DFINITY (IOU) | cryptopedia_title_buy | BITmarkets
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The DFINITY Foundation built the Internet Computer blockchain—a new technology stack that reinvents the internet as a computer that hosts secure software and decentralized applications (dapps).

The Internet Computer makes it possible for the world’s systems and services to be created using smart contracts that run entirely on-chain, allowing practically any enterprise to be fundamentally reimagined, and restoring the internet to its permissionless, innovative, and creative roots.

DFINITY is Ethereum-run

DFINITY remains as one of the many decentralized actors within the Internet Computer ecosystem and continues to propose new features for the network's adoption by the will of the broader community.

An Ethereum-family technology, DFINITY is fully compatible with the public Ethereum network. The internet Computer Blockchain introduces governance by a decentralized intelligence called the Blockchain Nervous System. DFINITY is best understood as a new extension of the Ethereum ecosystem with a stated aim of making it stronger. DFINITY also comes with its own ICP token, which is however only an IOU version that does not represent the real token.

A BIT more about DFINITY

The DFINITY Foundation is a not-for-profit organization based in Zurich, Switzerland, that oversees research centers in Palo Alto, San Francisco, and Zurich. DFINITY's mission is to promote the Internet Computer and improve the world.

DFINITY is a public network of client computers providing a "decentralized world compute cloud" where software can be installed and run with all the usual benefits expected of "smart contract" systems hosted on a traditional blockchain. The underlying technology is also designed to support highly resilient tamperproof private clouds that provide the added benefit that hosted software can call into smart contracts on the public cloud.

 

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