Dfinity DFN

A public decentralized cloud designed to host the next generation of software and services
Profile

Dfinity is a blockchain-based cloud computing project. Its aim is to develop a decentralized “internet computer that will become the cloud 3.0.

DFINITY is a decentralized network design whose protocols generate a reliable “virtual blockchain computer” running on top of a peer-to-peer network upon which software can be installed and can operate in the tamperproof mode of smart contracts. The goal is for the virtual computer to finalize computations quickly (using short block times and by requiring only a small number of blocks as “confirmations”), to provide predictable performance (by keeping the time between confirmations approximately constant), and for computational and storage capacity to scale up without bounds as demand for its services increases (using novel validation mechanisms and sharding systems discussed in our other papers). The protocols must be secure against an adversary controlling less than a certain critical proportion of its nodes, must generate cryptographic randomness (which is required by advanced decentralized applications) and must maintain a decentralized nature as it grows in size to millions of nodes.

DFINITY’s consensus mechanism has four layers: notary (provides fast finality guarantees to clients and external observers), blockchain (builds a blockchain from validated transactions via the Probabilistic Slot Protocol driven by the random beacon), random beacon (provides the source of randomness for all higher layers like smart contract applications), and identity (provides a registry of all clients).

Recent News
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Andreessen Horowitz Forecasts Fourth Crypto Bull Cycle
May 18 · CoinDesk · Less than a month after launching a new $515 million crypto fund, Andreessen Horowitz (a16z) is predicting that "high-quality projects" may drive a new growth cycle in the industry.
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Staying Alive: Why the World of Enterprise Blockchain Has Turned to Collaborations
May 14 · CoinDesk · There was also a narrowing down of the space into three, quite separate enterprise-focused blockchain networks: R3 Corda, Hyperledger and enterprise Ethereum.
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Open Blockchains Aren’t Secure Enough for Enterprises, Says Salesforce Exec
May 12 · The Cointelegraph · Salesforce’s SVP for emerging technology, Adam Caplan, says that is difficult for enterprises to place trust in public blockchains as they do not offer any access and governance controls.
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Andreessen Horowitz Raises $515 Million for New Crypto Fund, Surpassing Initial Goal
Apr 30 · Coin Telegraph · Top venture capital firm Andreessen Horowitz is expanding its presence in the crypto sector.
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Polychain Capital Is Raising a $200M Crypto Venture Fund, Slide Deck Reveals
Feb 14 · CoinDesk · Cryptocurrency investment firm Polychain Capital is raising $200 million for a second fund aimed at venture investing, a funding goal that would top its first venture fund by $25 million.
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