of web3.0 applications, it can only go through ICP.
You can say that Bitcoin and Ethereum will always be the top two, but no one can be the third position of ICP. This is the position reserved for him. If web3.0 applications become popular, it will be very easy to surpass the market value of Bitcoin and Ethereum. After all, the application blue ocean is there. The market value exceeds that of Bitcoin and Ethereum, which does not mean that the status can be surpassed. It is just that in terms of market value, the blue ocean of web3.0 applications is too huge. Imagine that all applications in the world use Dfinity's decentralized servers, and the world officially enters the era of decentralized applications. Isn't this the ultimate vision of blockchain? Maybe there will be similar competitors in the future, but at least now Dfinity is at the forefront and acts as a pioneer.
Here are some possible reasons why ICP may fail:
1. Huge initial investment and broken capital chain
2. The world does not accept decentralization, or it fails before decentralized applications become popular.
3. There is a problem with the value capture of ICP. The ecological server is in full swing and the coin price cannot capture the value.
4. Similar competing products appear and are KOed.
5. Being strangled by consortiums or policies that support centralization.
