Dfinity Donates $ 220 Million Development Grant to The Internet Computer – Illinois News Today

The Dfinity Foundation has introduced a grant of practically $ 2.5 billion to assist extra builders work on their Internet computer systems and take initiatives to make their work simpler.

Internet computer (TIC) is Dfinity’s new blockchain system that allows distributed providers at speeds acquainted to Internet customers by working sensible contracts (referred to as canisters) on devoted machines in information facilities all over the world. Insist.

so Consensus 2021 On Tuesday, Dfinity Foundation founder Dominique Williams referred to as it the “sovereign physical layer” to differentiate it from the proof of stake infrastructure working in cloud providers for corporations comparable to Amazon.

The new fund has been funded with CHF 200 million (roughly $ 223 million).

“Our aim is to support the reimagination of all systems and services in new ways using smart contracts on the infinite public blockchain. To take advantage of the new features of the blockchain. What the world is currently building will be the next important and fascinating chapter, “Williams said in a press release.

The fund can be used for tools for developers to accelerate coding, infrastructure such as Oracle and Block Explorer, and projects such as accelerators and applications that can attract users.

When appearing in Consensus 2021, Williams said that TIC has already created over 100,000 IDs and described future social networks. Called a distributor..

“You’ll see blockchains that are technologically evolving and advancing, much faster than the technological evolutions and advances of blockchains of the past,” Williams stated.

Olaf Carlson-Wee, Founder and CEO of Polychain Capital, stated in a press release: Web 3. “

Polychain leads the $ 14.5 million Beacon Fund, which additionally funds tasks constructed for TIC.

Dfinity Donates $ 220 Million Development Grant to The Internet Computer

Source link Dfinity Donates $ 220 Million Development Grant to The Internet Computer

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